Tag Archives: renters

Protect Your First Apartment with Renters Insurance

Protect Your First Apartment with Renters InsuranceSo you have finally decided to make that big move to your very own apartment. For the first time in your life, you will be living by yourself – no roommates, no parents, no siblings. You have complete say over the space, décor and furnishings. Although you may think that you are in total control, there are events that can occur that you may have absolutely no control over.

Some of these events can include a neighbor’s candle starts a building fire, someone breaks into your apartment, or a kitchen pipe bursts causing severe water damage. These are all instances that unfortunately occur. Many people are under the impression that their landlord’s policy will cover them. However this is not the case – a landlord’s policy will only cover their building, not their tenant’s belongings. This is why you should consider a policy of your own.

The most common occurrences that a Renters Insurance policy would cover are:

Below are some additional benefits of having a Renters Insurance Policy:

  1. Personal Liability: protects you if you are found legally responsible for injuring someone else or damaging someone’s property
    • It will cover your legal fees
    • If you are found negligent, it will also cover any legal settlements up to your coverage limit
    • Medical payments to others – provides payment of medical expenses for guests who are accidently injured in your home regardless of fault
  2. Personal Property: It will cover most of your belongings, including:
    • Furniture
    • Appliances
    • Clothing
    • Electronics
  3. Loss of use: If your apartment is uninhabitable due to a covered loss, the policy will pay for any additional costs incurred such as Temporary housing
    • Additional grocery/ restaurant bills
    • Cost of moving your personal property to a storage space

With all these benefits included in Renters Insurance you may think that the cost of a policy is astronomical. However, Renters insurance is one of the most affordable coverages that you can purchase, averaging under $20 a month. So why wait for something unfortunate to happen before you consider it? Get it now, and save yourself from any regrets!

Phone: 516-419-5050
Fax: 516-871-0691

Ask Sherri: Renters Insurance and Liability

Moving into an apartment is a big first step for many of today’s young working class and students, and is an unfamiliar experience for anyone who has never lived on their own. It will bring on new responsibilities which can be overwhelming for some, and may lead them to forget about resources that are available to protect renters.
 
In this episode of Ask Sherri, we show you how Renters Insurance can protect policyholders if an accident were to happen outside of their apartment. This kind of coverage is better known as Liability, and is one of the many benefits of a renters policy.

Give us a call or contact us by e-mail if you have any questions!

Phone: 516-419-5050
Fax: 516-871-0691