24% of New York Residents Rent!
Are you one of the 24% of NY state residents who rent? The number varies widely based on where in the state you are. If you’re renting in New York City, obviously so are the vast majority of NYC residents. As a matter of fact, New York City is the only major city in the country with more renters than homeowners.
From New York City to Albany to Buffalo, Effective Coverage is dedicated to helping insure New York renters. It probably surprises you that there is a company that specializes in helping tenants get renters insurance in New York. Effective Coverage’s focus is to ensure that renters get a great price on great coverage. Effective Coverage knows that when it comes to insurance a renters needs are different than a home owner. Our job is to provide you with the best deal on your New York renters insurance. No other provider has such a laser-like focus on renters. We think it is about time that renters get an insurance provider just for them!
Why Do I Need Renters Insurance In New York?
In a town as expensive as New York City, most renters are stretched so tightly that they have no extra savings to pay the extra expense of a catastrophe. But when you have hundreds of tenants in the same building, the actions of one tenant can spread quickly to affect others. Whether you have a kitchen fire or your neighbor lets his bathtub overflow, New York renters insurance can help you replace those belongings quickly and without out-of-pocket expenses other than your deductible.
What happens if you start the fire though? Not only have you damaged the apartment building, for which you’re responsible, but you’ve also caused damage or injury to the other tenants around you! This is where New York renters insurance liability comes into play. By having liability coverage on your renters insurance in New York, you have a way to pay for the damages to the building and the other tenants. Fifteen dollars a month certainly beats the risk of paying for those losses for the rest of your life!
Elsewhere in the State, people are finding that New York renters insurance helps them to rebuild after a fire. Since forty-four percent residents have coverage, a fire in Monsey that displaced two hundred people finds that eighty-eight of them have coverage and can quickly start their lives over again with minimal disruption. The rest is largely wondering what they’re going to do. See how Monsey, NY renters insurance helped these residents.
Doesn’t The Owner Insure The Building?
Of course the owner insures the building. That covers his liability and damages that can’t be attributed to a tenant’s negligence. Ultimately, if you cause a fire, chances are that the landlord’s insurance will pay out and then come after you for the money it paid. The problem is that you don’t have that money. New York renters insurance liability coverage takes care of that and even helps to defend you against the lawsuit that you’re likely to face.
How Does New York Renters Insurance Protect My Personal Property?
Renters insurance in New York protects your personal property against several common perils. The most common of them are fire, smoke, water, and vandalism. If your neighbor upstairs has a fight with his girlfriend and she plugs the tub and leaves the water running to get back at him, the water coming into your apartment is a covered peril. The same applies to broken pipes.
If another neighbor has a fire, the smoke from that fire is a covered peril. If you rent in New York, you probably work in an office job where you’re expected to maintain certain standards of dress. Showing up to work in a smoke-laden suit is not in line with those standards. Because you have New York renters insurance though, smoke is a covered peril with regards to personal property. This means that you can have the suits cleaned or replaced under your own coverage, and your New York renters insurance will go after whomever is responsible for the fire after you get your new suits. Instead of sorting all that out, you get to go back to living your life almost as if the loss had never happened!
How Much Does Renters Insurance Cost In New York?
Renters insurance in New York is cheap. For $10-$12 a month, you can get $15,000 of personal property coverage and $100,000 of liability coverage. The limits go up from there to wherever you need them to, but that’s a pretty standard example policy. You can hardly even get your morning breakfast for ten bucks in New York anymore! New York renters insurance is not expensive, and it’s something everyone needs. Maybe you’ll never cause a loss, but can you swear that your neighbor will never cause a problem that affects you? Not likely.
New York renters insurance protects your personal property from things that you are responsible for and from the negligence of others. Renters insurance in New York also provides you with liability coverage to make sure you can make good on negligent damage you cause to someone else. It’s an inexpensive way to cover yourself, and everyone needs New York renters insurance.
Where Can I Find Renters Insurance In New York?
You’re in luck! You’re halfway there already! Effective Coverage offers New York renters insurance to protect you at reasonable prices. Call Effective Coverage at (800)892-4308 or click above for your instant New York renters insurance quote!