Welcome to the Effective Coverage Long Island, NY Renters Insurance Guide. We create these guides because we know you have choices as to where you buy your Long Island renters insurance, and we want you to be an educated consumer of insurance. Only about forty-four percent of people have New York Renters Insurance, and that number needs to increase. Part of improving the number of insured renters is education. There are many incorrect ideas floating around about Long Island renters insurance, and we’d like to help clarify some of them.
To start with, many people think that Long Island renters insurance must be expensive… And so they’ve never bothered to ask a Long Island insurance agent how much it costs, or if there are discounts. There absolutely are discounts, and Effective Coverage always puts all applicable discounts on policies – we believe you shouldn’t have to ask for discounts to which you’re already entitled. As far as the actual cost goes, Long Island, NY renters insurance generally costs as little as fifteen dollars a month. Effective Coverage is able to offer such amazingly low pricing because of our special relationships with underwriters, and because of the number of policies we work with. As the nation’s only full-service insurance provider focused on the insurance needs of renters, we’re able to get you the best pricing along with the best service.
Effective Coverage is staffed by Long Island renters insurance experts who undergo continuing education on an ongoing basis. As a result, you know you’re working with someone who can give you the right answer to your questions and help you find the policy that meets your needs. Since each policy is customized for an individual or family, you know your coverage will work for you when you need it the most.
Take a look through some common questions below, review our Long Island, NY Renters Insurance Guide, and then call or click to get covered today.
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Long Island, NY Renters Insurance
Does Long Island, NY Renters Insurance Cover My Property When I Travel?
Yes! The standard Long Island renters insurance policy says that it will “cover personal property owned or used by an insured while it is anywhere in the world.” So if you take your laptop with you on vacation, for example, you’ve got coverage if you need it.
Long Island renters insurance also covers property of guests in your home. “At your request, we will cover personal property owned by others while the property is on the part of a residence premises occupied by an insured, or a guest while the property is in any residence occupied by an insured.” That means that if Uncle Morty comes for Christmas and brings his laptop, it could be covered while at your home. You just have to let the insurance company know that you want the claim to be covered.
What Are Special Limits Of Liability On Renters Insurance In Long Island, NY?
Special limits of liability are also known as sub-limits. They define specific limits for certain classes of property. Often you can add an endorsement to change these, but here are a few examples of common sub-limits:
Money is only covered up to $200.00, because there’s no real way for you to prove that you did or didn’t have a given amount of cash at any given time. By definition, cash is not logged in any system anywhere. Insuring cash would create a moral hazard, potentially encouraging a certain subset of insureds to inflate their losses.
Jewelry is covered up to $1,000 or $1,500, depending on the underwriter. This limit can be increased by endorsement easily, and it’s usually a good idea to do so if you have any significant jewelry. It’s also a good idea to have receipts and/or appraisals for said jewelry, and keep them off site in case there’s a loss that would damage the documentation as well.
As long as you’re aware of these limits, and endorse appropriately where needed, they’re not something to be concerned about. You can read all of the sub-limits in your policy, or you can get clarification by reaching out to a Long Island renters insurance expert.
What Property Is Not Covered By Long Island, NY Renters Insurance?
While there’s a list of excluded property in your policy document, here are some big ones to take note of:
Articles separately described and insured are not covered because they’re insured elsewhere. You can’t get double coverage by having two policies on the same piece of property. Insurance is designed to make you whole, not make you a profit.
Animals, birds, or fish are not covered. Broadly speaking, pets are not considered to be personal property for these limited purposes.
Motor vehicles are not covered, though items stolen from your car could be covered.
Property in an apartment rented out to others by the insured is not covered. If you sublease your apartment, your personal property remaining in that apartment you subleased is not covered. It is possible to carve back some of that coverage with certain endorsements, however. That’s a conversation you should have with your Long Island renters insurance expert.
Does Long Island Renters Insurance Pay To Clean Up After A Fire?
Yes. “your reasonable expenses for the removal of debris of covered property if a peril insured against causes the loss.” In other words, after a fire, insurance would generally pay for the reasonable costs of removing the debris of the damaged property. It is, of course, the responsibility of the building owner’s coverage and/or your liability coverage to handle cleanup of the structure itself.
These are just a few of the ways that Long Island renters insurance protects you. To learn more, call a renters insurance expert at Effective Coverage today, or click above. You can be protected in just minutes!
Renting In Long Island, NY
Long Island, NY is an island, located in New York State, which happens to be rather long. Now that we’ve gotten the obvious out of the way, what about living and renting in Long Island?
Long Island actually encompasses Kings County, Queens County, Nassau County, and Suffolk County. The latter two are farthest from the mainland. Almost eight million people live on Long Island, which is the longest island in the continental US. LaGuardia and JFK airports are on Long Island, in Queens.
In the early 20th Century, Charles Lindbergh left for his well-known flight from Long Island. Shortly afterwards, a period of rapid development ensued. Instead of woods and farms, developers came and built suburban towns that would become home to many of the NY metropolitan area residents. Even this early, the Long Island Railroad was allowing people easy access back to the city, and many residents commuted and still do. When the GI Bill offered an easy way for returning soldiers to buy homes after WWII, these suburban neighborhoods were quickly snatched up and the population increased drastically. This is also the period in which simplified “cookie cutter” developments such as Levittown began to be introduced, increasing the number of homes that could be built.
Early industry on Long Island included aviation, and Grumman and Curtiss both had their offices and factories on Long Island. Today, the economy centers around technology. Companies like Motorola Mobility and Computer Associates bring good jobs, and many jobs are also attributable to the research work done at SUNY Stony Brook.
While it’s difficult to generalize the entire island, Long Island City, NY has a median household income of $126,000. The farthest two counties have a median home price of about $400,000. It’s actually cheaper to rent in New York City proper than in Long Island, in many cases, but that doesn’t mean people don’t do it. Roughly twenty percent of homes are rentals on Long Island, and the median rent is $1,682. That’s almost as much as the median rent in San Francisco. There’s also heavy competition for those rentals, so when you find the perfect one, act quickly.
Once you’ve leased the perfect apartment, make sure to protect it with Long Island, NY renters insurance from Effective Coverage. Our renters insurance experts will get you covered in no time at all with an affordable policy that provides the protection your family deserves. You have the time right now, use it to make sure your family is safe.