Tenant Insurance

Do you know that your landlord has no legal responsibility to replace or pay for your personal possessions? Have you considered what will happen if your personal property was lost or stolen?

Your state of mind will be disturbed if you are not covered with the right coverage. As a tenant or renter, you will want to make sure that your contents will be replaced in the event of a major loss. Unless you’ve purchased a Renter’s Policy, also known as a Tenant Homeowner Policy, you could incur sizeable expense to replace stolen or damaged furniture, clothing, jewelry, IT equipment and other personal property.

You could have a legal responsibility to replace an entire apartment building even though you may be renting only a small part of it.  Your heating element or gas, for example, could catch fire, leading to damage by smoke, fire and water to the whole building. Or suppose a visitor slipped and fell and broke his leg in your apartment and sued you; you'd be responsible for paying any legally awarded settlement. Without a proper liability insurance, you could end up paying for a long, long time!

You need to discuss about the potential risks and select the coverage thats right for you. A specialist from Goldmine Insurance Personal Insurance can help you obtain the Tenant Homeowner Insurance that best meets your needs.

Some important coverage options include:

Personal Liability Coverage: if you are sued for causing accidental bodily injury or damage to the property of others this important Tenant Homeowners Insurance protects you.

Cash Settlement Option: If a covered loss occurs to your personal property, you can choose to receive a cash settlement, with no requirement to repair or replace the item.

Earthquake and flood: Most tenants' policies do not automatically cover earthquake and fold damage so it is important to know that it can be added at a little additional premium.

Theft Coverage: If your valuables are stolen, this coverage provides protection.

Replacement Cost Coverage: In the event of a loss to your personal property, replacement cost coverage safeguards you against depreciation and pays for you fully to replace the item.


Contact a GOLDMINE Specialist today info@goldmineinsurance.ca, or else can visit our Surrey location which is open 7 days a week.