Even a small fire can cause a significant number of people to have to spend time in a hotel and to incur additional costs, and the coverage was crucial here. One unit at the Woodlake Apartments was heavily damaged, with most damage on the top floor of the building, but that doesn’t mean other apartments didn’t suffer and don’t need the protection that renters insurance in Albany, NY provides.
WNYT brings us the story. While the cause is unknown at this time, this Guilderland apartment fire was quickly extinguished. Damages are significant to one apartment. In a multi-family building such as this one, though it’s about more than the fire. The other people who live in that building have suffered smoke damage, water damage, holes cut in their roof for ventilation that may lead to additional water damage, and a host of other ills as a result of this fire. An entire apartment building worth of tenants is likely wondering what is to be done now, and whether any of their things can be recovered.
In a loss like this apartment fire in Guilderland, you have to worry about more than just the cost of the personal property that was directly damaged by the fire. It may well be days before anyone can get back in to retrieve the belongings they’re able to. It’s not unheard of for burnt out apartment buildings to be burglarized in the interim, with thieves taking anything not destroyed by the fire.
Woodlake Apartments renters insurance protects you from events like this in several ways. First, the obvious coverage for your personal property that suffered damage from fire, smoke, explosion, the water used to put the fire out, and other associated damage from perils named in the policy. As noted above, it’s quite possible that the property remaining in temporarily unoccupied units will end up stolen by unscrupulous people. Theft, as well, is a covered peril, so if you have Albany, NY Renters Insurance you should have coverage for that part of the loss as well.
The Woodlake Apartments fire also displaced a number of people because of the damage to the building. As a result, several families are looking for a place to stay until their lives can return to normal. Keep in mind that this is the season where college students and their parents make a pilgrimage to Albany for orientation and to look for housing. That makes hotels expensive as well as difficult to find. New York Renters Insurance offers something called “additional living expenses” coverage or “loss of use” coverage. This is designed to pay the additional costs you incur by not being able to use your apartment, and it’s often a blessing to have because those costs add up quite quickly, even over the course of just a few days.
Our sympathies go out to the victims of the Woodlake Apartments fire, and we note that it could have been much worse – because the fire happened in the middle of the afternoon, many residents were at work or otherwise off the premises so at this time there appears to have been no loss of life.
If you live in the Capitol District and have been putting off getting coverage because you think it won’t happen to you, this event is a stark reminder that even if you never have an apartment fire, your neighbor likely will at some point in time and that can have a drastic and negative impact on your life and your lifestyle. It’s not expensive to get renters insurance, and it only takes minutes. All you have to do is call (800)892-4308 or click to get covered - whether you need Albany, NY renters insurance quotes online or coverage anywhere else!
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