Fast & affordable landlord insurance in Michigan
Easy online insurance for rental property owners and investors. Steadily is rated 4.5 out of 5 stars by landlords nationwide.
We've gotten more than $125 million in property insured in Michigan
Why get landlord insurance in Michigan?
Michigan has landlord-friendly legislation. The workforce is spread evenly across manufacturing, healthcare and social assistance, retail, and education services. Though, Michigan’s property tax is marginally on the high side at 1.64%. With a low cost of living, the demand for rental properties increases as people move to Michigan. While the Michigan real estate market is remarkably inexpensive, it is also commendably profitable. While the landlord climate is favorable in MI, landlords should get landlord insurance to help protect their investments. Here are the common natural disasters in Michigan:
- Winter storms
- Wildfires
- Severe storms
- Tornadoes
How much does landlord insurance cost in Michigan?
Who is landlord insurance for?
Landlord insurance (also known as rental insurance) is a policy for people who rent their homes to others. Landlord insurance is not required for a landlord, but insurance can bring many benefits:
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Properties we look after
We make it easy to get landlord insurance for many types of properties
We also help AirBNBs, VRBOS, and other rental properties
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Single-family
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Apartment
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Multi-family
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Manufactured
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Condo units
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Vacant or restoration
Building data
Properties across the state vary in size and characteristics. Here is data on the properties we've insured.
Coverages
We cover a wide range of risks, or you can choose a limited set of coverages for a lower premium
Riot & civil commotion
Protect your rental property from damage caused by riots or civil commotion. Steadily’s landlord insurance includes coverage for these rare but costly events.
Vandalism & burglary
Landlord insurance with vandalism and theft coverage protects your investment when criminal activity damages your property.
Loss of rent
Loss of rent coverage replaces your rental income during restoration, protecting your cash flow when tenants can't occupy the property.
Storm and hail
Storm and hail damage is one of the most common and costly issues landlords face. Proper insurance protection ensures your investment remains secure when severe weather events occur.
Water
Water damage is one of the most common and costly issues landlords face. Proper insurance protection ensures your investment remains secure when unexpected water events occur.
Legal liability
Proper legal liability insurance protection ensures your investment remains secure when unexpected claims and lawsuits occur.
Fire
Fire damage is one of the most costly and devastating events a property owner can face. Proper landlord insurance ensures you're protected when the unexpected happens.
Recent insurance quotes in Michigan
$362.56
$831.00
$753.00
$399.00
Get coverage in minutes
No hidden cancellation fees. Competitive rates nationwide.