New York City Insurance, Insurance New York City » Renters Insurance

Does my Landlord’s Home Insurance Policy Cover me as a Renter?

admin — Wed, 24 Feb 2010 02:54:26 +0000

Your landlord’s homeowner’s insurance policy will most likely not cover your personal possessions. The policy will most likely cover the home you are renting but it may not cover you and your assets.

Renters often do not think about getting individual coverage for themselves. It is important to realize that renter’s insurance is different from homeowner’s insurance that your landlord will have. Renter’s insurance policies will include coverage for personal contents and possessions, damage of property that will allow you to live somewhere else and liability coverage.

Most renters will wonder about opening a policy when it is too late. Renter’s insurance is more affordable that homeowners insurance. Ask your agent for more details or get a free New York City Renters Insurance quote today.

Why Invest in Renter’s Insurance?

admin — Fri, 22 Jan 2010 16:21:18 +0000

You may not own the place where you live but protecting yourself with Renter’s Insurance could be the best thing you could ever do. Even though it’s not the first type of insurance you have in mind, having renter’s insurance is just as important.

As a renter, you are opening an insurance policy on your personal possessions rather than your residence or property. Renter’s insurance protects the items you own. If there is an emergency, you can receive aid for a temporary living situations or assistances with your damaged goods. Renter’s insurance covers liabilities or damage you may cause to the owner’s property. If you are an renter, looking into Renter’s Insurance policies could save things you never thought you could save.

If you are wondering how much Renter’s Insurance will cost for you, get a free NYC renter’s insurance quote today.

What Happens When You Don’t Have Renters Insurance

admin — Mon, 27 Apr 2009 22:38:09 +0000

I recently had a friend go on their honeymoon to Mexico for two weeks. While they were away the apartment above them had a leak in their bathroom plumbing. Unfortunately by the time they found the problem, the water had gone through the floor, and through their ceiling, and done a significant amount of damage to their furniture as well as the new hardwood floors they had just put in.

Although I had advised them on several occasions that they need to purchase renters insurance, they never had. They found out they were not covered for any of the damages, not even the flooring. Your landlord’s policy does not provide coverage for any of your personal belongings.

Think about this; the average renter in New York City has about $35,000 in personal property, to replace all that would take most of us years! Renters insurance is generally less than the cost of a pizza each month, and if you add it on with your auto insurance policy you will get a huge discount. With my policy it was actually less expensive for me to have renters insurance and auto insurance together than if I just had an auto policy. Basically my renters insurance cost less than the discount I was receiving on my car insurance!
The other thing to consider is where you are going to stay while you condo is being repaired or rebuilt. My friend had to live with her in-laws for almost two months while they were having her apartment repaired. I don’t know about you, but that certainly wouldn’t be the best situation for me!

Make sure you have peace of mind and get your personal belongings insured today!

Technorati Profile