Seattle Quote Blog
Why every tenant should have renters insurance
What would you do if your life was turned upside down due to a burglary, fire, or natural disaster? Just think about all the personal items that you use every day and how much time and money it would require to replace them if something awful happened. I thought my belongings were minimal in quantity until I moved apartments. Was I wrong, and my buddies were rightfully angry when they helped me move it all.
Get your facts strait
A good place to start is knowing what exactly is covered by your renters insurance policy and what is covered by the landlord who owns or manages the property you reside at. The Washington State Office of the Insurance Commissioner offers some basic information that you as tenant should think about when looking for a policy.
Personal liability (protection against claims someone else makes against you)
Premises medical coverage (pays the medical expenses of others accidentally injured on the property you rent)
Additional living expense (pays for your living expenses if the living space you rent is deemed unlivable)
Personal property (contents) coverage (standard renter policies only cover the actual cash value at the time of the loss)
It will never happen to me
West Seattle Blog has some photographs and coverage of an apartment fire that happened at 9200 15th SW on January 7th, 2008. They seem to have a good eye on fires and crime in that part of the city. Just a few days ago a fire raged through two apartment units in a Kent housing complex displacing 19 people and destroying their belongings. Luckily no one was injured.
It seems like every evening I flip on King5, or whatever evening news, there is burglary or residential fire. Is it me?
People make up all types of excuses for not securing renters insurance. This may be due to the fact that it seems like an intangible product that can't be held. Another major factor is the dismissive attitude of "It will never happen to me". Well it can and you should prepare.
Comments
No one has commented yet.
