It’s not a secret that the recession is still upon us. Statistics Canada has just released its 2010 findings as of the month of February. The results show the unemployment rate increased from 6.6% to 6.9% in one of Canada’s richest and most lucrative provinces. The recent 15,000 job losses in Edmonton, Alberta’s capital city, most certainly does not help to reassure us the recession is over or that ‘extra’ spending is a wise idea.
Things such as personal alarms and property insurance may have been bumped from the list of immediate necessities as many of us are trying to cut back on our monthly costs. Although so many people are continuing to penny-pinch and save wherever they can, there are always inevitable and unexpected expenses.
These expenses often seem to appear when we can least afford them. Large events such as emergency medical or dental costs, a sudden death or a home robbery without insurance are a few of the things that could be detrimental to our financial situation and sink us into heavily into debt.
National Statistics reports a whopping 8,000 home robberies each and every day across North America. These are the robberies that are actually reported. The numbers combined with the non-reported invasions would obviously read much higher. Considering this high number of robberies, Statistics Canada also reports that the rate of break-ins is down and has reached its lowest level in almost 40 years due to the increased use of home security systems.
Whether you’re a renter or a homeowner, residential property protection is a good idea. The cost to replace a standard flat screen television is more than the average annual premiums of residential property insurance or the upfront installation of a residential security system.
If you take into account the risks and what’s at stake, protecting your residential property with insurance or a personal security system is not a bad idea. It’s not necessarily something to consider as an ‘extra’ expense. If the up-front fees are not part of your budget, perhaps getting a loan to cover the immediate fees is worth thinking about. For those suffering from bad credit, with no hope of a loan from a standard financial institution, a car title loan is a secured loan tailored specifically to those with bad credit. Easy, no obligation on-line applications and an answer within 24-hours are most certainly worth the time. If you need extra money and simply cannot wait, consider a private car title loan. It may offer a great solution and help protect you when you need it most.
