Due to recent changes in Alberta, renters insurance is a much more common term than it has been in the past. This is because more and more landlords are requiring it because of the requirements placed upon them by the provincial government.
However, it should be noted that renters insurance is actually a very beneficial service. It provides peace of mind and comfort for those tenants who worry about their belongings or about the likelihood of an incident occurring in their dwelling. Plus, it gives landlords a similar comfort in that it allows them to ensure their tenants are upstanding and can care for their property sufficiently.
Separate from home insurance in Calgary, renters insurance is specifically designed for people who are in a rental agreement for their lodgings. However, like all insurance contracts, the details can be a bit difficult to understand. Therefore, there is helpful information available for you to review below:
What’s Included in Renters Insurance
One of the more obvious inclusions to your renters insurance is the protection of your personal property against theft or damage. This will often extend to areas on the same property such as additional storage in your underground parking area, or a separate garage or shed. It can also include personal belongings that are currently in-transit or being moved between countries, depending on your specific insurance plan.
As well, another common part of renters insurance programs is personal liability coverage. This is used in the event someone is hurt while at your home, or you unintentionally injure someone or their property. This is especially helpful for your peace of mind and is also often included in home insurance in Calgary coverage plans.
The third benefit of renters insurance is coverage for additional living expenses. This could include things like a hotel if your home is being renovated or repaired. It could also cover items that are stored while a child is away for schooling and many other circumstances.
Find the Right Insurance Broker
Finding the right insurance company to handle your renters insurance is imperative. You should look for a company that will represent you and your assets appropriately and one that has experience in renters insurance.
Furthermore, make sure that they are willing to accurately assess your case so that you are not paying extra for services that are unnecessary or not required. This will keep your bills lower, as will proper vetting and research of the company before you sign the agreement. Remember, insurance is there to protect you and what matters most to you and should be looked at as an investment in your safety, security, and protection.
Lakeview Insurance Brokers Ltd. has been a highly dedicated member of the Independent Brokers Association of Albert and has been family-run since 1979. Our brokers take the time to ensure you get the best policy that suits your needs. Contact us today to get started at 403-287-2521 or send an email to [email protected].