Renter’s Insurance, often referred to as tenant’s insurance is exactly what it sounds like. It is insurance for someone who rents or leases a dwelling against the loss or damage of their personal possessions due to any of the perils listed in the policy. It is also for personal liability. Renter’s insurance is readily available throughout New York from most insurers. The DePaulo Agency serving the area of Scotia, NY is no exception and is available to assist you to find a comprehensive policy to suit your needs.
Landlords are required, by law, in NY to have insurance on their properties. When renting, assume that you need an insurance policy for your possessions. These types of policies are usually quite reasonably priced.
When purchasing renter’s insurance, take a complete inventory of your possessions. Establish the value of your items and the replacement cost. When reading through the policy check to make sure you are covered against any kind of loss.
A benefit of some renter’s insurance policies is that your items are covered even when you are away from home with them. It will be outlined in the policy structure.
Renter’s insurance may also include coverage against liability if someone should become injured while on your premises and cover their medical bills. It is an excellent option to include.
An important aspect of renter’s insurance is something called Loss of Use – this will pay for you to live somewhere else if your home has become unlivable due to damage.
If you rent in the Scotia, NY area, then be sure to contact the DePaulo Agency today and find out how you can best protect your possessions.