Do you rent an apartment or a home?
If the answer is yes then you’ll need an insurance policy to cover your belongings. Your landlord’s property insurance policy covers losses to the building itself – whether it’s an apartment, a house or a duplex. Your belongings aren’t covered by your landlords property insurance! You could also be liable for any injuries gusts or visitors to your home have.
Even if you thought you didn’t need insurance, here are six good reasons why you should get a renter’s insurance policy.
The average renter’s insurance policy costs $187 a year, according to 2011 figures reported by the National Association of Insurance Commissioners (NAIC) in 2013. Your actual cost will depend on factors, including how much coverage you need, the type of coverage you choose, the amount of your deductible and where you live.
It covers losses to personal property.
A renter’s insurance policy protects against losses to your personal property, including clothes, jewelry, luggage, computers, furniture, and electronics. Even if you don’t own much, it can quickly add up to a lot more than you realize.
Your landlord might require it.
Your landlord’s insurance covers the structure itself and the grounds, but not your belongings. A growing number of landlords require tenants to purchase their own renter’s insurance policies, and they’ll expect to see proof. This could be the landlord’s idea, or it could be an “order” from the landlord’s insurance company
It provides liability coverage.
Liability coverage is also included in standard renter’s insurance policies. This provides protection if someone is injured while in your home or if you (or another covered person) accidently injure someone. It pays any court judgments as well as legal expenses, up to the policy limit.
It covers your belongings when you travel.
Renter’s insurance covers your personal belongings, whether they are in your home, car,or with you while you travel. Your possessions are covered from loss due to theft and other covered losses anywhere you travel in the world. Check your policy or ask your insurance agent for details on what constitutes “other covered losses.”
It may cover additional living expenses.
If your home becomes uninhabitable due to one of the covered perils, your renter’s insurance policy may cover “additional living expenses,” including the cost associated with living somewhere else temporarily, food and more. Check with your policy to find out how long it will cover additional living expenses, and if it caps the amount the company will pay.
This article was adapted from: https://www.investopedia.com/articles/personal-finance/082714/6-good-reasons-get-renters-insurance.asp
After a long winter here are a few tips to make sure your house is ready for the spring.
Grab a ladder, and check your gutters for debris. Remove as much as you can with your hands (Don’t forget to wear gloves!). Remove any leftover gunk with a garden hose. Take off any nozzle and have a helper turn on the water when you’re ready. Shove the hose into the downspout to power out of gooseneck bends. Make sure your downspouts channel water at least five feet from foundation walls.
Replace all filters including water, range hood and air vent filters. You should replace these filters every 3-6 months depending on the type of filter you have. If you have a forced hot air heating system make sure to replace the air filter on that so you don’t need to do it in the fall.
Clean Faucets and Showerheads
Unscrew the faucet aerators, sink sprayers and showerheads, and soak them in equal parts vinegar and water solution. Let them soak for an hour, then rinse with warm water.
Clean Out the Dryer Vent
A clogged dryer vent can be a fire hazard. To clean it, disconnect the vent from the back of the machine and use a dryer vent brush to remove lint. Outside your house, remove the dryer vent cover and use the brush to remove lint from the other end of the vent line. Make sure the vent cover flap moves freely.
Check Foundation Vents
A house with a crawl space has vents along the foundation walls. The vents provide air circulation that helps prevent excess moisture and mold growth, and they prevent critters from taking up residence underneath your home. The screens collect leaves and other debris from fall and winter. Spring is a great time to clean them out and check for damage. Clean the vents by hand or use a shop vacuum. Repair any damaged screens — critters can get through even the smallest holes.
Test Smoke Alarms
Test smoke alarms and CO detectors, and change out batteries as needed. It’s cheap, only takes a few minutes and can save your family’s lives.