Talk to us about tenant insurance which is more valuable and affordable than you might think.
A common misconception among tenants is that the property owner’s insurance will cover their belongings in the event of a loss. The reality is that your building owner or landlord’s insurance only covers the building itself, and you must obtain your own tenant insurance if you want to avoid suffering financial loss in the event of a fire, flood, burglary, or other event at your Woodstock, Ontario apartment. Your landlord’s policy also won’t protect you in the event of a liability lawsuit.
Here at Jamieson-Hilts Insurance Brokers Ltd., we can help you obtain a tenant insurance policy that will give you peace of mind, so you won’t have to start over or face financial hardship due to a loss. A combination of contents coverage and liability coverage with coverage limits that suit your needs is more affordable than you might think. In fact, an annual premium is often lower than what it would cost to replace just one damaged item, so it‘s worth it to carry this valuable coverage. We can also discuss bundling it with other insurance coverages to save you even more.
Tenant insurance, also known as renter’s insurance, is the best way to protect the things you have worked hard to obtain. When you add in the liability coverage and coverage for living expenses should your apartment not be habitable after a fire or flood, having this coverage is vital for your stability and peace of mind. Be sure to let us know about any expensive items you have that may need additional coverage. We will also go over the difference between actual cash value and replacement cost, so you can choose the best option for your situation. Contact us today to learn more.