The number of apartments in New York City keeps increasing. As the number of residents increases, there is nowhere to build but upwards. Apartment living can be a fun, exciting experience for those just getting out on their own, or even those who have been on their own for some time. In fact, there are few better ways to enjoy living in this great city.

However, apartment living does have a few hurdles to overcome. If you lived in a house, you would have homeowners insurance for injuries and disasters. For apartment owners, the only option is renters insurance. Why do you need renters insurance? Does the apartment owner’s insurance not cover accidents on the property? The answer to that question is yes and no. The apartment owners insurance will cover accidents and damage in the public areas of the building, as well as damage to the building and grounds. However, it will do nothing for injuries sustained in your apartment.