Tenant Insurance, Renters Insurance, and Condo Insurance are all basically the same product. In
most cases, a landlord will make certain that you have obtained coverage. It gets less cut and dry
when there are no checks in place. There can be misconceptions, and coverages may not be in
place to protect you. Do not assume that you have coverage in a claims situation. The sign of a
good landlord is one that requires you to have insurance.
As a Renter or Tenant, it is YOUR RESPONSIBILITY to get an insurance policy. This will cover you and
your belongings. Your landlord’s policy does not extend to cover you. These types of policies are so affordable! You’re not getting insurance for the building or room itself. You’re insuring yourself and
the belongings within it.
This is why we are so shocked to hear that many people are bypassing this type of coverage. Which
to us makes little sense.
Don’t put yourself at risk. Get the insurance!
This coverage is in place regardless if you’re in the dwelling at the time or not. To clarify let’s say you went away for the weekend. When you returned home you found that your rental incurred an
accidental total loss fire. Without insurance, you would have no recourse.
We hear about this happening all over Alberta. And it is shocking to find out that in most cases these renters do not have coverage. Under those circumstances, wouldn’t you rather have the policy?