Like so many other apartment fires, this one started in the kitchen of one resident. Apartment fires that start in the kitchen are nearly one hundred percent preventable with accessible fire extinguishers and devices under the vent hood that will dump dry powder on the stove when they take note of a fire. Unfortunately, not all residents avail themselves of such protections. Mistakes were made, but fires affect more than just the resident who starts them. Illinois Renters Insurance can help to avoid the problems that come with a negligent event that results in loss to others.
Sixteen people are now looking for homes and staying in very temporary accommodations because of the Midlothian apartment fire. Any of those people who have renters insurance will not need to come out of pocket for those expenses, however. Those residents with coverage can simply call their insurance company and start the claim process. They’ll have access to loss of use renters insurance coverage that will pay for their hotel and other additional living expenses that come with such a loss. For about fifteen dollars a month, those residents have access to thousands of dollars in coverage to make sure they can maintain their standard of living while their home is being repaired or while they’re searching for another apartment. This is especially important because getting an apartment anywhere around Chicago can be very difficult, as well as a lengthy process. Loss of use coverage on their policy makes sure that they don’t have to pay for the interim time because they’re covered.
Sixteen people have lost everything they own, burned to ashes. Furniture, electronics, even wallets in some cases, all reduced to literal dust in the wind. For those residents with Chicago Renters Insurance, that property can be replaced. They’ll receive the money they need to purchase new property at retail of like kind and quality because renters insurance generally includes replacement cost coverage. Those residents can go to the store, furnish their new home, and move on with their lives. Those without renters insurance will find themselves spending the next several years replacing their property piecemeal.
One resident is responsible for this fire through their own negligence. That negligence can result in them owing a significant amount of money. The building owner will want to recoup their deductible. Since it’s a pretty clear cut situation, the building owner’s insurance will probably make an effort to recover what they’ve paid out. Other residents who have losses in excess of their policy limits or who don’t have renters insurance are likely to be lining up to sue the negligent party. All of this adds up to six figures or more of damages that person will end up owing, and likely never being able to pay. That’s not even counting the cost of defending against all of those suits. If the negligent resident has renters insurance, their policy would pay those losses as well as the cost of defending against all of the claims. That defense is part of the policy, and would save this individual tens of thousands of dollars before the damages are even assessed. Renters insurance liability can help you to maintain your lifestyle instead of having to pay on those multiple judgements for a very, very long time.
The average policy in Illinois costs around fifteen dollars a month, and provides significant coverage you otherwise wouldn’t have access to. To find out how easily and affordably you can get covered, just call (800)892-4308 or click to get covered - whether you need Illinois renters insurance quotes online or coverage anywhere else!
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