Renters Insurance NYC

NYC Renters Insurance Information

In NYC, NY, 70% of the population is renters.  This is higher than the New York average of 47%.  The median contract rent in 2007 in NYC, NY was $898.00.

NYC Renters Insurance

NYC Renters Insurance

It is very important for those who rent townhomes, condominiums, apartments or single-family detached homes to obtain renters insurance to protect their assets in case of fire, theft or similar mishaps. Apartment and condominium fires occur fairly regularly in many metropolitan areas, and New York City is no exception. A renter’s policy can protect your investments – but you must be able to choose a policy wisely to be sure that all your possessions are covered, and that you don’t purchase too much coverage. Renters insurance is surprisingly inexpensive. Nationally, the average cost for a renters policy is $189 per year, or about $16 per month.

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