Buzz
Renters insurance is affordable and provides coverage for incidents like earthquake damage or theft. If you haven't yet, the holidays are a great time to take care of it.
According to U.S. News, some accidents are more frequent during this time of year. For instance, the Red Cross reports that candle fires are four times more likely to happen around the holidays. It's not surprising—common fire hazards include Christmas trees, space heaters, and candles. This statistic alone highlights the importance of having insurance. They state:
Renters insurance safeguards your belongings in the event of a fire, even if it starts in a neighboring apartment. It can cover smoke damage to your possessions. Additionally, the holiday season is the ideal time to inspect your smoke detectors to make sure they are working. According to the NFPA, a properly functioning smoke alarm cuts your chances of dying in a fire by almost half.
For more details, check out their full article.
Photo credit: jo-marshall (formerly Jo-h).
