Too often, renter’s insurance is ignored and overlooked, being deemed unnecessary. Renters assume that they are covered under their landlord’s homeowner’s policy and ignore the need, sometimes to their detriment. Though it is not required by law in New York, renter’s insurance is an absolute necessity if you rent a home and have belongings that you want to protect.
At times your landlord may require that you have it, which is his right, but it should honestly be something you choose to get with or without their requirement. Why? The answer is straightforward: your landlord’s policy covers the structure- the physical home- not the items inside of it. This means that if a fire breaks out that burns all of your possessions, your landlord’s policy will not cover it. Instead, you will be stuck replacing them yourself, which will not be any fun if you do not have the funds to do so.
There is another reason you should seriously consider renter’s insurance: liability. There are never any guarantees in life. Things might be beautiful one second when suddenly, your neighbor’s kid who is playing with your kids breaks his or her arm on the trampoline. Or maybe you order a pizza, and the delivery guy slips on black ice in your driveway. Suddenly, you are being sued for the hospital bills, and you have no money to pay.
We here at L M Insurance & Financial Services LLC want to make sure our New York family do not find themselves losing everything they have worked hard for. We are ready, willing, and able to help you build an insurance policy to fit your family, your needs, and your budget. When you are prepared to purchase renter’s insurance, contact a trusted agency. Give L M Insurance & Financial Services LLC a call or stop by our office in the Bronx, NY today for your free no-obligation quote!
Please note that insurance carriers and coverage limits vary by state.