Category: Renters Insurance

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.