Renter’s Insurance in New York

A significant amount of residents of New York City and the surrounding areas are renting their homes and apartments from the landlords who own them. Often, when a disaster or some other form of destruction damages a rental property, the landlord is covered by their insurance but the personal belongings of the renter are not. For this reason, it is important that anyone who is renting a home or apartment purchases renter’s insurance.

What is renter’s insurance?

When an individual purchases renter’s insurance, they usually do so to ensure that their personal belongings will be protected in the wake of a disaster on the property they rent. As previously mentioned, without renter’s insurance, the landlord will typically be covered but the renter will not if disaster strikes.

What does renter’s insurance cover?

Renter’s insurance aims to cover most of the policy holder’s personal belongings, including but not limited to damaged or stolen:

  • furniture
  • electronics
  • clothing
  • home appliances
  • other general items

However, it is important to be aware that renter’s insurance may not cover high-value jewelry, collectible items, or antiques. It is important to determine whether specific items require additional insurance protection when purchasing a renter’s insurance policy.

If you believe your renter’s insurance company is not giving you the appropriate compensation after filing a claim, contact us today.

The Law Office of Craig A. Blumberg is an experienced New York City insurance law firm. If you require quality assistance after having suffered property loss, please contact our firm to schedule a free initial consultation.