You have tens of thousands
of dollars of property in your apartment at replacement cost, and you also have a future to protect from liability risks.
Likewise, in the event that you responsible for extreme damage, such as a condominium fire, you may be liable for hundreds of thousands
of dollars of property damage.
You have tens of thousands
of dollars of property in your apartment at replacement cost, and you also have a future to protect from liability risks.
It is also likely that not very many in the Rose Garden that day could imagine that severe drought would soon paralyze Texas and Oklahoma several years in a row, that massive floods would take hundreds of lives and destroy
billions of dollars of property, that glaciers would recede, coral reefs would bleach and die off, or that extreme weather events like Hurricane Sandy would bring New York City and much of New Jersey to its knees.
Regardless of how much money you make or what you own, you are bound to have
thousands of dollars of property in your apartment, like a wardrobe, pots and pans, and a bed.
A burst pipe above you could destroy tens of thousands
of dollars of your property, or an accidental fire next door could have the same effect.
If a neighbor left the water running and it spilled down into your apartment and damaged tens of thousands
of dollars of your property, would you be able to replace it?
The stakes are high, as nearly five million Americans and hundreds of billions
of dollars of property are located in areas that are less than four feet above the local high - tide level.
A burst pipe above you could destroy tens of thousands
of dollars of your property, or an accidental fire next door could have the same effect.
If a neighbor left the water running and it spilled down into your apartment and damaged tens of thousands
of dollars of your property, would you be able to replace it?
You can't afford to replace the thousands
of dollars of property in your home.