Many tenants assume their property is covered under the landlord’s insurance policy. However, when catastrophe strikes, they may be left with little or no recourse to recover, since their landlord’s policy covers the building or home they rent, but not the personal property stored inside. Renters insurance provides financial reimbursement to cover the tenant’s lost […]
According to the National Fire Protection Association, “in 2010, an estimated 16,800 reported U.S. non-confined or confined home structure fires involving clothes dryers or washing machines (including combination washer/dryers) resulted in 51 civilian deaths, 380 civilian injuries, and $236 million in direct property damage.” The leading factor contributing to the fire incidents (at about one-third) was the user’s failure to […]
