Dos and Don’ts of Tenant Insurance

Renter’s insurance, also known as tenant insurance in Langley, is an insurance policy that covers personal property loss. It’s the same as homeowner’s insurance, but the coverage offered is limited. Most homeowners are asked to carry a home insurance policy by their mortgage lenders. It helps them protect their property and offers protection from injuries sustained by visitors on the premises.

On the other hand, renter’s insurance covers liability claims, such as injuries not caused by structural problems. One of the best things about this insurance policy is that if your apartment becomes inhabitable for some reason, the company will cover temporary living costs.

Now that you know the basics of cheap tenant insurance in Langley, let’s look at its dos and don’ts:

Dos

Do Write an Inventory

Before you move into your apartment, take inventory of everything in it. Take clear pictures of things, like broken appliances and damaged furniture, so that you are not held accountable for them when the time comes. Include these in the insurance policy along with your personal belongings for which you can make a claim.

Do Keep It Clean

Try to keep your side of the apartment clean so that if a problem is caused by the tenant living above you, you can make a claim by providing all the proof.

Do Inform the Landlord About the Minor Repairs

From repairs to maintenance, such as cleaning the gutters, replacing caulking, unclogging drains, and more, make sure that the landlord is informed about all these things. Neglect on the landlord’s part will cost you because you might end up paying for the repairs.

Don’ts

Don’t Bring a Pet Into the Apartment If Your Lease Does Not Allow It

You are breaking the rules of the agreement if you hide a pet in your apartment when you were specifically told not to bring one. As a result, any destruction caused by your pet will not be covered by your landlord or the insurance company. 

Don’t Make Big Renovations

Renter’s insurance covers your personal property, which means any renovations done in the apartment will not come under your insurance policy. We understand you want to make your place feel more like home. However, if you are paying for the repairs out of your pocket, you won’t be able to make your monthly rent.

Don’t Neglect Any Mildew Problems

Many landlords complain that tenants don’t check the moisture levels regularly. As a result, mould builds up on the walls and compromises the integrity of the property. If the landlord refuses to pay for the damage caused by mould and mildew, you will have to cover the repairs out of your pocket because the insurance company won’t.

The terms of tenant insurance in Langley differ from provider to provider. You can make additions to the policy, but this will cost you a high premium. Hence, we suggest you choose a landlord who stays on top of all the maintenance issues.

Robert Cameron is the author of this article. For more details about Best Insurance Policies in New Westminster please visit our website: amcinsurance.ca