How to Protect Your Assets Even If You Rent
Even if you do not own your own home, you probably want to protect your assets and ensure that if anything unfortunate should befall your possessions that you are able to take care of the expenses. Luckily, even though certain forms of homeowners insurance are not going to be available to you, there will be a number of steps or options available to you that will allow you to protect your assets, even when you do not own your home. Take the following into consideration when looking for ways to protect your assets as a renter;
Renter’s insurance is the most common way to protect your assets as a renter. The best part about renters insurance is that it is usually relatively cheap, usually costing no more than $25 per month. Depending on the policy, you will likely be covered in nearly any situation you can think of. Most policies will cover you in case of water damage, or fire damage, and will allow you to be reimbursed for the items that were damaged in the process. So, if you were to require a New roof or basement following a natural disaster, your insurance policy would likely cover that. Many apartment complexes will require that you have renter’s insurance in order to move in, both to protect you as well as the complex that you are moving into. Of course, this will depend upon the complex or landlord and will not be required for everyone but will likely be a good idea to invest in no matter where you stay.
One of the best ways to protect your possessions in a property that you are renting is to install a security system. There are multiple types and each of them should come with a sticker that you can post at various points around the property to deter would-be criminals and thieves. A system bought from Verisure Alarm Systems Ireland or a similar provider is comprehensive and has a wide range of security and monitoring features. Such systems would not only deter criminals but will also alert your neighborhood or police (depending upon the security system) that something may not be completely right sounding an alarm.
Another option which can be combined with a security system is the installation of cameras on the property. This provides a number of different benefits. First of all, if someone does break into the property, you will have a video of the theft that you can use to help catch the criminals. Additionally, having cameras installed on the property can also deter potential thieves, because they know they are being monitored and recorded. It can prevent porch pirates from stealing packages, and can also help to reduce the risk of more serious crimes like burglaries and vandalism. Cameras make for an excellent option to help protect your property and assets when renting a property.
Neighborhood Watch Areas
Finally, you should pay special attention to the neighborhood that you are moving into if you are worried about protecting your assets. Try to avoid moving into areas that have higher crime rates to avoid having to deal with potentially dangerous situations. In particular, you should look for neighborhoods that take security very seriously, and have involved neighborhood watch members that watch out for each other’s property. By living around people that will watch out for you, the chances of having to deal with property damage or theft are reduced greatly.