In case Pi Day is not circled in red on your calendar, then we’ll remind you that each March 14th is celebrated worldwide as Pi Day in deference to a geek’s most revered irrational number known as Pi – or 3.141592653. But, this year, instead of just focusing on the first three digits of Pi, we can celebrate the entire ten-digit number on 3/14/15 at 9:26:53 a.m. It will likely pass unnoticed by many, but it is significant in that it only happens once in each century.
Not too impressed? Perhaps you’d be more interested in the Insurance Information Institute’s (III.ORG) contribution to Pi Day celebration: an infographic depicting 10 irrational insurance figures and facts.
One item on that list of irrational insurance facts relates to potential damages that can occur during a home burglary. Even if you are able to protect your valuables from a thief, that criminal can cause hundreds of dollars in damage to your home in the process of breaking, entering and searching. The III calls it irrational that only 37% of tenants carry renters insurance even though the III tells us that a policy to do that likely costs on average $187 per year.
You’ll find the other nine Irrational Insurance Facts and Figures just as interesting. You can find the infographic, “Irrational… Any Way You Slice It – Pi Day by the Numbers” on the III.ORG website.
Renters Insurance Tip
Many tenants mistakenly believe that their landlord has the burden of insuring the property and everything in it. It is not until they suffer a loss of their belongings through damage or theft that they find that the landlord only insures the dwelling and not the contents. If you rent your home, learn more about Renters Insurance and then check with your insurance agent to explore your options and get the renters insurance policy that is best for your circumstances.
Feel free to contact any of our very capable and experienced agents at the William M. Sparks Insurance Agency here in Lutherville/Timonium MD to discuss renters insurance. We can help you review your current insurance policy and explore your options to be sure you have the best coverage and protection according to your circumstances.