Unfortunately, statistics indicate only about 37% of renters carry renters’ insurance although damage or loss of personal property or the cost of living elsewhere while an apartment is repaired or rebuilt after a fire or storm loss can be a severe hardship.
Renter’s insurance is usually quite inexpensive, but replacing all clothing, electronics, and miscellaneous personal property after a fire or theft is not. Another important aspect to renter’s insurance is additional living expenses. In the event of a smoke damage, fire, or wind damage to your building, although your unit may or may not be involved, you may be required to live elsewhere until damage is repaired.
Renters insurance is an inexpensive way to guard against unexpected loss to personal property and other covered renter insurance exposures.
As a homeowner, commonsense measures can help avoid homeowner claims.
Important Safety Tips:
1.Fire safety: 1) Make sure smoke detectors are installed and working. 2) Practice active fire safety measures while using your stove or oven. 3) Have working fire extinguishers within easy reach, and 4) Never leave candles burning unattended.
2.Water damage claims are one of the most common homeowner claims. They pose significant issues because of the time needed for repair and the inconvenience caused.
Install water sensors near appliances that use water. Replace old appliances and water heaters.
3.Theft and burglary are losses that can also pose a threat to personal safety. 1) Lock doors and windows. 2) Consider a security system and outdoor motion sensor lights, and 3) Don’t leave a garage door opener in an unlocked car in your driveway.
4.Remove snow and ice as needed. Ice on walkways and driveways are a hazard to you, your family, and anyone who may visit your home. If someone is visiting your home and is injured because of a slip and fall, you could be liable.
5.Other slip and fall hazards: Properly installed or repaired steps, hand railings, stairs, decks, front porches, and patios are important and part of a homeowner’s maintenance responsibilities.
6.Minimize exposure to wind damage. 1) Loose objects that are outside should be securely stored. 2) Remove or replace loose shingles or tiles, and 3) Trim or remove trees that are near the house, are dead, or have dead limbs.
7.Although your dog is your best friend and although you feel that your dog would never injure anyone, dog behaviors are not always predictable. If a dog becomes frightened, does not recognize a visitor, or feels (rightly or wrongly) that its owner may be in danger, they may become aggressive and bite.
If a person is bitten by your dog, you may be held liable. Dog bites can cause severe trauma both victim and the homeowner. Don’t assume that your dog will never bite someone. Use common sense safety precautions.
8.Many electrical fires are caused by power surges, frayed cords, overloaded outlets, etc. Common sense again is the rule. Don’t overload outlets, buy surge protectors for all electronics like televisions, stereos, and computers. Fix or replace any electrical cord or any appliance that may not be safe. Don’t take chances.
9.Homeowners' insurance doesn’t usually cover flooding. Check to see if flood insurance is recommended for your area.
Although no one can anticipate every loss scenario, these tips offer some basic ideas to implementing safety and security in your home.