What You Need to Know About Renter’s Insurance in NYC
Many individuals who live in New York City rent apartments, and if you are someone who lives in an apartment, there is a very good chance that you have purchased renter’s insurance. Renter’s insurance is designed to protect your assets, should your apartment ever be burglarized or your assets are otherwise damaged. Fortunately, many of us never have to worry about using this insurance, however, if you find yourself in a situation where you need the insurance, though you believe your insurance company is refusing to give you the compensation to which you are entitled, our experienced NYC insurance law attorney can file a renter’s insurance claim on your behalf. Please read on to learn more.
Why purchase renter’s insurance?
This form of insurance will allow you to protect various belongings that otherwise would not be insured as a renter. Should anything happen to those belongings, your insurance should cover the cost.
Which assets are covered by renter’s insurance?
This form of insurance often costs renters a pretty penny, which is why they expect it to cover all assets damaged or stolen in such an event. Unfortunately, this does not always happen. In many cases, you will have to even purchase additional insurance, which can cost $300 or more per month. While in many cases, this form of insurance covers up to $50,000 worth of damage in a fire or flood, this is not always the case. For example, furniture is generally included in the insurance, however, antiques, jewelry, and other collectibles are generally not covered in these plans. If you have not purchased additional insurance, you may be out of luck if those possessions are stolen or damaged.
That being said, if you have purchased this additional insurance, or you simply believe that your renter’s insurance policy should cover something that your insurance company is telling you they do not cover, you may very well have a valid claim against your insurance company. In many cases, these companies deliberately include vague, broad language that does not accurately reflect what should and should not be covered under their plan. In many cases, after being denied coverage, our experienced insurance law attorney can help fight for the coverage you deserve and need. All you have to do is give our office a call.
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.
