Protect Your Possessions in Your Rented Property with Manhattan Insurance

Renters are far more likely to be burgled than homeowners. According to the US Department of Justice, 79 per cent of house burglaries are in rental properties, yet less than half of America’s renters have tenants insurance, as shown by data compiled by the Insurance Information Institute. This is compared with the 96 per cent of homeowners who have property insurance. In order to be properly covered while renting a home, you need a solid Manhattan insurance policy.

As you’d expect, a very high percentage of NYC residents are renters. Those who believe that the landlord’s insurance policy will cover their personal possessions are wrong – unfortunately landlord’s insurance only covers the building. Renters’ insurance covers theft of your belongings, and also provides liability coverage. This means that if a visitor is injured in your apartment, your Manhattan insurance policy may cover your medical expenses and the costs of any lawsuits taken out against you.

Do an inventory of all your possessions. You might be surprised at the value of everything you have in your home. Then decide whether you want actual cash value coverage or replacement coverage on your Manhattan insurance policy. Actual cash coverage is cheaper but only covers you for the depreciated value of your possessions whereas replacement coverage should completely replace your items. Renters coverage isn’t as expensive as you might think so if you’re been delaying, call us today instead of delaying any longer. With Miller & Miller Insurance, we’re here for you!

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