It is difficult to state what the average cost is. This is because insurance premiums in general, and this type in particular, differ based upon various factors. Some of them include:
1. The physical address of the apartment;
2. Whether it is a building with an attendant (such as a doorman);
3. The floor of the apartment if it is a multi-story building;
4. The type of lock(s);
5. The nature, if any, of the fire sprinkler system;
6. The insurance company involved.
Since renters insurance covers primarily the contents of the apartment, a great deal of what the premium will be depends upon the contents of the apartment" furniture, jewelry, rugs, etc.
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