Even if you don't own a home and don't need regular home
insurance, you still need to protect your personal possessions.
You may also be held responsible for damages caused to the dwelling
in which you currently reside. Apartment and building tenants will
need tenant insurance, while condo owners will benefit from condo
Tenant or condo insurance, depending on which type you require,
will cover your dwelling's contents, any upgrades you've made, and
your personal belongings.
Why Do You Need Tenants Insurance or Condo Insurance?
Condo and tenant insurance keeps you protected against the
worst-case scenarios. As a tenant or condo unit owner, you will be
responsible if your actions are deemed to have caused damage
- Your apartment or condo
- Your neighbours' apartments
- The apartment building
- Any element of the property
Your condominium corporation has insurance, so you may wonder
why you need your own coverage. Here are some excellent
- Your condominium corporation's insurance policy only covers
items that are part of the building. You need your own insurance to
protect the upgrades (improvements) you, or prior owners of your
unit, have made inside your unit such as better carpets, flooring
and kitchen/bathroom upgrades etc.
- Your condominium corporation's policy will not cover your
personal contents. You need insurance for your furniture,
artwork and other personal belongings. Finally, and perhaps most
important of all, you need to protect yourself against personal
liability for injuries to visitors to your home or for damage you
accidentally cause to your neighbours' property.
The owner of the property you're renting almost certainly has
insurance on the building itself. They may also have insurance
coverage for certain items inside your rental unit, such as the
carpets, light fittings and appliances. So you may wonder why you
need insurance coverage too. Here are two key reasons:
- Your landlord's insurance will not cover your personal
belongings. Your furniture, jewellry, artwork, entertainment
equipment and other valuable belongings will not be protected.
- You may not be protected against personal liability should you
accidentally damage a neighbour's property or should someone be
injured while visiting your home.
Rhodes & Williams is your choice for competitively priced
tenants and condo insurance coverage. We've been around since 1935,
and our insurance brokers will find you the best tenants insurance
based on your unique needs. We offer advice and sound insurance
coverage for whatever you need.
Get a Tenants or Condominium quote now,
or Contact a Rhodes
& Williams Insurance Broker. We'd be happy to answer any
questions you may have about tenant or condo insurance. We'll work
with you to find the best insurance coverage, so you can enjoy the
peace of mind that comes with knowing you're completely