This is a question we are often asked at Winnipeg Insurance Brokers Limited. The answer is always “Yes!”
We’ve all seen stories in the media where an apartment or rental unit suffers damage from a fire or similar disaster. The people who rent often do not carry insurance coverage for their belongings. Thankfully the caring Manitoba spirit often comes through and the community rallies to help collect needed items for those who lost everything. But it doesn’t always happen that way. Tenants can protect themselves in the event that disaster strikes.
It is no secret that insurance protection is vitally important. Tenants often assume that the landlord carries insurance protection that will also cover them in event of a loss. Your landlord’s insurance will cover the structure and the landlord’s own liability in the event that someone is injured on the property, but it does not cover tenants’ possessions.
If you rent your home, you need to make sure that you are protected for damage to your possessions or your own personal liability. The good news is that tenant insurance tends to be far less expensive than other types of home insurance. Talk to your insurance representative about getting the right policy to protect your contents, and give you peace of mind.