Local Fire Shows Importance of Having Renters Insurance

Local BC Fire Tenants Insurance

A local Langford, B.C couple is hoping to remind tenants who rent to consider renters insurance after a fire destroyed most of their possessions.

As homeowners, we can easily understand the importance of home insurance to protect the property in case of any major damage. On the other hand, tenants who rent should also understand the importance of renters insurance to protect them and their belongings inside the property while renting.

No Renters Insurance? Estimate Losses to be Between $10,000-$15,000 if Major Damage

Worse yet, the couple didn’t have renters insurance as tenants to cover the damage to their belongings. Everything from their furniture and décor, to their clothes and electronics, were destroyed. They were also left without a home, so had to find an alternative accommodation while looking for a new long-term home to rent. They estimate their losses to be between $10,000 and $15,000. These are losses that could have been covered with renters insurance.

Renters Insurance for Young Couples BC

Coverage For Your Belongings

The major part of one’s renters insurance policy will be on coverage for belongings within the home that could get destroyed in case of any major damage. Again, this can cover all the furniture and décor in the home, as well as clothes, jewelry, electronics, personal items, and more.

New Accommodations Support

Another aspect of one’s renters insurance may also be on coverage and support in the event of accommodation emergencies. If a tenant is suddenly left without a home, they may need to stay at a hotel or other more expensive option until they can find a new place to rent long-term. This causes extra money and stress, so having some support during this process can really help.

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Contact our Harbord team today for more information on renters insurance and the different coverage options. We are happy to answer any questions you may have, and can also provide you with quick and free quotes at no obligation. Contact us today!

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