Fortunately, The Capri Apts require Phoenix Renters Insurance, but were all the affected residents in compliance? It appears not, because the Red Cross had a significant number of requests for assistance. Whether those residents weren’t covered or just weren’t familiar with their coverage is not immediately apparent. Why is that important? Read more to find out!
After a two-alarm fire tore through The Capri Apartments, this Phoenix apartment fire would ultimately leave eighty-four families without their apartments or their belongings, or a place to go that night. At least forty requests were made to the Red Cross for assistance, and several air-conditioned buses had to be brought in to allow residents a place to wait that wasn’t in the typical Phoenix June heat.
Based on the requests to the Red Cross, one of two things is likely true. Either these residents were not in compliance with the lease requirement that they maintain Phoenix Renters Insurance, or they weren’t familiar with their coverage. Had they been covered and known what was in the policy, their first call might have been to their renters insurance rather than to the Red Cross. Why?
In the aftermath of this Phoenix apartment fire, Arizona Renters Insurance covers more than just the property that’s lost. Some units suffered smoke and water damage, some fire damage, and some just weren’t accessible because the building remains closed. But in addition to the significant personal property losses, residents have coverage to help them in exactly this time of need.
Renters Insurance covers more than just the property that’s lost and any potential liabilities arising from the fire. Your policy also is going to include coverage for “loss of use.” What does that mean, exactly? Any residents impacted by this Phoenix apartment fire who were also in compliance with the lease requirement to maintain a policy will have the coverage. Loss of use is what pays for you to maintain your standard of living after a covered loss. The fire, associated smoke and water damage, and the inability to access the building as a result of the above would qualify as a covered loss.
Loss of use coverage allowed some of the Phoenix apartment fire victims to get a hotel at the insurance company’s expense instead of their own The coverage generally comes through quickly, because providers understand that this is a trying time and some people may have escaped so quickly they don’t even have their wallet or debit card with them, so getting a hotel might be difficult. This additional living expense coverage doesn’t normalize life after a fire like this, but it does help you to pick up and move on in a quick, decisive manner that improves your ability to get back on your feet.
Don’t forget that your personal property is at risk not just during the fire, but afterwards as well. An unoccupied, unattended apartment building without secure doors because they were lost in the fire is a tempting target for thieves. Normally you’d be responsible to lock your doors when you leave the apartment, of course, but things are different in the case of an apartment fire. The object is to get you out as soon as possible. You have a policy so that you can avoid worrying about property because it can be replaced. If someone rifles through the undamaged apartments in the building after the fire and takes what they want, that, too can be a covered loss on your policy. The coverage doesn’t just protect you during the fire, it also protects you after the fire when the building is inaccessible, as well as helps you to get a roof over your head and start to get things back to normal as quickly as possible.
Some of you might be thinking this policy is expensive, but the national average cost of renters insurance is just fifteen dollars a month. For fifteen dollars a month, you can get broad coverage to protect your family both during and after a loss like this. For so little money, there’s no reason not to have the protection – that’s less expensive than a couple of pizzas when you don’t feel like cooking that evening! To find out how affordable the coverage can be for your particular situation, just call (800)892-4308 or click to get covered - whether you need Phoenix, AZ renters insurance quotes online or coverage anywhere else!
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