A shocking number of renters don’t secure renters insurance. Often it can feel like just one more expense on top of an already long list of bills to pay, especially if you’re saving up to buy a home. Renters insurance can sound pointless and unnecessary.
Why would I need to insure this tiny apartment? Because renters insurance provides so much more security and insurance for your property, protecting you in the event of an accident, disaster, crime, and more. Plus, it’s more affordable than you might think.
Home insurance makes sense – if something happens to the structure you’ve built or bought it could be devastating. But if you don’t own the structure, it’s not your responsibility right? Correct. What about all the stuff in the structure, though? That’s yours, and your responsibility. You likely own around $20,000 worth of property in your rental, so losing it could be expensive and tragic.
In addition, you’re responsible for things that happen in your rental, like injuries or accidents. Renters insurance is vital in the event of legal action or injury for guests. And did you know most rentals actually require their renters to have renters insurance? It’s because it’s best practice to protect everyone involved.
Your personal renters insurance may even cover more than this, depending on where you live and the type of policy you choose. One thing is certain – you should have a renters insurance policy. Bear River Insurance can give you an affordable renters insurance policy that protects you and your property. Just in case.
No one likes to think about an emergency occurring in your precious home, to your priceless family. Unfortunately emergencies DO happen. Thankfully not often, but it’s always best to be prepared.
When an emergency occurs you definitely will not have the time or presence of mind to calmly choose the best option for a safe retreat.
Taking some time now, in a time of peace and safety, to create an emergency exit plan will help ensure future safety and at very least – peace of mind.
Many families think they’ll be able to quickly exit the front door or garage in the event of an emergency, but many emergencies would create circumstances in which your main floor is inaccessible.
For example, fire or flood could prevent you from leaving through your front your door. Fire or water throughout your main floor can be dangerous, so an exit plan that can help everyone, no matter their age or accessibility level to leave the home in any type of emergency.
A smart plan is to assess your home. How many windows and doors do you have? Do they lock? If you needed to exit these doors or windows rapidly would you need stools or ladders? What is below the windows? It’s time to start thinking outside the box of leaving through your front or back doors, and driving away in your car.
It’s a good idea to have an emergency exit on each floor of your home, which can be utilized by every member of your family. This may mean a rope ladder somewhere on your upper floors, and a small stool to help you exit through a basement window well.
It’s not enough to just have a plan – it’s important that everyone understands the plan and could execute it in an emergency. Walk through the plan with your family and explain why you need one. Practice the emergency exit plan so that your kids could exit themselves if they were home alone. Find some way to create an alert system for your family to communicate during times of crisis.
The last step of your emergency preparation is to be sure you have a strong insurance plan that will protect you. Choose a plan that covers all of the major threats you might incur in you geographic location of your home.
Be well aware of what your plan covers and any additional packages that you may need for supplemental coverage. At Bear River Insurance we’re ready to help prepare your family for emergencies and keep you protected and safe.