Huntington, NY renters insurance isn’t something that people generally give much thought to. Some think it’s too expensive, some think it’s too complicated, and some just don’t think they need New York Renters Insurance. Only forty-four percent of renters in New York have coverage. As part of our core values, we work to educate renters in New York and across the country how important renters insurance in Huntington, NY can be, and how affordable it can be.
We find that many of the same questions about Huntington renters insurance are asked frequently, and so we bring you the Huntington, NY Renters Insurance Guide. Effective Coverage is the only full-service insurance provider dedicated to meeting the insurance needs of renters, so if you still have questions, reach out to a friendly insurance expert for answers.
Huntington, NY Renters Insurance
Can I Afford Huntington, NY Renters Insurance?
Yes! While this city can be expensive to live in, Huntington renters insurance is not expensive. The average is around fifteen dollars a month, and many Effective Coverage policies cost far less. The real question is whether you can afford to be without the coverage. To get an idea how devastating an apartment fire can be, look at the hundreds of units that burned to the ground at Avalon at Edgewater recently, just across the river.
Even those residents who still had an apartment to go back to spent several days in a hotel and had significant expenses dealing with smoke and water damage. Those people were the lucky ones, in the second building that didn’t catch fire. Huntington, NY renters insurance covers hotel expenses related to a covered loss such as that fire, as well as covering property that’s destroyed in a covered loss.
Will Renters Insurance In Huntington, NY Protect My Family?
Do they live with you? If so, then yes, Huntington renters insurance protects your family. If they’re a resident spouse, resident relative, or a minor child for whom you’re responsible and who resides with you, coverage extends to those people under the definition of named insured per the policy document.
If you have out of town family that comes to visit, your personal property coverage can be extended to cover their property while they’re guests in your home. While they should have their own policy in their home city, your coverage protects their things when they’re staying with you.
Even if you have roommates living with you instead of family, roommates can share renters insurance in a number of different ways. We linked that statement to a full explanation because it has to be done properly.
What Are Some Sample Coverage Limits On Renters Insurance In Huntington, NY?
While the coverage on your Huntington, NY renters insurance policy needs to be customized to your specific lifestyle and needs, there are some combinations that we see frequently. First, let’s touch on what the coverage does. Personal property protects things you own from perils named in the policy. That includes risks such as fire, wind, theft, vandalism, and many more.
Liability protects you if you cause property damage or bodily injury to someone else. That could be through a fire caused by your negligence or something as simple as closing the door behind you when you enter the building and accidentally catching the neighbor’s hand in it. Medical payments to others coverage is a no-fault coverage for if someone suffers a minor injury on your premises. Loss of use coverage protects you by covering expenses for alternate accommodations and related costs after a covered loss such as a fire.
That brief summary aside, Huntington, NY renters insurance generally starts at $15,000 of personal property, $100,000 of liability, $3,000 of loss of use, and $1,000 of medical payments to others coverage. In the real world, $30,000 is a more appropriate starting point for personal property. Loss of use, in that case, would adjust automatically to $6,000. Liability generally would be increased to $300,000. Medical payments to others should be increased to $5,000.
Why do we say “should be?” You’re not per se obligated to increase liability or medical payments on your Huntington renters insurance when you increase personal property coverage, but there’s very little reason not to. Both types of coverage are extremely inexpensive. On an average Huntington renters insurance policy, you might find that maxing out both at $500,000 and $5,000 respectively would only increase the premium by about twelve dollars a year. That’s a dollar a month. The coverage is so inexpensive that it just makes sense to get as much as you can.
Ultimately, the decision as to how much coverage should be on your Huntington. NY renters insurance is on you. You know your property, and you have an obligation to yourself to insure it to its full value. Remember that personal property coverage generally comes with replacement cost, so you get the amount of money you need in order to go out and buy a new item of like kind and quality to replace the one that suffered a loss.
Still have questions about renters insurance in Huntington, NY? Reach out to one of our friendly renters insurance experts or quote online in just minutes.
Renting In Huntington, NY
With a population of over 200,000, Huntington, NY is rapidly growing. Many of the new residents are people who have decided to leave Manhattan in order to raise a family or for other personal reasons. The average home value here is north of a half million dollars, but the average rent is just $1,511. Renting in Huntington, NY is well within the range of most local families, and many choose to.
Renting in Huntington also frees you from the concerns of maintenance and worries about external appearances of the home earning you a letter from the dreaded HOA. As homeowners associations in planned communities in and around Huntington have increased in prevalence, the number of renters has somewhat increased as well. There’s certainly a correlation to be made, if not a causal relationship. Perhaps renters seek the benefits of an HOA community but without the risks and potential fines that go with owning property deeded that way.
Huntington was founded on the North Shore of Long Island in 1653 and has grown rapidly since then. Businesses choose to locate here because of the strong local economy, the availability of workers, and the general business climate of New York. For example, Sbarro’s has their headquarters in Huntington. And perhaps you’ve heard of Aer Lingus, the Irish airline? Their North American operations are based in Huntington, as well.
If you’re of a certain age, you may remember the sitcom Growing Pains. It was set right here in Huntington, though there is no Robin Hood Lane to be found in the city.
Oheka Castle, formerly home to a philanthropist long deceased, is located in Huntington. Its grounds and services not only offer luxury, but have been featured on film as well. Royal Pains, most famously, made Oheka Castle the home of Boris Kuester von Jurgens-Ratenicz, and the building was also featured in Taylor Swift’s music video for “Blank Space.”
Huntington is a safe place to raise a family, with access to plenty of culture and history. Bad things tend not to happen often here. But you still need to protect yourself with Huntington, NY renters insurance from Effective Coverage. One call to (800)892-4308 or a few clicks can have you covered in minutes for just a few cents a day.