Tenant insurance

If you rent a home or apartment, your landlord probably carries insurance on the property. But guess what? That coverage won't cover your possessions should something happen. That's why Envision offers tenant insurance.

Tenant Insurance protects you in ways four basic ways:

Allows you to replace your property (furniture, clothes, appliances etc.) if it is destroyed, stolen or damaged
Covers injuries that happen to other people or their property while in your rental suite (for which you may be held liable)
Covers your additional living expenses if you're forced to leave your rental suite because of an insured loss.
Provides coverage for your personal liability if you accidentally cause damage to an adjoining unit

Tenant insurance also insures your personal property while it is temporarily away from your apartment (i.e. while you're traveling). Note that most insurance policies have "special limits" for things like cash, jewelry, watercraft and bicycles. As well, possessions left in, on or attached to a motor vehicle are usually only insured up to $1500. Depending on your circumstances, you may want to consider insuring items such as bicycles or computers with additional coverage.

Things to consider

Before purchasing tenant insurance, consider the following questions:

What would it cost to replace the contents of your rental suite?
Do you have an inventory (825 KB PDF download) and photographs of your personal possessions?
What kind of protection do you have against liability claims?
Do you have items that should be insured with special coverage (i.e. silverware, jewelry, laptop computers, sporting equipment)?
Does your suite have a security system, fire extinguisher or other money-saving safety features?
Do you have anyone living with you that is not a relative?
Do you operate a "home-based" business?