Please be advised your landlord does not carry tenants insurance on your behalf.
THEREFORE… it is important you carry tenant insurance.
- insure your personal property – in the event of a loss such as fire or theft – your loss will be paid for on a replacement cost basis – that is the new price today
- your personal property is insured away from your apartment – eg: personal property stolen out of your vehicle
- additional living expenses coverage – will pay for another place to stay if an insured loss occurs and you cannot live in your apartment while it is being repaired
- VERY IMPORTANT – if you cause a loss due to your “negligence” – such as a fire from an unattended candle or pot on a stove – you may be held responsible for the loss by the apartment owner’s insurance company.
For more information contact your local insurance broker.