Q: We are selling our home and moving to a retirement community. We're electing to lease a home for the first year to make certain it is the environment we would like to live in permanently. We realize that because of inflation and market fluctuations, we might have to pay more to buy later, but that will be OK.
Over our lifetimes, we have collected what we consider to be nice furnishings, and we are in no financial position to replace them. Also, our new location is on the fringe of a major city, so security could be an issue. Our friends recommend we buy rental insurance. Naturally, we would prefer to save that money.
What are you opinions on rental insurance?
A: Rental insurance is a low-cost and wise choice. Because you are uneasy and feel at risk, you should buy it. You can budget the cost into your move.
Rental insurance has been undersold, as less than half of renters buy it. The landlord's policies do not protect your possessions, so you would be liable in the case of a disaster.
This insurance offers available coverage for loss by fire, burglary and events such as injuries to guests. The premiums are based on your qualifications, choice of coverage and state laws. You can also include expensive jewelry and electronics.
It's easy to find insurance agents, so don't wait. You can save yourself time by listing and totaling the value of your furniture, clothing, appliances and other valuables before contacting an agent. You might be surprised by how much you own, and having a safety net will help you sleep better.
If you don't elect to buy insurance, you run the risk of realizing its value only after it's too late. — Doug
Q: I've invited my three grandchildren to visit me before they begin the school year. We live on other sides of the country and don't get to see each other often, so I'm excited to see them.
Because I don't see them regularly, I want to make sure that we have a fun, memorable time. What can I do to make their visit enjoyable?
A: Find activities that you can enjoy together. More than anything, they will look back fondly on the time you spend with each other.
Plan at least one activity specifically for each child. If one of them is interested in sports, you can go to a game or bring them to the park. Other possible interests might be games, art, nature and theater. Ask their parents what they might like to do.
It's better to have too many options than too few. You can play it by ear and ask your grandchildren what they're excited to do. Also, consider any local places of interest that they won't find in their hometown.
Because they (and you) will need some downtime, provide some things they can do to relax, and give them space. It's easy to grate on each other's nerves if you spend every minute together! — Emma, Doug's granddaughter
Doug Mayberry makes the most of life in a Southern California retirement community. Contact him at [email protected] Emma, Doug's granddaughter, helps write this column. To find out more about Doug Mayberry and read features by other Creators Syndicate writers and cartoonists visit the Creators Syndicate website at www.creators.com.