Renters Insurance

Many people rent their residences, eliminating some of the expenses that homeowners face. But even renters can be affected by damaging, unforeseen events to their rentals that cause a financial upset. Renters insurance is a significant financial safeguard to protect your belongings and livelihood if someone is injured inside your residence. 

James V. Funaro Agency provides the Bethpage and Levittown communities insurance for all their property needs. We can explore renters insurance coverage that gives you the protection you need. 

What Is Renters Insurance? 

Renters insurance includes liability and property damage coverage. Your landlord likely has their own insurance that protects the structure of their rental building. However, to cover anything inside the walls of your rental—your personal property and belongings—you will need renters insurance. 

The liability portion of your policy can help protect you against claims of third-party bodily injury or property damage caused by an accident in your home. It might also help pay for medical bills. The property damage portion of your policy covers your personal belongings if they’re damaged or stolen in a covered event. 

Some renters insurance policies may also pay temporary living costs if you must live elsewhere because of a covered incident; this might include hotel bills, temporary rentals, restaurant meals and other living expenses—up to your policy limit.  

Why Do I Need Renters Insurance? 

Renters insurance is usually optional, but your landlord might require that you have a renters insurance policy before signing a lease. But, even if coverage is optional, you might want coverage to give yourself financial protection in case something detrimental occurs in your apartment. 

How Much Coverage Do I Need? 

Determining a suitable amount of renters insurance coverage depends on knowing what belongings you want to insure and their value. With the right coverage, you’ll have the liability protection you need if something harmful happens. New York is known to have floods and earthquakes; as such, we can explore if you may want additional flood or earthquake coverage for more protection.  

Protect Your Home and Livelihood 

The James V. Funaro Agency can help you with a renters insurance policy that gives you the protection you need. Call us at either 516-204-7223 or 505-225-3800 to get started on your renters insurance.