Category: Renters Insurance

Many would agree that renters insurance is a wise investment for a relatively small price. However, as a renter, you should familiarize yourself with the items and scenarios where renters insurance wouldn’t provide coverage. Renters insurance covers any things. You are covered in the event of theft, some natural disasters, vandalism, and damage to your personal property. However, it’s best to read between the lines when it comes to what’s not covered under a renters’ insurance policy. 

Natural Disasters that Aren’t Covered

Although renters insurance covers damage from natural disasters like fires, volcanic eruptions, wildfires, and tornadoes, it doesn’t cover damage to your belongings caused by floods, earthquakes, and sinkholes. Many natural disasters are covered under a renters’ insurance policy, but it is important to ask if you have specific concerns about coverage when it comes to natural disasters. 

What Else isn’t Covered?

Damage from insects and rodents isn’t covered and your roommates’ belongings won’t be covered by your renters’ insurance policy. Also, damage to the exterior of your rental property wouldn’t fall under a renters’ insurance policy either. These are the details that renters should be aware of because there may be a need to purchase more insurance to meet a specific coverage need. Although theft is covered for items that may be stolen from your car, damage to your car itself wouldn’t be covered. 

Renters insurance covers many things, even spoiled food, but it is important to read the fine print and fully understand your coverage. Our team would be honored to help you navigate understanding renters insurance and choosing a policy that suits your situation. Our team at the Access Legacy Insurance Group of Brooklyn, NY is committed to educating our customers on the ABCs of renters insurance and how a standard policy works. 

If you are a renter and have renters insurance, you may wonder if you should have an inventory. Simply stated if you ever file a claim against your renter’s insurance you will be very happy that you took the time to make that inventory. The insurance company will accept it as proof of what you had. At Access Legacy Insurance Group in Brooklyn, NY, we work for ur customers and will go above and beyond to meet their needs.  As independent insurance agents, our customers have all of our loyalty. 

You may not think you have enough personal possession to warrant an inventory. You may think it will take too long to do an inventory. You may not have an idea where to start and where to store an inventory if you did one. All of these are minor issues and very easy to overcome. You will thank yourself if you need to file a claim with your renters’ insurance. 

Imagine your apartment has been destroyed by a fire or a tornado. There literally may be nothing left but a pile of rubble. It is devastating and now in order to get your possessions replaced you need to tell the insurance company what you had. That is adding trauma to your trauma. Creating an inventory will take some time, but you will thank yourself for doing it. 

Begin in whatever room you prefer and just write down all the items you have. Open drawers and closets and provide as much detail as possible. If you have sales slips or receipts attach them along with photos of every room. Then find a safe place, the cloud is a good option, to store the inventory. 

If you are ready to discuss renters insurance and your need for an inventory contact Access Legacy Insurance Group in Brooklyn, NY. 

When considering renters’ insurance, it may seem like a simple solution, but the terms could confuse you. The most common terms in a renters’ insurance policy are perils and liabilities. These are two different things. At Access Legacy Insurance Group, we are serving Brooklyn, NY with renters’ insurance. 

Learn more about what these confusing terms mean.

Perils in Renters’ Insurance

In Brooklyn, NY, there are several perils you could be subject to just because of where you live. Perils are defined by something that is a risk that causes loss. The risk could be a natural disaster or a fire or explosion that causes smoke damage. 

The risk could be anything that that is a risk that you did not exposes yourself to. If you drop a priceless vase on the floor, that is not a peril.

So you can file a claim under perils in your renters’ insurance after storm damage, natural disasters, and even some crimes. If your unit is on the first floor, flood damage may not be covered. Water damage that seeps through walls might be, though.

Liabilities Covered in Renters’ Insurance

Liability coverage is standard coverage in almost every insurance policy type. This coverage will cover you if something bad happens in your home, and you are legally liable or responsible for those damages.

It can also cover you when you are sued for something. This may not even cover you at home. If you are on vacation and something happens, and you are found to be liable, your legal bills could be covered for that as well.

Your insurance agent can walk you through the kinds of perils and liabilities that your policy covers.

Get a Free Quote

When you are considering renters’ insurance, you want to know that it will be worth it and cover everything you are worried about. It will. Access Legacy Insurance Group LLC, serving Brooklyn, NY, can walk you through your insurance policy’s perils and liabilities clauses. Call us for a free quote today.

Brooklyn, NY is a trendy place for people to move to. This is a fun area of New York City and offers many amenities and access to plenty of professional opportunities. If you want to move to this area of New York, renting could be a good option. If you do rent, you still need to get proper insurance before moving in. 

When Signing a Lease

A common scenario in which you will need to have renters coverage is when you sign a lease. Many landlords in the Brooklyn area always require that tenants carry renters insurance coverage. When you have this protection in place, it ultimately ensures you have the ability to pay for damages if you cause an accident and can replace your personal assets if there is a fire. Due to this protection, landlords will almost always require coverage. 

When Trying to Protect Assets

You will also want renters insurance to protect your assets. If you are moving into a new home, you will likely keep some personal assets under your roof as well. When you have renters insurance, you will have coverage to repair or replace items, including furniture, clothing, and small appliances. 

There will continue to be many situations when having renters insurance will be needed in Brooklyn, NY. If you would like to get a renters policy in this area of the state, you should call Access Legacy Insurance Group. There are a lot of situations when calling Access Legacy Insurance Group could be helpful. Due to the complexities of picking this insurance, speaking with them can be an ideal option due to the guidance and service they can provide to you to ensure you pick the right policy that meets your needs.