It was extremely sad to hear, and read, about the big fire at the Fontanelle condominiums in Wenatchee over the week-end.   According to reports, 6 condos were totally lost, eleven more were evacuated and there may be damage to others.  Monetary damage estimates are up to $2million. 

 
Although, one can never replace certain family treasures, it is a good time to remember to carry adequate contents insurance.  This is true for homeowners, tenants and investors.


So, a reminder to investors:  Do you encourage your tenants to get contents insurance?  If not, I highly recommend you do something to verify you have recommended it. 


A reminder to tenants:  Do you have contents insurance on your personal belongings.  Your landlord has insurance on the structure but not YOUR personal belongings.  The cost isn't as much as you might think... probably about $15 per month for $30,000 of coverage.


A reminder to homeowners:  Your homeowners policy covers the structure and an allowance for contents.  However, if you have irreplaceable family treasures (pictures in particular), I suggest you get copies put on a CD and put them in a safe place such as a safe deposit box.  I had ALL of my old family pictures put on CD and they have been safely tucked in our Safe Deposit Box at a bank for several years. 


My sincere sympathies to all the families affected by the recent fire.  By the grace of the Good Lord, no-one was hurt. 


Best Regards,


Broker, ABR, E-PRO, GRI
2009 President-Elect NCW Assn. Realtors

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www.WillingerRealEstate.com
Willinger Real Estate (& Property Management)
Carol Williams CarolWilliams@charter.net
Shelley Granger ShelleyGranger@charter.net


1642 Stella Ave., #1 * Wenatchee, WA 98801
Office:  509-470-6012