Whether you are new to leasing your residence or have been a tenant for years, it is vitally important to have adequate insurance for your possessions. Many renters overlook this fact and decide to risk it, thinking that tenant insurance is too expensive or not justifiable. In this posting, Grillo & Associates, who have assisted thousands of Long Islanders in locating affordable renters insurance in New York, offer these tips to enable you to realize just how important having renters insurance on Long Island, NY can be to your peace of mind as well as for your wallet. Our professionals will assist you in locating just the right policy for your needs as well as provide guidance should you ever have to submit a claim.

Tip #1: Believing Tenant’s Insurance Is Too Expensive:

Generally speaking, these policies for most 1-2 bedroom apartments can be about $30 a month. This is a small price to pay should you become the victim of a break-in, or an adjoining tenant’s unit has a water leak that inundates your premises. It is always better to be safe than sorry. That is why it is important to remember that Grillo & Associates’ team can help you find just the right policy for your needs and budget.

Tip #2: Not Buying Enough Insurance to Cover Potential Losses:

Possibly the worst part of sustaining a property loss is to discover that your policy will not cover the full replacement cost of your losses. When buying renters insurance on Long Island, NY, it is best not to short-change yourself. Underinsuring your property to save a few dollars is simply not the best idea. It is also a good idea to understand just what your policy covers versus what you need and then find a balance between coverages and cost. Again, Grillo & Associates is here to help!

Tip #3: Underestimating the total amount of possessions you have.

When buying a policy, many tenants forget to include just about everything they own when they consider their coverages. Make a list of the everyday items you use such as clothing (all seasons) , furniture, rugs, curtains, countertop kitchen appliances, bedding, decor, photography equipment, computers, tablets, cell phones…and more! Then call Grillo & Associates for assistance with your renters’ insurance in New York to ensure you have enough coverage.

Tip #4: Procrastinating on Submitting a Claim:

If your laptop was stolen and you have been avoiding submitting a claim for its loss, thinking it will raise the cost of your insurance or your landlord will evict you, well take our advice and don’t delay any further. Most states have filing deadlines that cannot be extended. Miss these and your claim will be denied. Then you’ll have to bear the entire financial burden for its replacement.

Tip #5 Submitting a Claim Without Documentation:

In the event that you have to submit a claim, most insurance carriers will require you to submit proof of ownership. That can include receipts, photos, or even a video of your premises before and after the fire, water damage, or theft. If you do not back up your claim with these ‘proofs”, your carrier can outright deny your claim or offer a settlement that is lower than your items were worth.

Tip #6: Once You’ve Submitted a Claim, Respond Promptly to Your Carrier’s Requests:

If you have submitted a claim, do not overlook any emails, voicemails, or texts from your carrier requesting additional information. These requests also have a limited timeframe. Ignore them and your claim will be denied. If you have questions regarding your renters insurance on Long Island, NY, contact Grillo & Associates for a prompt response and the personal attention you deserve.

Tip #7: Your landlord may require it.

You see, tenant’s insurance does not only protect you and your valuables. Responsible landlords often require you as a tenant to obtain renter’s insurance as part of their own risk management strategy. You see these policies not only protect your property but usually include some personal liability insurance as well making this type of policy a true “win-win” for all parties.

These are just a few issues that can arise when tenants go it alone and either skip having renters insurance or think that they have an unlimited amount of time to submit a claim. At Grillo & Associates, insurance is our field, our clients are our passion. Check our BB rating.  Allow us to assist you with all your insurance needs. Learn for yourself what our personal commitment to our clients can mean for you and your family. Just give us a call with your questions. Your peace of mind regarding your renters’ insurance in New York begins with a call to Grillo & Associates.