Whether you moved to Hoboken because you are genuinely excited about living in the hometown of Oreos, or because you would rather take an hour long train to work than rent at NYC prices, you can’t avoid the challenges of getting together your rental paperwork. So what do you after getting an apartment, moving all your stuff, and hitting up all the Irish bars in town (and there are just so many…)? Get your renters insurance from Bungalow of course!
Just looking for a quote? Get a quote for renters insurance in Hoboken in 2 minutes on Bungalow. No one makes it easier! Still not convinced you need renters insurance in Hoboken? Read on to learn why you probably do!
So, what is renters insurance and what do you need it for? Well, let’s see.
Why you need renters insurance in Hoboken
Could you afford to replace all your stuff if your apartment burned down or was damaged in a storm? Renters insurance covers both cases – and much less dramatic ones!
Also keep in mind that Hoboken, despite all of its cultural appeal, is still susceptible to crime like any other urban area. Renters insurance will protect you from theft and vandalism. Don’t believe us? Check out why the New York Times recommends purchasing renters insurance.
Additionally, many landlords now require that renters buy insurance in Hoboken. This helps both the landlord and the renter!
If your landlord already has insurance, do you need to buy renters insurance in Hoboken?
Your landlord’s insurance only covers the building you live in, not your belongings inside. That’s what renters insurance is for! Can you imagine buying new furniture, laptops, and clothes out of your pocket if your apartment burns down? For just a few dollars per month, renters insurance will replace your belongings if they are lost or damaged.
What else does renters insurance cover besides my property?
Renters insurance also has the following coverages:
Personal Liability – This will help cover your costs if you accidentally hurt someone or someone’s property and get sued as a result. A typical amount is $300,000.
Medical Coverage – This will help pay for medical expenses if someone is hurt on your property. Insurance companies provide this to help avoid lawsuits. A typical amount is $3,000.
Loss of Use – This will pay for a hotel or somewhere else for you to stay if you something happens to your apartment. A typical amount of coverage is $5,000.
With all these coverages, it’s no wonder that US News says you can’t afford to skip buying renters insurance.
Is renters insurance expensive or hard to buy?
Hopefully by now, you would agree that renters in Hoboken should have renters insurance. So what’s stopping you? Many people think that renters insurance is too expensive. Luckily for you, that’s just a common misconception. Renters insurance in Hoboken typically costs $15-$25 dollars per month. Most people will spend that much on late night PATH trains getting back from Manhattan. Not so bad, huh?
What else? Getting renters insurance is boring and complicated, you say. Well, here you got me. Generally, getting renters insurance is a somewhat tedious process. With most companies you’ll my have to speak to an agent over the phone or in person. But that is exactly why we created Bungalow – to make buying renters insurance quick and easy, right online.
Now you have no excuses stopping you from getting a renters insurance. Get a free quote today
If you have additional questions about renters insurance, check out our more comprehensive Millennial’s Guide to the Best Renters Insurance