The Four Most Frequently Asked Questions About Apartment Insurance

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Once people figure out that apartment insurance is a wise investment, here are four questions they ask most frequently, via Google.

1. How much should my condo/co-op/renters insurance be?

Co-op and condo insurance starts at about $1.00 per day and renters insurance starts at less than 50 cents. In other words, it’s really cheap — like, pizza-dinner cheap.

2. What is the most important part of renters insurance?

With renters insurance, selecting your personal property coverage is the most important part, as it covers your stuff. That’s why it’s the main coverage feature.

3. What are three things that renters insurance covers?

Typically, renters insurance includes three types of coverage: Personal property, liability and additional living expenses — the latter of which pays for a hotel or other living arrangements if your apartment is damaged by a covered loss.

4. How much insurance should you buy to be “fully” insured?

The typical renters insurance policy offers $15,000 to $20,000 of contents coverage and $100,000 of personal liability coverage, as do entry-level homeowner policies. Of course, you can go higher with both, especially if you have expensive taste in bicycles.

Contact Gotham Brokerage, a local, super service-oriented brokerage that will find the right apartment insurance to meet your needs. You’ll be in excellent hands — they are New York City’s number one apartment insurance broker and have been at it for over 50 years.

And they can give you a free quote in minutes. Just fill out the quick form, give them a call at +1 (212) 406-7300 or shoot them an email at info@gothambrokerage.com.

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