New York Renters Insurance Basics
Updated: Nov 2, 2020
What is renters insurance?
In a nutshell, renters insurance covers your belongings. It covers your personal property, injuries at your home, and lawsuits against you. It does not cover the structure that you reside in- that's your landlord's responsibility. You should consider getting renters insurance if you're renting an apartment, house, or condo.
Do I need renters insurance?
While it's not legally required, certain apartment complexes and landlords may require it in their lease. Regardless, it's always a good idea to have renters insurance to cover your stuff. Think about everything in your apartment. What's the value of it all? Not only should you consider big-ticket items like furniture and electronics, but also add up the value of your wardrobe, dishes and kitchen contents, books, artwork, linens, toiletries, toys, bicycles, sports equipment, etc. If you were robbed or lost everything in a fire, your landlord is not responsible for your belongings. Renters insurance can help cover what you've spent a lifetime accruing.
How does renters insurance work?
We'll ask you a few simple questions about you and your home. You'll have some options when picking coverages and payment plans. After buying your policy, if a personal item gets stolen/damaged/something else happens, you can file a claim. If it's covered, the company will pay for the damages or losses up to the specified limits subject to your deducible.
How to get renters insurance:
It's simple - give our office a call: 845-255-7806