CAMP PENDLETON, California. Quiet Monday morning in beautiful Southern California. The sun has not yet risen, and a blanket of fog quietly covers the windswept hills outside your home. You hear a familiar sound on your phone, it’s a daily alarm at 05:00.
You reach for the phone and press snooze. “Five more minutes,” you say, slowly closing your eyes again. After about an hour, you will hear the alarm again. 0550. Your eyes are now completely open in shock. Oh no, you think to yourself. You are very late for work right now.
With a sudden surge of newfound energy, you rush into the bathroom and try to complete your normal 30-minute morning routine in a record five minutes. You stumble over a dresser. “Where is my other sock?” – you howl, rummaging in the dark. You rush to the microwave and toss your pepperoni meal. You collect your thermos and backpack and fly out the door.
After the morning traffic jams, you come to the office. Irritated and out of breath, you had two minutes left. Your stomach rumbles. “Oh no,” you say under your breath, you completely forgot to get your food out of the microwave.
Ten minutes pass, and your wife calls you. “The microwave is on!” You panic and immediately regret trying to make a hasty breakfast. After a few hours and gallons of water, the firebases have extinguished the flames, and your kitchen now looks more like a smoldering fire.
Fortunately, no one was hurt, but most of the drywall in your kitchen is completely charred. You are looking at your current insurance policy and it does not cover accidental structural damage to your home. You are now responsible for paying for all repairs. You think to yourself, “What should I do now?”
Renting a home is a huge milestone in life, but it also comes with many unfamiliar obstacles and responsibilities. To ensure that members of the armed forces do their best to protect themselves, their homes and valuables from any unexpected damage, renters are strongly encouraged to purchase a comprehensive tenant insurance plan.
Prior to 2015, privatized military family housing was limited by the prevailing Basic Housing Benefit (BAH) rates set by the Office of the Secretary of Defense (OSD), which allowed PPV Housing residents to automatically receive tenant insurance as a condition of their tenancy. … On January 1, 2015, OSD removed the tenant insurance component from the BAH rate calculation to slow the rise in compensation costs.
As privatized dwellings no longer provide personal property insurance, renters, both on-site and offsite, are now responsible for purchasing all of the renter’s insurance coverage, including loss or damage to their personal belongings and liability insurance.
“Tenant insurance offers more than one package of services to choose from,” said Magali Onello, head of housing claims at the family housing division at Marine Corps Base Camp in Pendleton. “I recommend to every tenant [whether renting on or off base] carry out due diligence taking into account the needs of the family With that said, renter insurance is one of the cheapest and most undervalued policies and offers great benefits. “
There are many options available when considering renter insurance. While each insurance agency offers its own unique insurance plans, they primarily focus on two main elements: liability insurance and personal property insurance.
Liability insurance helps protect your assets and future income. For this coverage, you will want to consider your net worth and the value of your assets, as well as your risk of being held liable for injury or loss. For example: you have a dog, or you live with roommates, or you seek to insure against any structural damage to the property itself.
Personal property insurance helps protect your personal belongings (like jewelry, electronics, military equipment, etc.). The amount of coverage you need depends on how much your personal belongings are worth.
“Tenant insurance is very similar to any other insurance,” said First Lt. US Marine Corps Sean Doublet, chief operating officer for communications strategy and operations at Marine Corps Air Force Base Miramar, California. “Plans are available, so if things go for the worse, you have the opportunity to file a claim and return and / or renovate your property. Renter insurance is important because when things go wrong, you will not, in most cases, have to pay out of pocket for the full cost of the damaged property. ”
Not having a comprehensive tenant insurance plan that protects against both liability and personal property loss is risky and can cause family financial hardship and avoidable debt.
“In the event of an incident, the tenant cannot be financially secured,” Onello said. “They run the risk of being financially responsible not only for their property, but also for the property of the lessor. Circumstances include, but are not limited to, theft, accidental flooding or fire, etc. “
Incomplete insurance can lead to the fact that in the event of damage to the structure, you will be held liable to cover the costs of repairs to your place of residence. This unnecessary embarrassment can be avoided by doing thorough research and choosing an insurer that offers comprehensive coverage that best protects you and your assets.
“For more information on tenant insurance, there are two resources available: External Referrals and the Department of Housing Protection,” Onello said. “These departments are knowledgeable in all areas of property management and will be able to direct service personnel to trusted companies and local agents who can help. These departments work as intermediaries to provide industry professionals with options that can enable the employee and his family to make the choices that best suit their family’s needs. ”
Military personnel must always be ready to respond to the call of the people in times of crisis. Unfortunately, a crisis can hit the home without warning. Each individual resident is responsible for making informed decisions about all matters relating to their home and for understanding the potential risks associated with abandoning a comprehensive tenant insurance plan, both locally and offsite.