Renters Insurance

Finding an amazing NYC apartment takes time and dedication. Once you’ve finally found a place to call home, you need to ensure it’s protected against unexpected hazards. NYC renters insurance will give the peace of mind that comes with knowing your family, your home and your possessions are covered.

Why you need renters insurance

Renters insurance: You know you need it, but you might not have gotten around to actually purchasing it yet. After all, your landlord has insurance, right?

Think again. Your landlord’s insurance policy likely covers all communal areas of the building, as well as the exterior walls. But when it comes to your personal property, you need to obtain your own coverage.

Renters insurance protects your possessions and the interior of your apartment in case anything goes wrong. Plus, you’ll gain liability protection as well as additional living expenses if your apartment becomes damaged and unlivable.

Compared to other kinds of coverage, renters insurance is very affordable, with most protection starting at just a few dollars per month. If you can budget for a few fancy coffee drinks, you’ll have no problem affording NYC renters insurance. Though that cup of coffee might give you a brief hour of energy, rental insurance will give you peace of mind.

“For a few dollars in the short term, you’ll gain coverage of $25,000 or more, depending on your policy.”

How much renters insurance do you need?

To determine how much coverage you need, you should take an inventory of all your personal possessions. NYC renters insurance covers nearly everything you own, from your home computer to your furniture. There are a few limitations, but supplemental coverage is available for restricted items. The same applies to any business equipment you own.

Your NYC insurance policy also covers your spouse and immediate family members. Additionally, if someone else gets injured in your apartment, you’ll likely be covered by the liability portion of your policy. Even your family dog could be covered, as long as it isn’t an aggressive breed.

If you’re uncertain how much renters insurance you’ll require, your trusted agent can help you assess your needs. You’ll also need to determine if you want to be insured for the full replacement cost of your apartment.

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What are the risks of being uninsured?

When you choose not to purchase an insurance policy for your NYC apartment, you risk losing everything you own.

“If you can’t afford to replace your most expensive possessions, then you can’t afford to go without rental insurance.”

A policy will cost you a few dollars in the present, and could save you the cost of a new computer in the future. Not only does renters insurance protect your property, but it also covers you and your family members against lawsuits for personal injury. For example, if a neighbor slips and falls in your apartment, your policy will cover the resulting bills. Or, if your bathroom floods into your neighbor’s apartment, that damage is also covered.

Most renters insurance policies also cover additional living costs, should your apartment become uninhabitable, due to a fire, for example. That’s coverage for hotels, meals and more while your apartment is restored.

How to obtain affordable coverage

When you live in NYC, a policy’s affordability is just as important as its coverage. Co-Op Insurance has served New York residents for more than a century, so we understand the challenges you face as a renter. Plus, we’ve developed lasting relationships with nationwide insurance carriers, which means we can offer top-tier coverage at affordable rates.


Five Stars

Excellent customer service and quick response for any questions regarding my homeowner’s policy.

Patricia H.
Customer since 2014

You’re always quick to answer any questions that we have, and take care of anything we need.

Customer since 2016

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