If you are a tenant in New York, it's an excellent way to live in convenient, urban areas. However, risks like theft, fire, vandalism, and others aren't far from you since you live with other tenants. As such, you need renters’ insurance from Kinowski Agency Inc. to protect yourself and the assets.
Is renters’ insurance needed in New York?
No law in New York requires you to purchase renters’ insurance. However, some landlords may require renters’ insurance before you let their property. But whether renters’ insurance is compulsory or not, every tenant needs this coverage.
What does renters’ insurance cover?
Ready to invest in renters’ insurance in Amsterdam or Johnstown? Here are the areas covered by renters’ insurance:
- Personal assets: You may not think that your assets are valuable, but if you take a home inventory of your assets, you will be surprised by how valuable your belongings are. Renters insurance covers your assets when perils like theft, fire, and other perils strike. The beauty of renters insurance also covers you while on the go. For instance, if your car is broken into while parked in the shopping mall and your laptop is stolen, renters’ insurance will compensate you for the loss.
- Liability coverage: Renters insurance protects you when accused of bodily injury or property damage by other people. For instance, liability coverage will pay for the damages if a fire spreads from your apartment to nearby houses. Similarly, liability coverage safeguards you when your pet or family member inflicts property damage or bodily injury to others.
- Loss of use: If a covered peril makes your dwelling unlivable, renters insurance covers the additional living expenses when you settle in a temporary shelter as your dwelling undergoes repairs. This means renters insurance covers expenses like hotel accommodation, food, and laundry until your home becomes livable again.
Whether you are a first-time renter or looking for a competitive renters insurance quote, you can count on Kinowski Agency Inc. of Amsterdam and Johnstown for all your renter's insurance needs. Contact us today to get the conversation started!
While our offices are located in Amsterdam, NY & Johnstown, NY, we serve our clients all across New York.