Michigan Landlord Insurance

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  • Michigan Landlord Insurance

When someone asks you where your rental properties are in the Wolverine State, all you need to do is point to your hand and know you have proper coverage and adequate peace of mind because you invested in that Michigan landlord insurance to protect your property and anything that happens to it.

What’s Covered With a Michigan Landlord Insurance Policy?


This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since you’re not the one living in the home and taking care of it full time, the landlord’s dwelling coverage should be equal to or a little more than your home’s actual value.

Other Structures

Depending on the type of property you own, other structures coverage may or may not apply. If you rent out a house, this coverage extends to things like fences, sheds, carports and detached garages, and is typically up to 10 percent of the dwelling amount. However, if you’re renting one or a few units in a condo complex, there’s a good chance you won’t own any of these types of coverage and, therefore, don’t truly need it.

Personal Belongings

If you store on the rental property things like a lawnmower, tools for working on the home or other items that directly help you maintain your rental unit, these items would be covered under the personal belongings portion of your landlord policy. Unfortunately, your tenants’ belongings are not covered.

Landlord Liability

It’s a good idea to maintain adequate landlord liability protection in the event one of your tenants or their guest is injured on the property and you’re held liable. This could happen for a number of reasons, including a broken stair that wasn’t repaired or a faulty fix. This coverage helps to pay for medical bills and legal expenses up to your policy’s limits.

What Are Some Extra Michigan Landlord Coverages to Consider?

Landlord Contents: For those Michigan landlords who furnish part or all of their rental properties, there’s an optional landlord contents coverage you’ll want to opt in to. This covers the belongings you keep in the unit, like furniture, electronics and appliances.

Construction: If the building codes change or you’re working on renovations, you’ll want to make sure you have coverage for your rental property that’s under construction. This helps mend the money until the home is ready for occupation again.

Loss of Income: If your rental property is hit by a covered peril and your tenants are forced to temporarily move out of the home, you’re not getting a rent payment each month. Luckily, adding loss of income into your Michigan landlord insurance policy can help pay you the money you’re losing out on each month until the home is repaired and tenants are able to move back in.

Burglary and Vandalism: If your rental property is broken into and damaged or vandalized, purchasing additional coverage for burglary and vandalism will quickly become your best friend. This can help repair parts of your home that have been damaged or replace your property that was stolen.

What’s the Average Cost of Landlord Insurance in Michigan?

The average cost of landlord insurance in Michigan is about $1,300 per year, which is right in line with the national average. This premium gets you an average of $200,000 worth of dwelling coverage, $100,000 worth of liability coverage and even lost income recouping if your property sustains a covered peril and must be repaired or rebuilt.

  • Average Cost of Landlord Insurance in Michigan: $1,300 per year

Compare and Buy the Best Landlord Insurance in Michigan

Simply plug in your rental property’s address, answer a few quick questions and compare multiple quotes from multiple carriers to get the coverage you need at the price you deserve. At Clovered, we do all the hard work for you, so you can sit back and enjoy the rental income that keeps rolling in.

Protect Your Investment With Landlord Insurance

You've worked hard to buy your rental property. Protect it with a custom policy at an affordable price.

The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.