If you pay rent, whether you live in a condo, apartment building or basement apartment, you can protect yourself and your belongings with apartment insurance. Also called tenant insurance or renters insurance, apartment insurance can be very affordable and landlords often require that their tenants have insurance before they will sign a lease with them.
As a renter or tenant, you are responsible for any damage you cause to the building you live in, even if it was accidental. If you unintentionally cause harm to other tenants or visitors to the building, you can be held responsible to pay damages to them awarded in a lawsuit. Consider these scenarios:
Standard apartment insurance provides protection in three main ways:
For as little as $15 per month, and maybe even lower depending on where you live in Ontario, you can be protected with tenant insurance. Some of the factors that will influence your rate are:
If you have a car insurance policy, you may be eligible for a 10-15% discount on your auto insurance when you have apartment insurance as well.
Our team of experts will make any type of insurance easy for you since we represent over 40 of the best insurance companies in Canada. We’d be happy to answer your questions and provide competitive quotes with no obligation. Call us today at 1-800-731-2228 or email us at firstname.lastname@example.org.
Want to add to this story? Let us know in comments below! Mitchell & Whale is a fast-growing insurance brokerage in Ontario, striving to make insurance _not suck_ one customer at a time. Give us a call today to discuss any of your insurance needs at 1.800.731.2228.