Solve Our Puzzle
Thank you for participating in August’s Newsletter Puzzle. After a random drawing amongst all of our correct responses, Our August winner is Dawn Cabral, who won a $20 gift card to Albertsons. Congratulations Dawn!
Solve this month’s crossword puzzle! Correct answers will be entered into a drawing for this month’s prize of a $20 gift card to Fred Myers. Read this month’s reminders and newsletter below for clues. Good luck!
1) Hard to believe School is already back! Summer is winding down, but we are still at least a month away from yard work winding down. Keep up on the mowing, weeding and pruning of perennials.
2) Please make sure your barbecue grill is plenty of distance from flammable surfaces. We don’t want another property going up in flames!
3) If your community has a pool, please check to see if pool hours have changed now that school is back. Be sure you are aware of the pool/clubhouse rules and abide by them.
4) Have you changed filters recently? Your lease requires you to change them every two months. Clean filters improves the performance of your furnace and air conditioner and keeps your air quality free of allergens and dust. If you don’t know where to find your filters, or how to change them, please call your property manager.If you have any maintenance concerns for your yard or your home please CONTACT US! All maintenance concerns should be submitted through property meld, accessed on our website, under the Tenant Tab – Maintenance Request – Submit Work Order.
Why You Need Renters Insurance
By Athena Savoglou
Renters insurance is that pesky thing you “should” have, but just never seem to get around to getting, despite it being required by your lease. Chances are, you may never need it. However, sometimes in life, disaster strikes.
Unfortunately, we recently had a real-life example of disaster striking our community. Last month, one of our client’s properties was severely damaged by an accidental fire. The fire began on the upper level deck of the duplex, and quickly spread inside the unit, destroying all the tenant’s belongings, including his car, and claiming the life of his beloved pet. Thankfully, our tenant escaped and is safe; however, all of his belongings have been lost and his home is gone. The other unit of the duplex also sustained water due to the fire hoses, as well as smoke damage, and the property is most likely beyond repair.
In cases like these, owning renters insurance is crucial. Most plans are very broad with coverage for any type of property damage (aside from intentional damage). Yes, this includes fire, weather damage, water damage, theft, personal injury, and the cost of temporary housing. Common plans cover $30,000 to replace personal property, with up to $300,000 in liability insurance. Should a tragic incident like the one described above happen to you and you have a renters policy in place, with policy terms as previously stated, you would walk away from the tragedy with $6,000 cash in hand to cover any immediate temporary housing, transportation, and personal needs plus $30,000 to spend on replacement of lost personal belongings. You would also be able to rest easy knowing any liability you might incur from the accident will be covered up to $300,000.
Conversely, if you are uninsured, you will be forced to bear the costs yourself. You could find yourself homeless, with no clothing - no furniture, kitchen wear, linens, electronics - in short, everything you owned that had been in the home, lost. And regarding liability, if you are at fault for the accident or incident, you may be held personally liable for costs to the extent of your ability. Your security deposit would most likely be used to offset the owner’s insurance deductible. Additionally, it is in the sole discretion of the owner’s insurance company whether or not to file charges against you to recover their losses.
Even if you are thinking to yourself, “I am responsible with my belongings and always keep my home safe and secure,” it is important to understand that sometimes property damage is not in your control, especially if you live in a multi-unit home or building. In yet another example, my fourth-floor neighbors had an issue with their stove while cooking, resulting in a fire that destroyed their entire apartment. Thankfully, no one was hurt. However, less foreseeable, was the water damage caused to all three apartments directly below the fire; some of these tenants were not even home at the time and returned to find their homes damaged. The moral of the story is, property damage can happen no matter how conscientious you are about your own unit so you should make sure you are protected.
If you don’t currently have renters insurance, please get coverage immediately so as to be incompliance with your lease agreement and, equally as important, to protect yourself and your assets. For your convenience we have provided a link for a free quote to obtain a popular and cost-effective renters’ insurance plan. Or, contact your own insurance agent. Please be sure to read the insurance plan thoroughly before you purchase it, so you understand exactly what the plan will cover.
Solve our Newsletter Puzzle for the chance to win a $20 gift card to Fred Myers!
Read this month’s reminders and newsletter for clues. Good luck!
If you have solved the crossword puzzle, please email your answers to athena.RMA@gmail.com. All correct answers will be submitted for a drawing for the prize.