The Importance of Tenant Insurance
Did you know that tenant Insurance offers coverage for more than just personal contents?
Over the years, we have spoken to many clients who feel it is not necessary to have tenant insurance as they don’t “own enough stuff”. However, even if you do not own a large amount of personal property, a Tenant Insurance Policy is beneficial for the additional coverage it provides.
The following are the most significant items covered under a Tenant Insurance Policy:
*subject to policy exclusions
Most Tenant Insurance policies also include coverage for:
Similar to a Homeowner’s or Condominium Insurance Policy, Special Limits of Insurance apply to certain types of personal property. Please refer to our post on Special Limits for more details.
A Tenant Insurance Policy provides a significant amount of coverage and goes beyond insuring just your personal property. Many Insurance Companies offer special Tenant Policies for seniors, student discounts, and new business or claims free discounts for first-time policyholders. For as little as $20.00/month (or less, in some cases), you can purchase a Tenant Insurance Policy that will provide you with comprehensive coverage and the peace of mind knowing you are protected in the event of a loss.
For more information on Tenant Insurance Policies, or any of your other insurance needs, please do not hesitate to contact us and one of our knowledgeable Brokers would be happy to assist you.
The Costen Insurance Team