As the number of Illinois residents renting homes dramatically increases, new survey released today by Allstate finds most Illinois renters are inadequately prepared to protect homes and belongings. Although homeowners coverage is required as a part of most mortgages, the approximate 1.2 million Illinois residents who rent their homes face no such insurance requirement. Without that requirement, just over half of Illinois renters (51 percent) report they have renter's insurance to cover their property in case of loss. In my opinion, if a disaster strikes, whether a fire, robbery or other tragedy, you will be devasted enough and won't want to worry about replacing your belongings.
In addition to purchasing the renter's insurance, I recommend protecting yourself by taking the following actions.
•1. Do a home inventory checklist.
•2. Take photographs or videotake your possessions to help document what you own. A picture is not only worth a thousand words, but it is worth a lot of headaches and aggrevation.....
•3. Go to www.allstate.com/renters-insurance to download a home inventory checklist and for more important information. The home inventory list can also be accessed directly here I'm not trying to push Allstate by any means, but they do have a good checklist. You can check other insurance companies for their own personal home inventory list.
•4. After you complete steps 1 and 2 place these important documents and pictures in a safe deposit box.
My job is to protect my clients in the entire rental experience.I recently wrote a blog post about protecting the lessee from the possibillity of the Lessor's foreclosure
Whether you are an executive of Motorola, HSBC, Allstate, CDW or any other company located in the Northwest Suburbs, contact me and I will find you the perfect rental opportunity. Currently, I have a penthouse rental available in Rivers Edge (425 Benjamin )in Vernon hills. It is completely furnished with stunning furniture. Call me or email me if you would like to see this gorgeous spacious condo.
If you want more information regarding specific real estate sales in the Vernon Hills area please do not hesitate to call me at 847-602-5435 or email me at info@buffalogrovehomes.com . I can help you in the purchase or sale of Vernon Hills real estate. I am available 24/7 to make appointments!
Visit my website www.buffalogroveareahomes.com or www.movetovernonhills. com and you can search for more information on any listing
;)
;)
Judy, Renters insurance is often overlooked in addition to everything else you had on your list. Many people have NOTHING. A fire at a rental unit can wipe out all they have.