Under New York law, the owners of apartment buildings Anne houses for rent are required to maintain property insurance on the place where you reside. While it is not required for you to have a renters insurance policy, in place, it is definitely recommended That you secure a policy to protect you and your belongings. Renters insurance, also known as tenants insurance, is a policy that provides coverage that your landlord’s insurance will not. At Acme Insurance Brokerage in Amityville, NY, our insurance agents understand the importance of maintaining your own protection.
Personal Property Coverage
If your apartment building catches on fire and you lose all of your personal belongings, including clothing, household items, and any furniture and appliances you have purchased, you will be glad you had a renters insurance policy in place. It will replace any belongings you lose due to vandalism, fire, theft, or even a natural disaster.
Your renter’s insurance policy can also offer you liability insurance. This type of insurance will come in handy if a visitor to your apartment, condo, or house that you rent is injured in some type of accident that is not covered under the property owner’s insurance policy. Liability insurance will pay the medical bills if someone is injured and maybe even their time off of work.
Get a Quote Today
The only way to ensure that you will not lose everything you own if a disaster occurs while you are a renter is to have a renters insurance policy in place. You will need to contact an insurance agent who has experience in renters insurance. The agents at Acme Insurance Brokerage in Amityville, NY are ready to assist you. Call for an appointment or quote today and let us get your policy started!
When you are looking to move into a new home, renting your place could be a good idea. If you are going to rent a property in the Amityville, NY area, it is vital that you consider your insurance needs. Several benefits come when you get a renters policy before moving into your new home.
Provides Liability Protection
One benefit that will come with a renters insurance policy is that it can provide you with valuable liability protection. If you are a renter in an apartment and have a guest over, you are going to take on some liability risk. If this person gets hurt while visiting you, there is a chance you could be found liable for damages. When you have renters insurance, you are going to receive coverage for this risk.
Protects Renter’s Personal Assets
Another benefit that comes with renters insurance is that it can protect your personal assets. Anyone that moves into a new apartment will likely bring with them furniture, kitchenware, clothing, and many other personal items. If you are a victim of a fire or theft, you could incur a significant loss. Fortunately, when you get a renters insurance policy, you will receive the coverage you need to replace these items.
It is always beneficial for someone in the Amityville, NY area to get a renters insurance policy. As you are shopping for a new policy, you could find that the process is confusing. Due to this, you should reach out to the Acme Insurance Brokerage when you are going to move into a new home. The insurance team at the Acme Insurance Brokerage will help you to understand all of your options better and needs to ensure you get into a policy that provides the right coverage.
If your rental property is damaged in a fire, storm, or other disasters, your landlord’s dwelling insurance will help cover repair costs. Your landlord’s policy, however, won’t protect your possessions, which are equally at risk of suffering damage or loss in a catastrophe. Renters insurance from Acme Insurance Brokerage in Amityville, NY can protect your goods against unforeseen perils that can cause financial ruin. Here’s what you can expect from a renters insurance policy:
Renters insurance protects your possessions from such dangers as fire, vandalism, theft, storm damage, and other catastrophes. If your rental home or apartment is destroyed by fire, you could lose everything you own. Renters insurance helps cover the cost of replacing your goods so you can recuperate your losses and carry on. Renter’s property coverage protects you while you travel as well by covering damage or loss of property on the road, at the airport, or when staying at a hotel on vacation.
If you receive visitors for holidays or dinner parties, there’s always the risk of someone having an accident on your property. A simple slip and fall could result in a broken bone or stitches at the local hospital. Liability coverage pays for the medical expenses of visitors who have accidents on your property, so these costs don’t have to come out-of-pocket. If a visitor decides to sue you for damages, liability insurance helps pay for your legal fees, up to the limits of your policy.
Additional Living Expenses
A major disaster could force you out of your rental home until repairs are made. Additional living expenses coverage compensates you for such basics as food, hotel bills, transportation, etc., until you can return home again.
For more information about renters insurance coverage and costs, call or visit Acme Insurance Brokerage in Amityville, NY.