Providing Tenant Insurance To All Renters In Alberta
You may be surprised that your personal belongings are not covered under your landlord’s home or condo insurance policy. If you have a loss (fire, flood) that destroys your personal items – you could owe thousands of dollars. To get the coverage you need for your clothes, furniture, and other items, you must carry a standard tenant insurance policy, or risk losing everything.
There are substantial risks to going without renters insurance. But what type of coverage do you need and to what extent are you covered?
Tenant Insurance Coverage
All risks (named perils): this covers your personal belongings after a hazard (e.g. flood, fire), except for certain perils, which will be clearly stated in your insurance policy.
Personal liability: if a friend or relative is visiting and slips and falls, injury expenses are covered, up to certain policy limits. Liability coverage also protects you if you get sued.
Additional living expenses: if you’re required to vacate your apartment or condo due to a fire or flood and find temporary accommodations, this protection has you covered.
You can’t replace your sentimental items but you can have financial protection after a loss.
Tenant Insurance Benefits
Protect your items anywhere
Your personal belongings are covered at home and when you’re on the go. If you’re at a coffee shop working remotely and someone steals your laptop, for example, you’ll get reimbursed for the loss if you have chosen the proper coverage.
Bundle and Save
Bundle more than one policy with your insurance provider. Combine your tenant insurance policy with your auto policy to save on your insurance premiums. Every insurance company calculates their rates differently; we can help you find the best rate.
Choose replacement cost
You can decide whether you want to have your personal items replaced for the same price you bought them for (replacement cost value), or at the price that the item is worth the day of the loss (actual cost value).
Find a Link Broker
We help you when it’s most convenient for you. Get in touch with one of our mobile brokers, or visit us at one of our 9 locations in Alberta.
Our Insurance Providers
We treat you like family. Since 1983, Link Insurance has partnered with major insurance companies to give you first-hand access to competitive rates and great customer service. Our skilled brokers will walk you through your insurance policy documents and translate the often-complicated insurance lingo.
How Much Will I Pay for Tenant Insurance?
The average cost for a basic tenant insurance policy is $25 to $40 a month but will vary depending on the content coverage and the building you live in. For a relatively small cost, your stuff will be covered in the event of a loss, such as a fire or water damage.
Why take the risk of going without insurance that will protect you when you need it the most?