Questions All People Considering Renters' Insurance Should Ask

Renter's insurance can make all the difference. If you choose the right one, that is. To start - the biggest mistake you could make is not purchasing any at all. Second, these important questions will help guide you toward a good decision. 

Ask what's covered. Policies will cover a bulk of your personal property but different belongings hold a different value for everyone. For items not on the list, consider purchasing additional coverage. 

Know what "perils" are covered. Similar to the above, policies tend to cover theft, fire, water damage and similar conditions. It's important to know what's not covered so you can take proper action to avoid them. 

Talk out all the details on liability. If someone gets hurt in your apartment, who pays for the injuries? This can be slightly different depending on the reason for the person's stay. Are they visiting? Do they work there full time? Are they subletting? It's important to understand every detail. 

Inquire about the company's age. An insurance company that has been in business for quite awhile is better informed on the area and is more committed to helping you protect yourself and your home. While it is not the most important aspect of your decision, it is definitely helpful to know. 

For a complete list of important questions to ask, click here »

Don't be overwhelmed! Building regulations and city codes are meant to protect you from unsafe living conditions as both a renter and an owner. As always, report unsafe conditions by calling 311. 

AM & Associates has been providing special inspection and engineering services to NY for over 30 years. Call us today at 212.867.6720 and connect with us on social media. 

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