NYC Business Group Insurance Blog

Tuesday, January 31, 2023 | NYC Business Group

What Does Your Insurance Policy Cover?

What does your renters or homeowners’ insurance cover? Typically, household insurance covers losses incurred by your loved ones, i.e., anyone related to you by blood, marriage, or adoption. However, nowadays, people have different types of relationships. It is difficult to determine if your fiancé is covered because you might cohabitate. Remember that your household policy does not cover your partner if you are not officially married or in a legal civil union. Therefore, if you want to…

Thursday, January 26, 2023 | NYC Business Group

New York Renters Insurance Ultimate Guide

As an apartment renter, purchasing a renters insurance policy is a good idea. If you live in New York, it is crucial to take out renters’ insurance. New York experiences different seasons, with scorching summers and icy winters. Since anything can happen, purchasing a renters insurance policy is the best option. For instance, the policy can reimburse you if your phone is snatched. Renters insurance provides financial protection for your personal property in your rental property. Renters'…

Tuesday, January 24, 2023 | NYC Business Group

The Ins and Outs of Landlord Insurance in New York

Which insurance policy do you need as a landlord? Landlord insurance is crucial to New York property owners because it protects them from liability and potential risks. Landlord insurance is a prerequisite to most lenders. Therefore, a lender may specify the coverage and how much coverage you must obtain. Remember, it is important to ask the right questions and research to make the right choice. Continue reading to understand more about landlord insurance in New York.

Thursday, January 19, 2023 | NYC Business Group

Does Homeowners Insurance Cover Roof Leaks?

Roof leaks can cause emotional distress and financial loss regardless of how minor they seem. If you have homeowners’ insurance, you must wonder whether it covers roof leaks! Although the answer to this question depends on the situation and policy, the homeowner’s insurance policy covers sudden or accidental roof leaks and those resulting from covered events like windstorms, lightning, and hailstorms. However, roof leaks developing over time due to poor workmanship or lack of maintenance are…

Tuesday, January 17, 2023 | NYC Business Group

What Happens to Homeowners Insurance During Probate?

Homeowners insurance protects a home by covering damages incurred or eventual property loss. Also, the policy covers liability costs if accidents or injuries occur on the property. If the homeowner dies, the executor or next of kin must contact the insurance company within 30 days. Although the process might vary from one insurer to another, expect to send a copy of the death certificate to facilitate the process. Depending on the circumstances, the insurance company may request you to email or…

NYCBG Insurance Blog

What Does Your Insurance Policy Cover?

New York Renters Insurance Ultimate Guide

The Ins and Outs of Landlord Insurance in New York

Does Homeowners Insurance Cover Roof Leaks?

What Happens to Homeowners Insurance During Probate?

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