We have been talking about fires a lot lately on ApartmentInsurance.com, but with the rise in destructive fires and Southern California seeing the largest deadliest fire season in decades, we feel this is a relevant topic to cover often. Most times you’re not at home, and when a fire breaks out, it is extremely destructive. Even if your belongings are not burned, they usually sustain heat and smoke damage that results in a total loss. Your belongings are usually beyond repair, and we hope that you’ve secured suitable Apartment Renters Insurance in Ventura County with replacement cost coverage. Photo documentation is key. If you are lucky enough to be reading this article before a fire, we strongly recommend that you take a detailed video of your belongings with appropriate narration. “This is my camera collection, I have over $2,900 invested in lenses alone”, or “this is my baseball card collection, including a rookie Babe Ruth”. If you haven’t videotaped and have already sustained damage, you may refer to a video you made while having friends over. A lot of times reviewing and pausing the video can be helpful. So, if you do discover that you had a number of valuable items, be prepared to show proof, and if they are very expensive, the insurance company may also have required you to have the item appraised and endorsed into your contract. A painting on the wall is only worth the paint and canvas, unless you have it appraised and added to your policy. This may be the difference between getting a settlement of only a few dollars, to getting thousands. Most household belongings start at about $25,000. Before you decide to secure our coverage with only ten or fifteen thousand dollars, remember that it might only cost you a dollar or two more per month, but when you suffer a loss, you’ll realize just how much it will cost to replace everything. In fact, by the time you add up all of your sock’s underwear kitchen items and everything else you own you’d be surprised to find out just how much everything costs. Imagine that you have lost everything and have to go to the store to repurchase every single item that you’ll need.
What would it take? When shopping for new items you’ll be surprised to find out just how much everything cost these days. let’s look at this one room at a time in the kitchen you have a dining room set you have pots and pans you have food items you have silverware and Cutlery and you might even have some China and other very expensive flatware that has been handed down to you for Generations. a good set of knives can run up to $400 alone a nice set of dishes can be for $500 a good set of flatware can be two or three hundred dollars. We haven’t even scrape the surface of all the belongings you have and we’ve already exceeded $1,000. let’s have a look at the bedroom. Your bed alone me cost upwards of $2,000 to replace not to mention your bedroom set which can range anywhere from 3 to $5,000. now let’s get into your wardrobe have you ever wondered how much it cost to buy a wardrobe these days? although many of the items in your closet haven’t been worn in a while they are still valuable to you. the purpose of this article is not to scare you but to give you a little forewarning about what it takes to be properly protected and who you can talk to to help you do it.
For more information regarding Apartment Renters Insurance in Ventura County, contact us directly or visit the Coverage Page.