Renters Insurance NYC | Free Renters Insurance Quote
The average renter has approximately $20,000 in possessions. Landlords insure the building in the event of damage to their property; however, their insurance policy will not cover your personal items lost due to theft or damage from fire, lightning, smoke, windstorms, hail and vandalism. The proper NYC renters insurance also provides liability coverage and protection against lawsuits and medical bills of guests that may get injured in your apartment. Coverage is inexpensive and comprehensive and can also cover living expenses should you be forced to live elsewhere due to a covered loss.
According to the U.S. Department of Justice, a rented property is 80% more likely to be burglarized than an owned property. If your possessions are lost due to theft, fire or certain weather-related causes, you would likely be on your own to replace them if you’re without renters insurance. Fill in the form below to get a quote on renters insurance in NYC.
NYC Renters Insurance Quote
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. That’s because you are not insuring a building. Like all property/casualty policies, the value of your property to be insured and other risk factors are weighed by the insurance company to determine your premium. You may get a discount if you purchase auto insurance and renters insurance from the same company. Your insurance agent or company representative can help you find the best combination of coverage and cost.