A Renter's or Tenant's policy provides Personal Property coverage together with Liability insurance protection in a single policy. Personal property can be covered on either a named peril basis or open peril basis. Loss of Use/Additional Living Expense is also included. It is extremely important that your personal property be covered for its' full replacement values. This policy typically excludes Flood and Earthquake. Both are available to be purchased either separately or through an addition to your policy.
Liability Coverage provides protection for bodily injury and property damage to third parties resulting from the named insured's negligence. Many insurance carriers will provide this coverage on a worldwide basis.
Our Personal Lines Department is available to assist you with all of your personal insurance needs. In addition to a Renter's or Tenant's policy, we can also assist you with coverage for a vacation home, motorcycle, ATV, snowmobile, watercraft or recreational vehicle.
If you are interested in obtaining a premium quotation, please complete the application or call us at (212) 490-8511 for more information.
Basic Coverage
Personal Property
Loss of Use / Additional Living Expenses
Personal Liability
Medical Payments
Optional Coverage
Earthquake
Flood
Personal Excess Liability
Valuable Items
Additional Living Expense
Provides coverage for costs incurred in maintaining your normal standard of living in the event a covered loss renders your dwelling unlivable.
Flood Insurance
The National Flood Insurance Program (NFIP) has made Flood Insurance coverage available for most of Homeowner's, Unit Owner's, and Renter's. A NFIP Flood Insurance policy can provide up to $250,000 of Dwelling coverage and $100,000 of Personal Property coverage in the event of a flood. Some individual carriers also offer their own flood programs with different and/or broader coverage's.
Personal Excess Liability
Provides protection against catastrophic lawsuits. This coverage provides large limits of liability which are in addition to the sums that are available from your personal automobile and/or other personal liability policies. Coverage limits are available in million dollar increments.
Valuable Items
All forms of Homeowner's policies have limited coverage for valuable items, such as Jewelry, Furs, Silverware and Fine Arts. These items can be covered separately under a Valuable Items policy. This policy can be written as Blanket coverage, in which case the company will pay up to a specified amount per item up to the blanket limit or they can be covered as Scheduled Items by listing the items and their values individually on the policy.