You’ve finally arrived. You can afford the trip you’ve always dreamed of. While discussing the trip with your travel agent or considering the options and booking online, you stumble onto the idea of travel insurance. Even if you are a person of means, five grand is a fair bit of cash to you to gamble.
Your investment could be lost on an airline strike in a foreign country or something as simple and workaday as coming down with an illness before you are scheduled to travel. What’s the answer? You buy travel insurance. You spent thousands on the trip, you want to make sure that you either get to go on the trip, can reschedule the trip, or can get that money back if something happens beyond your control. So why is your dream vacation the only part of your lifestyle that you insure?
George Strait once said “This dream vacation is a bad situation…” and there are a million ways that could be true about your dream vacation. You buy travel insurance at an average cost of between $250 and $500 for a trip that size because… Well, because that’s a fairly large investment and you want to protect it. So why on earth wouldn’t you protect your other lifestyle investments?
If you’re not clear on how you can protect all the other things you spend money on, don’t feel bad – fifty-six percent of Americans don’t have renters insurance! Some of those people don’t even know what renters insurance is, or how it can protect them. The vast majority of people want to protect their investments – whether it’s with travel insurance, errors and omissions insurance for their business, or even investment banks protecting their investments with credit default swaps. But the vast majority of renters don’t give much thought to how much of an investment they’ve made in their own lives.
Do you own a TV and some portable electronics? There’s a few thousand. Do you have kids? They’ve got thousands of dollars of stuff that you’d have to replace more or less instantly if it were to be lost in a fire. Do you have furniture? Any furniture at all? There’s a few grand. Do you have savings? They could be wiped out by a frivolous liability claim. Life is fraught with perils that can conspire to take away everything you’ve worked so hard for. And yet most people take that risk.
What’s difficult to understand is why most people take the risk of going without the coverage. There are some misconceptions surrounding renters insurance – some people think it’s too expensive, others think “it won’t happen to me.” Affordable renters insurance starts at around fifteen dollars a month, even less in many parts of the country. While it might not ever happen to you, one in four Americans will suffer from a devastating home fire in their lifetimes. You can mitigate those risks for a few dollars a month, and you probably should. If it would cost you more than $500 (a common deductible) to replace absolutely everything you own, renters insurance is a good bet to take.
It’s even more important to have renters insurance when you buy the travel insurance. You’ll be leaving your home unattended for days or weeks, and you’ve probably told everyone you know about this big trip that you have coming up. People talk to people, so your trip (and unattended home) are probably far wider knowledge than you’d like. You’ve spent far more than a few thousand dollars getting your home and life just the way you like them. If you’d spend a few hundred dollars to protect the trip of a lifetime, which might cost only a quarter or less of what replacing your possessions would cost, you should spend a fraction of that to protect your home and lifestyle.
It’s easy to get the coverage, too – in just minutes, you can be protected with a quick call to Effective Coverage or a few clicks online. Just call (800)892-4308 or click to get covered - whether you need 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.