When people buy renters insurance policies without input from an insurance expert, they often feel compelled to add something called “Residence Rental Theft” coverage. They have the best of intentions, thinking they need coverage for personal property that gets stolen, but is that the right way to go about it?
A fire in Plainfield, NJ has torn through a family’s apartment and left them with nothing. The apartment over a deli was equipped with smoke detectors and fire escapes, which helped the residents to escape safely.
The deli was also damaged in the blaze, and the residents and business both are expected to need to relocate.
An apartment building in Elkton, MD has been evacuated and residents are terrified of the potential loss after a cooking fire caused significant damage to a unit within the building.
The fire was reported promptly, but residents worry about what could have happened if the fire had spread. Most of the residents in the three story multi-unit building did not have Elkton, MD renters insurance.