renting? get insured with tenants insurance
Protect yourself and your belongings from unexpected damage or stolen items. Visit a Maxxam Insurance location local to you in Victoria, Nanaimo, Burnaby, Penticton, and Kelowna. Find a brokerage near you here!
what is tenants insurance?
When you rent a house or an apartment, the property owner’s insurance only covers the cost to repair the property from fire, flood, or other catastrophes. Protect yourself and your personal possessions with Tenants Insurance.
what to consider when purchasing tentants insurance:
Personal Liability: Financial coverage in the event accidental injury or damage is caused to property of someone else.
Water Back-up: Coverage against sewer back up.
Valuable Articles: Additional coverage for family heirlooms and valuable collections, this coverage also provides protection for your jewelry, art, collectibles, antiques and memorabilia.
Cash Settlement: Instead of repairing or replacing an item, you have the option for a cash settlement.
Replacement Cost Coverage: Cost to replace lost items - regardless of current value to date.
Theft: Last but not least, theft coverage offers protection again stolen property.
The home insurance policy held by the home owner typically only covers the property and building structure, in case of damage or destruction. Therefore, if there was a fire — the tenant would have no coverage for personal possessions if they do not hold tenant insurance.