Saratoga Springs Housing Authority Residents Need Renters Insurance (DK)
The people who most need renters insurance are the least likely to have the coverage, as we’ve discovered in previous surveys conducted by Effective Coverage and ORC International. Sure, there are organizations out there to help low-income renters after a loss, but that’s a very short-term opportunity. Let’s take a look at a family that could only have been protected by Saratoga Springs renters insurance.
According to the Times-Union, a family of four including two children is looking for a new place to live after their apartment was destroyed by a fire that began with an electrical appliance. Saratoga Springs Renters Insurance could have been helpful, but the residents may not even have known that such a product existed to protect them. A local organization was able to help them with a few days in a hotel, clothes, and prescriptions, but what do they do from there?
That’s where Saratoga Springs renters insurance comes into play. From working with residents of the Albany Housing Authority as well as working with other subsidized communities, Effective Coverage understands that the people who are least able to recover from a disaster are the ones who might not know how to protect themselves. Renters insurance in New York is not expensive, usually around fifteen dollars per month. In this instance, it could have made all the difference in the world for these residents.
Ways Saratoga Springs Renters Insurance Could Have Protected This Family
Maintaing Your Standard Of Living
First of all, Saratoga Springs Renters Insurance will provide you with a place to stay so you can maintain your standard of living. When you’re responsible enough to have renters insurance, it means that local community service organizations can focus on helping domestic violence victims and others who need the help, because your policy will take care of you. It means you don’t have to shell out hundreds of dollars a week to stay in a hotel, because your renters insurance has your back. Considering that track season is just weeks away, short term rentals are in short supply and will cost a fortune. Potentially, even emergency refills of prescriptions lost in a fire could be covered under additional living expenses, though usually they fall under personal property coverage.
Personal Property Coverage
Personal property coverage on Saratoga Springs Renters Insurance is another place where the coverage shines. Saratoga Springs Housing authority residents often have very carefully and frugally pieced together the furniture and possessions in their homes. They often have taken extra care to find affordable ways to get a few nice things that they might not otherwise have. Those nice things are not something they can afford to replace at retail, certainly not all at once. Saratoga Springs renters insurance can replace the things that are lost at what it actually costs to buy them new so that residents don’t have to suffer a significant loss. Whether that’s kids’ clothes or a couch that doesn’t hurt your back after a long day of a job involving physical labor, your policy is there to protect you and to return you to the financial condition you were in before the loss.
Is The System Broken?
As a nation, we work hard to make sure that housing is available to everyone who needs it. Is the system somewhat broken? Absolutely. It’s broken because there’s just not enough housing, or enough funding, available for all of the people who truly need it. Those people are further left in bad positions when there’s a fire or other significant loss, because there may not be another unit available for them to move into at the same price. But Effective Coverage believes that there is another failing in subsidized housing renters insurance market, and that is renters insurance.
Saratoga Springs renters insurance is simply not something that’s previously been made within the reach of residents. Not because they can’t afford it – at around fifteen dollars a month for a basic policy, even the tightest budgets can afford New York Renters Insurance. Not because the product isn’t available – we could name twenty different places you can buy Saratoga Springs renters insurance, all within walking distance or only requiring a phone call, not a visit to an office.
The inherent problem is that the insurance industry as a whole has done a positively terrible job of education. The old models assumed that anyone who needed insurance should know what it is, how much it should cost, and how to get it. That’s why Effective Coverage, the nation’s largest full-service insurance provider focused on the insurance needs of renters, works to educate the people who most need coverage. That’s also why one of our core values is education. People can’t protect themselves if they don’t know the product exists. Whether you need Saratoga Springs renters insurance or Manhattan Renters Insurance for a penthouse, Effective Coverage has a policy to meet your needs.