If you rent your apartment, tenant insurance is a requirement when leasing an apartment with Shiplake Properties. It also provides you with the peace of mind knowing it’s available to replace your belongings after a loss due to theft, fire or water damage. Insurance pays for extra costs to help you get back on your feet after a loss. Insurance also protects you if someone gets hurt or someone else’s property gets damaged because of your negligence.
Insure Your Belongings
The personal property portion of a tenants policy covers the cost to repair or replace your belongings if they were damaged by fire, certain types of water damage or stolen. Think about your clothes, household items, toys and electronics- imagine having to replace all of those items at once. Even if you think your belongings have little value, you might be very surprised by how much it would cost you to replace everything. A tenants policy ensures you can replace yesterday’s purchases at todays price tag!
To Cover Your OTHER Needs After A Loss
If there was a fire in your apartment and you were forced to leave the building until the damage was repaired, where would you stay? If you were without a kitchen, could you afford to dine out every night?
A tenants policy pays for any necessary expenses while your apartment is being repaired, such as hotel, bills, restaurant meals and moving costs. This coverage is called “Additional Living Expenses” and it pays for unexpected expenses because you are not living in your home. This coverage is subject to certain limits.
Protect You In The Event Of A Lawsuit
In addition to your belongings, a tenants policy protects you from lawsuits involving bodily injury, or property damage that you or your family member- and in some cases, pets – cause to other people and their belongings.
If you start a fire, which damages not only the contents of your own apartment, but also your neighbours contents and any part of the building, you can be held responsible for the cost of that damage.
If someone slips and falls in your apartment, you could be held financially responsible for the cost of the injured person’s pain, suffering and medical bills.
Coverages are for the cost of litigation, any court awards, up to the limit of your policy, and covers you at home or away.
We can help give you peace of mind by helping you protect what matters most.
Get a quote for tenants insurance today!
Click on the image of the building you live in to fill out an online quote form.
Do you have a home based business? What about expensive jewelry or other valuables?
Did you know you could include this on your tenants policy?
Contact us for more information.