You’ve probably heard of homeowners’ insurance, but why do you need to be insured if you’re a renter? Most landlords require tenants to purchase some form of renters’ insurance. This isn’t just to cover their own liability in the event of a claim — renters’ insurance protects tenants, too. Here are a few reasons you should take out a policy if renting in New York.
Renters’ Insurance Helps Protect Your Possessions
One of the main purposes of renters’ insurance is to reimburse you for the cost of lost possessions in the event of a break-in. If someone steals your personal property, a renters’ insurance policy helps pay to replace it (as well as for damage to the building itself, such as broken windows or locks).
It Might Cover Personal Liability
Many renters’ insurance policies include personal liability coverage. Did someone slip on your icy doorstep? Did you unintentionally harm a houseguest? Renters’ insurance may protect you from liability, which means that you won’t be on the hook for someone else’s medical bills.
It Might Give You An Extra Place To Stay
Sometimes, the circumstances of your rental can become temporarily unlivable. For instance, a flood could damage your home, or you could encounter a mold problem that makes staying there unsafe. Your landlord will be responsible for repairs, but your renters’ insurance may cover temporary housing until you can safely return home.
New York Renters’ Insurance With Kimberly J Brennan Agency
Kimberly J Brennan Agency helps people find the renters’ insurance they need in the greater Patterson, New York, area. If you’re a Patterson resident, contact us today to find the right policy to protect yourself and your property.
