Eight apartments are considered to be a total loss, and many others suffered fire, smoke, and water damage. More than thirty people require emergency housing, according to the Red Cross. The fire may have started accidentally from a candle, but the cause is irrelevant – fire is fire, when it comes to covered perils, so Monsey, NY Renters Insurance is able to help residents suffering from this disaster.
Two Hundred Displaced, Eighty-Eight Have Options For Rebuilding Lives
A total of two hundred people were displaced by this fire. That’s at least 200 nights in a hotel, in reality far more, and the personal property of two hundred people that has to be replaced at least in part. Since we know that forty-four percent of American renters have renters insurance, eighty-eight of those people are likely to have coverage. Those with Monsey, NY Renters Insurance will have their hotel expenses taken care of while they wait for their apartment to become available again, and will have their personal property replaced if it suffered a loss because of the fire. Those eighty-eight people will have a straightforward process rebuilding their lives, making the disaster just a little more palatable. Their kids will even be able to stay in the same schools with minimal disruption, because they won’t have to rely on family in other locations to stay with in the interim.
One Hundred Twelve People Don’t Know Where To Begin Starting Over
The one hundred twelve people who didn’t have New York Renters Insurance, however, are in a different boat altogether. Many of them are depending on the Red Cross, who generally is only able to provide housing for two to three days after a fire. From that point, they’re on their own with housing, additional living expenses, even the cost of meals they had planned to cook with food that was in their fridge. Those expenses add up quick, and many residents of Monsey are simply not able to bear those costs. They’re also on the hook to replace their own personal property that was lost in the fire, and those losses are significant.
Three Million Dollars In Estimated Personal Property Losses
The average resident in this fire probably had about fifteen thousand dollars of personal property that was lost – that average accounts for multiple members of families, as well as for the fact that some people’s property is only partially damaged and not a total loss. That’s three million dollars of personal property in total that will need to be replaced. Can two hundred people reasonably absorb those costs? Probably not if they didn’t have Monsey, NY Renters Insurance. People without coverage will likely spend the next five years or more replacing things that were lost in the fire, bit by expensive but. The path without coverage is fraught with peril and expense, but the forty-four percent of residents who had a policy will be back on their feet in mere days or weeks.
Could you absorb an average fifteen thousand dollar personal property loss for each member of your family or household? What about a long hotel stay while waiting for a new apartment to come available? Protect your family from these risks and many others with renters insurance in Monsey today. Just call (800)892-4308 or click to get covered - whether you need Monsey, NY renters insurance quotes online or coverage anywhere else!
Effective Coverage offers the nation's only completely mobile platform to quote and purchase renters insurance right from your phone or tablet in just one minute. Get an online renters insurance quote today and protect your family.