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During music festivals similar to SXSW, hundreds of thousands gather for great music, indie films and of course fun with friends in one of the greatest cities – Austin, Texas. Patrons may not be aware that during these amazing events, there is a spike in theft and damages, which can definitely put a damper on your week. Imagine sitting at Zilker Park listening to your favorite band when someone comes by and swipes your wallet or purse. Unfortunately, incidents like this can happen as you are being shoved around in the crowds, simply walking to the next SXSW event, and even items you left in your car can be stolen. Alas, there is some hope!
Did you know Renters Insurance covers 10% off premises?
You heard me right! If you have invested in Renters Insurance or Homeowner’s Insurance, your personal property coverage will cover 10% off premises due to theft or perils, which includes property stolen from your car or away from your residence. In other words, if you have $20,000 of personal property coverage on your renter’s policy, you would have $2000 of coverage for property stolen away from your home –after you pay your deductible, of course.
Related Video: Why Have Renters Insurance
Here are a few recommendations to prevent theft at SXSW:
- There are a lot of cool artisans out at SXSW. If you find some cool Austin art, but don’t have time to haul it back home before the next show, be sure to hide them in the trunk or under blankets where there is limited visibility.
- Ladies, try carrying a cross body bag instead of a tote where it is harder to swipe off your body, and be sure to keep it zipped!
- Men, it can be very easy for people to swipe your wallet out of your back pocket, especially in crowded areas. Be smart! If you can get away with carrying your essential credit card and ID in your coat pocket, that may be best.
It’s always a good idea to know how much personal property coverage you have on your homeowner or renters policy to make sure it is enough.