Personal Policy

Tenant

When renting a house or apartment the landlord may have insurance on the apartment building or dwelling but what about your personal belongings? In order to ensure coverage for your belongings you will need tenant policy to meet your unique insurance needs. There are a variety of options in order to tailor your coverage to your needs as well as numerous beneficial standard features like:

  • Replacement cost of your belongings at today’s prices instead of a depreciated value (limitations may apply).
  • Cheque forgery, counterfeit money and loss of credit or debit card.
  • Associated debris removal costs.
  • Inflation protection
  • Expense of mass evacuation
  • Damage to improvements you’ve made to the premise.
  • Increased living expenses and lost rental income after an insured loss.
  • Damage to shrubs, trees and outdoor plants.
  • Damage to the belongings of household employees or guests.
  • $1 million limit in personal liability coverage which includes court costs, legal fees and certain other expenses associated with your defense in the event of a liability suit as well as voluntary medical payments up to $5, 000 and up to $5,000 in voluntary property damage payments even if you’re not legally liable.

There are also numerous discounts you may qualify for if:

  • You haven’t had a claim within the past 3 years (or more)
  • Your home is equipped with an approved home security system
  • You choose a higher deductible
  • Your age and numbers of years continuously insured qualify
  • You live in a fire resistive building
  • You live above the third floor