This was originally posted as a Tip of the Week brought to you by TIPINIONS www.tipinions.com (on Apr 17/23).
We felt the need to take it one step further and add it to the Important Information tab to be read anytime without going looking for it in a post as many would not necessarily see it there.
We had a fire last year in our city in an apartment block – one that was currently under construction, so no one was hurt or lives changed for that matter.
Recently a few of us were talking about that experience and event.
In saying that, it gets me to think about sharing this type of information.
Do you have enough insurance? A lot of renters do not feel the need to get insurance as they do not own the building.
When you purchase a house, the bank forces people getting a mortgage to have sufficient insurance to cover the costs.
However, a lot of renters don’t consider renter’s insurance a huge necessity, but it is. If you lost everything you have worked hard to achieve to obtain – how would it affect your life? Significantly, I would say.
A lot of people look at the risk and believe it to be low of happening to them, but it does happen, it has happened.
For the minimal expense that renter’s or tenant’s insurance costs, it is well worth the benefit of having to make sure your investment (all of your belongings) are covered if something were to happen.
Questions to Ponder:
Have you looked into tenant insurance?
Do you know how little it costs on a monthly basis?
Is the risk worth it, if you don’t get it?
I know a few people in the past that have not had it and they would say the risk isn’t worth it. They lost everything due to fire, smoke and water damage. They had to start over completely and they were struggling on a monthly basis as is without losing their life’s belongings. Some people are fortunate and get donated items and such but putting your faith in someone else’s hands is a risk not worth taking.
Please look after yourself and your family and invest in the right insurance for you today!
