The cost of renters insurance in NYC can vary significantly based on various factors. Understanding these factors can help you determine why your rates might be higher or lower than average. Here are some key factors that influence renters insurance rates in the city: Location: The neighborhood y...
Alternatively,your renter’s insurancemay be a “replacement cost value” policy, which means you’ll be reimbursed for the cost of repairing or replacing an item based on its current value. This could cost more money per month, but the main advantage to this type of renter’s insurance is...
Month-to-Month Lease Agreements If your current lease agreement is a month-to-month tenancy, you have less security when it comes to staying at the property during a sale. If your landlord wants you to move out prior to an official sale, he merely has to provide you with proper notice ...
Extra Coverage (sometimes calledscheduled personal property) is insurance-speak for adding a valuable item to your insurance policy. Here’s how it works: Yyou need to get an appraisal to verify the cost of your jewelry, and then tell your insurance company you’re willing to pay for more ...
Well,some landlords aren’t that good at what they do. Case in point,Mr and Mrs NYCjust penned a deal to sell their Manhattan home and rent it back from the new owner. They will spend $1,000/monthlessfor living in the same property, eliminate all maintenance responsibility, and have ...