Why Use Independent Insurance Agents for Your New York Apartment?

Gotham Brokerage can help you sift through hundreds of possibilities to get you the best deal

The Met Life Tower on Madison Avenue in Manhattan. MetLife is one of hundreds of companies that sell property insurance in New York. Photo courtesy of Blueskied, via Wikimedia Commons

How do you shop for property insurance?

If you’re like most people, you pick up the phone and call three or four insurers to get quotes, then go with whichever company offers you the best price.

That’s a good start.

What you probably don’t realize, though, is that there are several hundred companies that sell property insurance in New York.

Are you sure you got the best possible deal?

Family-owned Gotham Brokerage has been helping New Yorkers find the best renters insurance, co-op insurance and property insurance for more than 50 years. Decades of experience have given us a bird’s eye view of the New York insurance market. We work and live in Manhattan, and during disasters we’ve seen what good insurance looks like, what bad insurance looks like, and —worst of all — what no insurance looks like.

Insurance doesn’t have to be expensive. Many renter policies cost as little as $10 to $20 a month. Part of keeping insurance costs low is working with the right company, but it’s also important to know what questions to ask.

Do you really need $100,000 worth of contents coverage? Or would $30,000 cover all of your losses in the event of a fire? The answer to that question will have a big effect on how much you pay for insurance.

Will that $100,000 worth of coverage pay to replace a treasured family heirloom? If you’re not careful when shopping for your policy, you might eventually learn that the answer is “no.”

Does your policy provide liability coverage in case someone gets injured in your apartment, or your bathtub overflows and ruins the apartment below you?

These are all questions that you should ask, but are frequently forgotten about when calling for quotes.

Let Gotham help. We can find you the best quotes — scouring a wide web of insurers — and we can also make sure that you are fully protected.

Give us a call at (212) 406-7300.

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