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Topic: Renters insurance
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| Author | Message |
| selgnirp80 | Posted – 12/27/2004 10:57:57 AM | show profile My fiance and I are looking into getting renters insurance for our smallish 1br, because it's a good idea to protect our stuff, but mainly because we're looking to insure my engagement ring. There are so many companies and I don't know where to start! Can I get an idea of the plans you use? Does anyone know of a site that compares different plans that's geared toward NYC? One of my main concerns is that I can add on a jewelry ''rider'' that would cover the full, appraised cost of the ring, cover loss or theft worldwide, etc. Thanks! |
| citygirl | Posted – 12/27/2004 2:09:08 PM | show profile Check the NYTimes archives online -- they recently did an article in the real estate section on that subject. |
| Cyrus | Posted – 12/27/2004 3:11:29 PM | show profile selgnirp, You're right to mention a rider for your engagement ring. Make SURE you tell an agent that you want a rider because they're not generally covered under renter's insurance policies, although a rider isn't expensive. Most any of the major property/casualty companies like Allstate, Travelers, State Farm, etc. will write you a renter's policy in NYC, and I'm amazed most everyone doesn't have one. Trust me, when you are the unfortunate victim of a burglary, you'll appreciate it. Sites like Insweb should give you comparison quotes. To give you a rough idea, you can get about $15K in coverage for about $30 a month. There's no real plans in the conventional sense for renters, it's more about the dollar value you want and whether you want replacement value coverage on certain expensive things like computers, etc. Another great value in renter's is it will cover any damage that befalls your apartment through fires, etc. |
| muggle | Posted – 12/27/2004 7:38:29 PM | show profile I have State Farm renters insurance. $60k coverage is about $330 or so. Policies generally state the included coverage for certain items like computers or jewelry, & if you have more than that, you need to buy additional coverage for that item. (i.e., $2500 max. for computers is fine for most people, but if you've got tons of sophisticated equipment, you need to get more.) I'll e-mail if you want my insurance agent's #, but I don't know them well or anything. Just got them from the phone book about 5 years ago, but they seem OK, always answer questions promptly, bills come straight from State Farm & you send payment. |
| VillageGal | Posted – 12/28/2004 8:17:23 AM | show profile I've got AllState; they're located in Union Square. I think rates will vary depending on neighborhood, I have a standard policy for replacement, but I'm quite sure you can get additional riders. Last year, a pipe burst in my (very old) building and flooded a neighbor's apartment. That did it for me. |
| Cyrus | Posted – 12/30/2004 12:42:19 AM | show profile Another thing to note: Technically, renter's insurance will NOT cover items used in the course of operating a business -- only personal items. For that reason alone, you may not find it's worth taking out a business insurance policy. |
| sheilamullan | Posted – 1/16/2005 6:08:00 PM | show profile Amica Hello Selgnirp80: Suggest you try Amica. I don't know for sure that they have renter's insurance in NYC (I'm pretty sure they do) as we have homeowners' insurance now in NJ but I seem to remember we had renters' insurance through them in NJ too. Their customer service people are wonderful to deal with. I used to have their car insurance, as did my parents, and found them reasonable to deal with and cheap too. Good luck, Sheila |
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