Tenants Contents/liability insurance
Jun 22nd 2018, 11:44 pm
#16
BE Enthusiast
Joined: Sep 2016
Location: Calgary, AB
Posts: 327
Re: Tenants Contents/liability insurance
We live in a 2 bed house in Calgary and rent a house from the University. Our tenancy agreement said we had to have $1million liability coverage so we set our contents home insurance & the liability coverage up with TD. We didn’t really shop around too much to be honest because it seemed cheap enough- we just called and did it over the phone- we pay $260 a year for that. So $800 sounds a lot. :-/
Good luck.
Good luck.
Jun 23rd 2018, 2:09 pm
#17
BE Forum Addict
Joined: Jun 2015
Location: Vancouver BC
Posts: 1,706
Re: Tenants Contents/liability insurance
We pay around $35 a month with RBC in Vancouver so $420 a year. That's on a one bed 1 bath condo. It is worth understanding some of the geohazards in Canada and how they might impact insurance. For example living in Vancouver I have earthquake damage insurance. In Toronto you will probably want to make sure you have insurance against freezing pipes and snow/ice damage. You questions why a renter would need snow or ice damage to roof and sewer back up but if those events happened it would likely damage your possessions so would need insurance to cover.
Last edited by Engineer_abroad; Jun 23rd 2018 at 2:12 pm.
Jun 24th 2018, 9:36 pm
#18
BE Enthusiast
Joined: Sep 2008
Location: Sittin' pretty on The Prairie in Alberda
Posts: 635
Re: Tenants Contents/liability insurance
Thumbs-up for Zipsure! I had them in NS - just $15/mth.
ADVICE - I STRONGLY recommend, as someone who works in property rentals, that you get tenant's insurance. If you live on a lower floor and a burst pipe in the unit above brings your ceiling down and ruins all your stuff, your landlord is NOT LIABLE.
ADVICE - I STRONGLY recommend, as someone who works in property rentals, that you get tenant's insurance. If you live on a lower floor and a burst pipe in the unit above brings your ceiling down and ruins all your stuff, your landlord is NOT LIABLE.
Jun 24th 2018, 10:44 pm
#19
Account Closed
Joined: Jan 2006
Posts: 0
Re: Tenants Contents/liability insurance
Thumbs-up for Zipsure! I had them in NS - just $15/mth.
ADVICE - I STRONGLY recommend, as someone who works in property rentals, that you get tenant's insurance. If you live on a lower floor and a burst pipe in the unit above brings your ceiling down and ruins all your stuff, your landlord is NOT LIABLE.
ADVICE - I STRONGLY recommend, as someone who works in property rentals, that you get tenant's insurance. If you live on a lower floor and a burst pipe in the unit above brings your ceiling down and ruins all your stuff, your landlord is NOT LIABLE.
Jun 25th 2018, 2:34 am
#20
BE Enthusiast
Joined: Feb 2008
Location: Kingston ON
Posts: 318
Re: Tenants Contents/liability insurance
I know - I've very recently been there with a tenant
The tenancy agreement means "jack Shit" - Once you're a tenant pay your rent (late if you like) move your cats and dogs in, run a business and sub let it ........ SO long as you pay your rent you are good to go.
There's another post here referencing a rental property - Lots of good links there too
Jun 25th 2018, 9:30 pm
#21
BE Forum Addict
Joined: Nov 2009
Posts: 1,098
Re: Tenants Contents/liability insurance
Are you planning on getting anything else like car insurance that you can bundle together? Bundling my car insurance and tenant insurance dropped my car insurance by $20 a month, so net with the tenant insurance I only ended up paying $10 a month more .
