At Effective Coverage, we realize that you have many choices for your Michigan Renters Insurance. We respect consumer choice and open markets, and we’re happy you’re taking a moment to review our Detroit, MI Renters Insurance Guide.
We’re not just another insurance company. We’re the only insurance provider in the nation dedicated exclusively to meeting the insurance needs of renters. We know that renters have different needs than those of homeowners, and we aim to meet those needs with a full suite of products and services that help you protect your family.
While life in Detroit can sometimes present a complex set of challenges, renters insurance in Detroit doesn’t have to. Work with the Michigan renters insurance experts to craft the perfect policy to protect your family in just a few minutes.
Detroit, MI Renters Insurance
Is It Difficult To Get Detroit, MI Renters Insurance?
No, it’s not difficult to get renters insurance in Detroit. Some have said that Michigan in general, and especially Detroit, is a “hard market” for personal lines insurance in general. That basically just means that because of the level of risk, or other factors, either not many companies are writing new business or the prices are higher than they might otherwise be.
While that certainly is true to some extent with regards to Michigan auto insurance and homeowners insurance, it’s not true for Detroit, MI renters insurance. Part of the reason for that is quite simple: You’re insuring a few thousand dollars of personal property and your liability risk, but you’re not insuring the building itself. That reduces the risk to the insurance carrier, and prices and availability are adjusted to compensate accordingly for that.
The other part of it is that there are fewer regulations surroundingMichigan Renters Insurance than auto coverage in the state. There’s not a no-fault scenario on Detroit renters insurance, which makes the policies easier to write and easier to predict risk on.
It’s actually quite easy to find renters insurance in Detroit. Just call Effective Coverage, and we can create a quote for you in minutes and get your family protected quickly.
How Much Does Renters Insurance In Detroit Cost?
The cost of Detroit renters insurance can vary based on you as an individual and on the general area and claims history there, but it’s still not expensive. Generally, renters insurance in Detroit averages between fifteen and twenty dollars a month.
That’s an incredible value, considering that it protects the things you’ve worked so hard for, along with covering your risk of liability. You’d have to go nearly a century without a personal property claim before you paid in as much as the policy would pay out!
Affordable Detroit renters insurance is easy to find with Effective Coverage, and the process to get covered is quick and painless.
Why Do I Need Renters Insurance In Detroit If My Landlord Already Has Insurance?
First of all, the landlord isn’t responsible for your personal property. But even if they were, there’s another burning question to be asked. Many rental properties in Detroit are in pre-foreclosure or foreclosure. After a sale occurs, the owner has a six month period to redeem, or buy back, the property. During the months leading up to the foreclosure, and during the redemption period and the 90 day minimum afterward (when you can stay even after the owner is foreclosed on), can you be sure the landlord has insurance? If he’s not paying his mortgage, it’s likely he’s not paying his insurance, either.
Effective Coverage offers the nation's only completely mobile platform to quote and purchase renters insurance right from your phone or tablet in just one minute. Get an online renters insurance quote today and protect your family.
Take the easy road and protect yourself and your family with Detroit, MI renters insurance!
Renting In Detroit, MI
As the most populous city in Michigan and the largest city on the US-Canada border, over 700,000 people live in the city. This is down from some years ago, but Detroit is still a huge city. Over 5.2 million people live in the greater metropolitan area. While some industries may have declined in recent years, Detroit is still an important port city for the Detroit River connecting the Great Lakes to the St. Lawrence Seaway.
In Detroit, the average home price is $75,955 and the average gross rent is just $749 a month. That means Detroit is an affordable city to live in for just about all groups of people. This accessibility adds to the cultural melting pot that’s found in Detroit. Half the population of Michigan resides in the greater Detroit area, and it’s the third biggest economic powerhouse in the Midwest, second only to Chicago and Minneapolis.
Detroit has always been the center of American automotive industry. After a few missteps, Detroit is beginning to recover. A developer has begun tearing down and redeveloping the 40-acre former Packard plant, remediating safety and environmental concerns that have kept the East Side of the city on edge for decades now. The city is recovering financially, and jobs are coming back. As Detroit is reborn, it’s rapidly becoming the land of American opportunity.
Major corporations have always believed in Detroit, and their strength and patience are beginning to show fruits. Even as the city battled financial troubles and an appointed City Manager, General Motors, Quicken Loans, and Ally Financial have made their homes here and committed to the revitalization of this grand city.
We hope you’re as committed to living in this blossoming city as the companies we just mentioned, but you still need to protect yourself with Detroit, MI renters insurance from Effective Coverage.