Is Your Renters Insurance Lacking?

Staten Island Renters Insurance
Posted on: October 21st, 2015

Ensure that your renters insurance has no-gap coverage.

While living under someone else’s roof can take away the pressure of building maintenance, it leaves you and belongings vulnerable if you don’t maintain the proper protection. Your landlord will most certainly have landlord insurance which will cover all sorts of damage to the property itself, but provides no protection for you.

Welcome renter’s insurance! Purchasing a policy means that you do not have to foot the bill when your belongings are stolen, damaged in fire, vandalism, or from natural disasters. In addition, you do not have to worry about medical bills and lawsuit expenses if someone was to be injured on the property.

Sufficient Coverage

When purchasing renter’s insurance, you should ensure that all of your belongings are protected, otherwise the point of having insurance is all for naut. Take an inventory of your belongings and determine the value of all of your possessions. That way, you have a figure in mind of ideal financial coverage. If you own expensive jewelry, sporting equipment, or fine art, you may need to purchase additional coverage for the high value of your belongings.

Exclusions to Note

Typical renter’s insurance policies do not provide protection against floods or earthquakes. Flood insurance and earthquake insurance policies must be purchased in addition to renter’s insurance. While you may think you’re safe in a high-rise building or waiting to purchase insurance until an earthquake is predicted, note that floods can destroy building structure, and that a policy usually takes 30 days to come into effect.

For quality renter’s insurance in the Staten Island, New York area, visit The DiForte Agency. We handle all of your insurance needs to suit your budget and location. Contact us today!

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