What do you think your belongings are worth? Conducting a thorough home inventory might be an eye-opening experience since the value of your furniture, DVD collection, clothing, books and movable appliances can really add up. Without coverage, replacing these items could be a real financial hardship. With tenants insurance, you are covered.
Plus, if you have valuables such as expensive jewellery or collectibles, an endorsement to a tenants insurance policy can add to the policy’s provisions. This means that in the event of a covered loss, the amount of insurance is enough to cover the repair, replacement or cash reimbursement of the item. That also means that your expensive camera equipment or wedding ring can be covered too.
Tenants insurance provides protection against both property loss and liability (in the event that you cause injury or property damage) Students of Carleton University, University of Ottawa, and Algonquin College (or any student residence) should consider purchasing tenants insurance to protect their belongings while living in residence.