In many areas, Red Cross and other organizations’ disaster funds are reaching critically low levels. As opposed to day to day situations like apartment fires, there are separate funds used for major disasters, like hurricanes. In some areas, the ability of the Red Cross and other organizations to help with day to day losses is becoming stretched to the breaking point.
Recently, organization disaster funds helped out the victims of an apartment fire in Fort Worth, TX. Although it’s comforting to know that organizations are there to provide assistance in the worst of times, there’s a way to ensure you don’t have to rely on their already stretched abilities in your time of need.
Had the victims of this fire had Fort Worth renters insurance, loss of use coverage would have kicked in and provided them with a place to stay, as well as allowed them to replace their personal property. This can happen quickly, and part of the claim might even be paid out separately so you can go buy work clothes and daily necessities. Additional living expenses and personal property claims are the two most common types after an apartment fire occurs.
We support the work of these groups by providing assistance to disaster victims. We also support people taking personal responsibility and purchasing a renters insurance policy to protect themselves. When you purchase a renters insurance policy, you help to reduce the responsibilities of organizations like the Red Cross and allow them to provide their disaster assistance where it’s most needed.
Remember that disaster relief organizations have limited funds that are only available for limited periods of time. A basic renters insurance policy might provide $15,000 of personal property coverage as well as $5,000 of additional living expense coverage. Insurance companies also frequently have arrangements with major hotel chains to make rooms available at a discounted rate, even billing them directly to the carrier in some instances.
To find out more about how a renters insurance policy can protect your family, call Effective Coverage at (800)892-4308 or click above for free renters insurance quotes online.