Renter’s insurance, tenant insurance, content insurance, whichever term you use, insuring yourself and your contents from a major financial loss is very important.
The evening news regularly covers stories of apartment fires which force dozens of people into the street with little else but the clothes they‘re wearing. They are often left to rely on community services or the goodwill of others to try to get their lives back together. It is amazing how many people don’t understand the affordability and availability of insurance that would cover most, if not all, of their losses.
The loss of worldly possessions is a major financial setback for most people. Often the value of a person’s contents is undervalued. Trying to put together a basic wardrobe could cost upwards of a $1,000— and don’t forget furnishings, food, personal items and other incidentals on top of that.
Rental insurance not only includes contents. Additional living expenses that are incurred due to a loss are also included. These expenses are the normal costs of living elsewhere while your residence is being repaired. Additionally, legal liability coverage is included to protect you against any lawsuits brought against you for which you are legally liable. This applies to you on a worldwide basis.
The cost of insurance can be as low as $1 per day and can often be put into effect the same day an application is made. Contact Valley Wide Insurance in Abbotsford, BC, today for a free tenants insurance quote.
This information is for reference only and is not intended to be a complete list of exposures or recommended coverages.