How Does Renter’s Insurance Work?

If you are currently residing in New York City, there is a very good chance that you are renting, instead of owning a place to live. Living in the city comes with several perks, including thousands of restaurants, retail stores, and more all at your fingertips. Unfortunately, the city is not without danger, and if you find that your home has either been damaged or burglarized, you may be in serious financial trouble. That is why so many people purchase renter’s insurance. To learn more about renter’s insurance, and what to do if you believe your insurance company is taking advantage of you, read on and reach out to our experienced renter’s insurance claim attorney today. Here are some of the questions you may have:

What is the function of renter’s insurance?

Generally, landlords and other property owners have insurance that covers both their property and the assets in their homes. However, if you are someone who chooses to rent instead of own, you may have several personal belongings that are not insured. Fortunately, to protect some of your assets from disasters, you may acquire renter’s insurance.

What is protected under renter’s insurance?

Renter’s insurance protects many of your cherished possessions from disasters, however, in some cases, you may even wish to purchase additional insurance for the property you rent. However, this oftentimes costs an additional fee upwards of $300 a month. In fact, your renter’s insurance may cover up to $50,000 worth of damage if a fire or flood damages your property. When you purchase renter’s insurance, furniture, electronics, clothing, home appliances and more are generally protected if damaged or stolen.

However, renter’s insurance does not cover all possessions. For example, collectibles, antiques, jewelry, and more are oftentimes not covered under a renter’s insurance plan, which is why many people purchase additional insurance protection.

If, however, you find that your insurance company refuses to cover the damage for something you believe should be covered, you must make it your utmost priority to contact an experienced renter’s insurance attorney. Our firm has fought insurance companies to help our clients receive favorable outcomes for years. If you are in this unfortunate situation, you know where to turn. The Law Office of Craig A. Blumberg P.C. is ready to help.

Contact our experienced New York City firm

The Law Office of Craig A. Blumberg is an experienced New York City insurance law firm. If you require quality assistance after having suffered a property loss due to a fire, a flood, a severe storm or a robbery, please do not hesitate to contact our firm to schedule a free initial consultation. A knowledgeable attorney on your side in your time of need can make all the difference.