What is tenant insurance? Feb 20th

How to go about securing the best policy for your insurance in Canada.
Latest News

Do I really need life insurance? + MORE Jul 31st

Life insurance shouldn’t be one of those things you put off thinking about—because you (and the people who depend on you) could need it at any time. But many do wonder if it’s worth the monthly premiums. How do you know if it’s necessary? Why do we need life insurance anyway? “In gener.... More »
 online insurance

What is comprehensive insurance and what does it cover? + MORE May 23rd

Comprehensive insurance essentially covers you for things that happen to your car that aren’t caused by you or another driver. Think of it this way: If collision insurance covers you for accidents, comprehensive insurance covers pretty much everything else that could happen to your vehicle. It pro.... More »
 renter's insurance

Home insurance isn’t immune to inflation. Here’s how experts say you can lower those costs Jul 19th

Simply shopping around to different companies and double checking the coverages you actually need can save you cash at renewal time.... More »
 travel insurance

Canada’s best credit cards for travel insurance 2022 May 19th

If you’re planning to travel this summer, you’ll need travel insurance if you plan to go out of province. These days, many of the credit cards available include some kind of travel insurance. While that’s a great selling feature for these cards, savvy Canadians know that not all insurance is c.... More »
 commercial insurance

Canada’s Best Visa Credit Cards 2022 Apr 13th

When consumers shop for a new credit card, they typically look at the ability to collect points, the insurance coverage offered, fees and interest rates on unpaid balances—not at the credit card company itself. But if you already have an account with RBC, CIBC, Scotiabank or any other Visa issuers.... More »

What is tenant insurance?

– moneysense.ca

Tenant insurance, also known as renters or contents insurance, is one of the costs of adulting that seems to have no payback. But the reality is that you likely can’t afford not to have tenant insurance. The cost of a policy (which can range from $15 to $30 a month) is a small price to pay when you consider that it protects your valuables, against liability in case of an accident and, ultimately, peace of mind.

What is tenant insurance? 

In its most basic form, tenant insurance is coverage that protects you and your personal items if you rent your home. But according to the Insurance Bureau of Canada (IBC), tenants are also legally responsible for property damages—accidental or otherwise—and for any injuries their visitors may suffer. Tenant insurance protects you against that too. 

If you cause a grease fire, for example, and there’s smoke damage to your apartment, your neighbour’s apartment and communal areas outside of your rented space, you’ll have to cough up all related expenses…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!