Tenants Insurance, Chatham, ON
Tenants insurance covers the contents, not the building, as well as certain liability situations.
Tenants of both residential and commercial properties need to minimize their financial risk should something go wrong. At St. Clair Insurance Brokers Inc., we offer a variety of tenants insurance coverages so that we can provide you with the right coverage and policy limits for your situation. We take the time to learn about you and your assets so that we can advise you about a policy that works best for you. Tenants insurance will give you peace of mind that you will not suffer a devastating financial setback if something were to damage your belongings, or if your actions inadvertently caused damage for another tenant.
A rental property will be insured by the property owner for the building itself, so tenants insurance only needs to cover the contents and liabilities related to you as a tenant. As it doesn’t cover the building, tenants insurance is one of the most affordable insurance coverages you can purchase. The actual cost will depend on the amount of coverage you want, so it is helpful to determine the value of your belongings, both from a standpoint of original cost and replacement cost.
We will also review other things that tenants insurance could cover depending on the policy you obtain, such as repairs if you accidently damage someone else’s property, a guest’s medical bills if you are responsible for their injury, and living expenses if your residence is uninhabitable after a loss. We will also discuss what you own and whether you may need additional coverage for certain belongings, such as a rare coin collection, high-end electronics, or expensive jewelry.
If you would like to know more about tenants insurance for the home or business property you lease in the Chatham, Ontario area, don’t hesitate to give us a call.