Here is an excerpt from a new blog post at GreggMarcus.com:
Most individuals who rent their homes cannot determine whether it is beneficial or not to hold a renter’s insurance policy. How can you decide if renters insurance is for you? Do figure this out you will need to calculate the amount of liability coverage needed, assess the probability of property loss (including attaining the value of your possessions), estimate the deductible, and put everything together to determine what is right for you as a renter and what you should be looking for when purchasing renter’s insurance. In this post, Long Island Insurance Executive, Gregg S. Marcus will tell you everything you need to know about renter’s insurance, explain what is right for your specific needs and inform you on how to go about purchasing such a policy.
Analyze Your Liability
In regards to an apartment building, those living on the second floor or higher normally have a higher propensity to be liable for property damage to their neighbors, considering there are people living directly beneath them. If you have any form of water damage in your home you can be sure it will affect the others living below you. If you own a dog renter’s insurance will protect you in the event of the animal causing any harm. If you consider your home to be high risk you shouldn’t hesitate to purchase a policy.
To read this post in it’s entirety, click here to visit the Gregg Marcus official website.
