ECONOMICAL
SIMPLE
How to insure yourself when you are a tenant?
No less than 25% of Quebec tenants do not have suitable housing insurance. Usually because they think that the property does not belong to them, then they do not need to take out home insurance, which is dedicated to owners. However, this idea is false because habitat protection is intended and beneficial to all.
Home insurance for tenants makes sense in the event of incidents such as a fire that breaks out, water damage that harms neighbors, theft of various goods within the home, etc.
For a tenant, taking out adequate tenant insurance allows them to enjoy more peace of mind in the event of a claim. No one is safe from fire, theft or vandalism, and in the event of a disaster, replacing lost or damaged property is expensive. Even if the objects are not of great value, but the fact that you have to replace clothes, CDs, household appliances or other objects requires money. Expenses that burden the household budget and that can be avoided thanks to appropriate protection.
Legally speaking, the tenant is liable for all damage affecting the part of the building that he occupies, including those caused to others, whether they are residents or even guests. The tenant also assumes responsibility for the damage caused by his pet and can even be sued in the event of absence during the incident.
Protection for various types of damage
Home insurance for tenants allows you to take advantage of appropriate protection to cover both civil liability and the tenant’s personal possessions.
Basic tenant insurance usually includes personal property coverage that activates in the event of fire, theft or vandalism, in addition to liability protection. The latter is required when the tenant or his guests cause damage to the dwelling, the neighbours or the building.
Such insurance can be supplemented by additional guarantees covering personal property temporarily placed outside the home, civil proceedings in the event of bodily injury accidentally caused to others, among others.
What about the home insurance premium?
For people concerned about the cost of this insurance, it must be said that tenant insurance only costs a few dollars per month. Obviously, the amount of the premium varies depending on the accommodation, the property covered, the type of heating, etc. To save some money, it would be wise to group the different insurance policies (car, tenant, etc.) with the same insurer to benefit from significant discounts. Apartment insurance is a wise choice to counter the unexpected and to meet the expenses generated by a possible claim without burdening your household budget.
