What Does Back to School Really Mean? The Importance of Renters Insurance

The beach parties, summer vacations and sleeping-in is officially over. Summer tans are fading away as your college student(s) heads back to school. They have packed their boxes, bought a new laptop (or tablet), purchased a new flat screen television and loaded up all their school supplies. The last thing they are thinking about is protecting their stuff from a fire, theft or careless accident. But someone should be thinking about it, and that person should be you.

First you’ll want to ask yourself, is your child living on or off campus? If they are living on campus, most homeowner’s insurance or renter’s policies extend to kids living on campus. So if something were to happen in their dorm – like a fire, or a theft, your homeowners or renter’s policy should cover the losses. As always, check with your agent to confirm your coverage and whether it extends to your child living on campus.

However, if they live off campus it’s a different story. If your student is renting a condo, house or apartment (not in relation to lodging provided as part of the student’s tuition), then their expensive and important belongings are unprotected. And if you’re wondering whether they really need to protect those belongings, then imagine this:

Your student has all kinds of electronics in their rented home. An apple TV, smartwatch, laptop, desktop, smartphone, a printer, brand new TV, stereo, etc. Not only do they have electronics, but brand new furniture, musical instruments, sporting equipment and even precious and expensive jewelry, not to mention text books. They decide to throw a house party, inviting their closest friends who in turn invite their friends and eventually it gets out of control – careless mistakes start to happen. Someone accidentally starts a fire and it burns the entire home to the ground. A “friend of a friend” sees where you live and breaks in to steal most of your electronics. A tornado hits the ground and destroys everything in it’s path. Now, shouldn’t you consider renter’s insurance?

Here’s something that may seal the deal. Naturally, coverage limits will vary, depending on what exactly you’re protecting. But thankfully, unlike your typical homeowners insurance policy, renters insurance is a small price to pay. We aren’t joking! It’s your typical weekly coffee splurge or “out to eat” budget. With renter’s insurance also covering liability, along with temporary living expenses in case of serious damage, you’re looking at a minor output that gives major protection. It’s a cheap peace of mind! Isn’t this worth considering?

The time is now, before new friendships are formed, the parties start, and the carelessness takes over. Less worries and more focus will be had by all. Get a list together of your child’s belongings and contact a Bankers agent to review our renters insurance policy today! Let us ease your worries and protect what’s important to your family.

Five Things You Need to Know About Hurricanes

You hear the wind blowing across your roof, your cell phone screeches out warnings of tornados and rising water, then, all of a sudden, the power goes out. Your pets are hiding under the couch, you’re rushing around trying to find flashlights, wondering if it’s time to evacuate…

Hurricanes are scary and dangerous storms with a series of hazards that can impact your property long after the wind and rain dies down. Understanding these five hurricane-related hazards will help protect you, your family and property against these unfriendly scenarios.

STORM SURGE:

Storm surge is a rise of ocean water generated by a large storm. As ocean levels rise above regular astronomical tides, coastal flooding can extend inland, eroding beaches and roadways.

How to be prepared:

  • Make an evacuation plan
  • Monitor the weather, local advisories, watches and warnings
  • Have a plan, before you evacuate, to board up doors and windows, remove or secure all objects in yard and turn off utilities
  • Never attempt to cross flowing water when driving. A few inches of water can cause you to lose control of your vehicle.

HEAVY RAINS AND FLOODING:

This is caused by rising levels in lakes, creeks, rivers and other inland bodies of water caused by widespread, torrential downpours.

How to be prepared:

  • Get to higher ground, especially get out of areas that have potential for flooding
  • Avoid areas that are already flooded; do not attempt to drive through them
  • If you need to evacuate your home, turn off utilities and unplug appliances

HIGH WINDS:

High winds are considered winds of 74+ mph and gusts of 100+ mph. Each hurricane is always categorized as a number. Category 1 has winds between 74-95mph. Category 2 is 96-110 mph. Category 3 is 111-129 mph. Category 4 is 130-156 mph. Category 5 is 157+mph.

How to be prepared:

  • Always check to make sure your home meets building code requirements for high-wind areas
  • Trim dead wood and weak branches from trees and shrubs to reduce the amount of potential wind-born debris
  • Protect windows with shutters and plywood
  • Reinforce your garage door, as it is frequently the first area of a home to fail against high winds

RIP CURRENTS:

Rip currents are strong channels of water flowing away from shore. Breaking waves spurred by a tropical storm can cause deadly rip currents to develop on coastal beaches.

How to be prepared:

  • Follow flag warnings posted at the beach
  • Stay at least 75 feet away from piers and jetties when swimming. Rip currents are often found alongside stable structures
  • If caught in a rip current, remain calm to conserve energy and think clearly; never fight the current
  • Swim your way out of the current by following the direction of the shoreline and then start swimming at an angle

TORNADOES:

Tornadoes are rotating air columns caused by thunderstorms and warm, moist air that can accompany tropical storms. Tornadoes are often  spawned both away from and near the center of the hurricane

How to be prepared:

  • If you live in a mobile home, get out and move to a pre-established sturdy location
  • Move big furniture away from mirrors and heavy objects hung on walls
  • If you have time place heavy items on lower shelves to prevent them from falling onto you during the storm.
  • Seek shelter in an interior room in your house away from windows

Understanding these 5 hurricane hazards will help you better plan for hurricane season. Just because we are in the middle of it, doesn’t mean you can’t start now. Get your plan in place today! Contact a Bankers agent if you have any questions about any hurricane related hazard.