As of 2021 more than two-thirds of those residing in Manhattan and the 5 boroughs were tenants. Only Staten Island can claim to have more homeowners than any other part of the region. And, here is the disconcerting fact- even though many locales require tenants to carry renters’ insurance in New York, less than 40% have a tenants’ insurance policy. To the professionals at Grillo & Associates, a leading insurance brokerage on Long Island, that percentage is alarming. Think of it. All of us have possessions that we require to capably sustain our daily lives. Let’s start with our technology. Who can conduct their daily routines without using their cell phone or requiring internet access via a tablet, desktop, or laptop? What about our furnishings? Clothing? Bedding? Jewelry? Artwork? Sports equipment? Family photos and heirlooms? Anyone who does not have insurance coverage as a tenant in New York could be in for an unpleasant surprise. Instead, contact Grillo & Associates now to correct this oversight and to obtain the right renters’ insurance in New York that provides the coverage you need and is budget-friendly as well.
Like homeowners’ insurance policies, those coverages designed for tenants not only cover your personal property but also protect you against liability claims. Those are lawsuits brought against you if a visitor or contractor sustains injuries while visiting your residence. If you already have this type of renters’ insurance, in New York especially, the cost of living and other expenses are constantly rising. This means, that even if you have a tenants’ policy, bring it to Grillo & Associates for an evaluation. It may be that you are not adequately covered in case of fire, flood, damage caused by another unit, injuries to others or their property while visiting you at your home, and more. There is much to consider when shopping or reviewing renters insurance policies and the language can be very confusing. It is a task best left to professionals who can quickly evaluate your needs and either suggest a policy or upgrades to the own you already have. Grillo & Associates’ representatives will make certain that your possessions and the contents of your apartment or home are adequately covered in the event of a ‘covered peril’ to the amount required to repair or replace these items.
To prepare for our meeting, make a comprehensive list that includes as much detail as possible. Do you own a computer? Type make and model? How old is it? Do you have a flat-screen TV? Do you have more than one? If so, how many and what are the dimensions of each? It is easier for you to make a cell phone video of your possessions, such as any furniture you own, as well as the items detailed earlier in this posting. If you have any receipts for the purchase of your TV or computers, that will be a great help to determine their current as well as their replacement value. If you do not have these receipts, Grillo & Associates can factor reimbursement for the ‘actual cash value’ of these items as their replacement cost will be affected by depreciation.
Once we have this information we can explore your options for renters’ insurance. For New Yorkers, especially those completely without any insurance coverage, we advise that you contact our offices as soon as possible. We’ve assisted thousands of New Yorkers in locating affordable insurance coverage for tenants. Do not wait until a flood, fire, worker injury or simply a dropped cell phone or tablet costs create a situation that throws your life off-kilter and impacts both your tenancy and savings. We’re here to resolve this conflict for you.
Contact the Grillo & Associates team today!
