Tenant Insurance
Did you know? Even if you are not the owner, you probably have valuables to insure such as a computer, a bicycle or even a television or a video game console.
Moreover, as a tenant, it is important to cover your civil liability in the event of damage to the property of others. Renters insurance is not mandatory, but it allows you to enjoy your living space without any worries!
Insuring your apartment is not something to be taken lightly. By investing in home insurance, you protect your assets while avoiding the risk of legal action. To choose the right policy, assess the value of your personal belongings to ensure you have adequate coverage.
Types of coverage and options
Multiple coverages tailored to your situation.
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Civil liability
Civil liability protection covers you in the event of unintentional damage caused to other people or their property. It is essential coverage included in standard insurance policies, protecting you in particular in the event of civil law proceedings. It also covers all family members living under your roof and even extends beyond the walls of your home.
Your civil liability insurance amount is proof of your solvency. Don’t hesitate to ask your broker questions to ensure that your coverage amount is sufficient to protect your financial assets.
We recommend that you increase your civil liability insurance amount if you are staying outside Quebec and Canada to ensure that you have adequate protection when you are abroad.
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All risk coverage
The name says it all! All risk coverage (extended coverage) covers everything except the exclusions mentioned in your contract. In addition to civil liability, it protects you against most risks and unforeseeable incidents, especially those you don’t think about!
This package is highly recommended for optimal protection of your assets. As independent insurance brokers, we make sure to offer you maximum coverage to avoid unpleasant surprises when you file a claim.
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Floater insurance
This coverage allows you to insure certain items that have a higher value, be it sentimental or monetary. You can be sure that your valuable sports equipment or your new plasma TV will be well protected!
Other option
Enhance your insurance with these add-ons to your policy that offer you even more protection, for optimal coverage that can handle any situation. These protections are not always included in standard packages, so it’s best to check and make sure they are included in your contract!
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Groundwater, sewer backup and overflowing waterways
Protect yourself in the event of flooding, groundwater infiltration, leaks, overflow, or accidental sewer backups. Some insurers limit insurance amounts or refuse to cover high-risk areas, so check with your broker!
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Above-ground water
This protection covers you in case of damage caused by water infiltration through the roof, doors, or windows above the foundation. It also covers overflow from gutters or downspouts.
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Earthquake
The risk of earthquakes is often considered minimal, yet they occur almost daily in Quebec. Despite popular belief, this protection should not be overlooked. This protection will insure your home against damage caused by earthquakes, as well as avalanches, rockslides, subsidence, and landslides.
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Storage insurance
This additional coverage ensures that you won’t get stuck with stored goods that are no longer insured after a certain period of time This way, you can be sure that you won’t have any unpleasant surprises during a move, for example.
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Umbrella insurance
This is excess insurance that you can add to your liability insurance, both for your home insurance and your auto insurance. Umbrella insurance is used to cover any “gaps” that may exist in your liability insurance policy. This additional protection is highly recommended for people who travel a lot. The coverage limit is then extended and your financial assets are protected, no matter where you are in the world.
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Legal assistance
Legal insurance allows you to benefit from financial assistance so you can quickly access legal services from the lawyer of your choice. With the goal of offering you peace of mind, this additional coverage will ensure that your fees are covered.
Answers to your questions
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Can a landlord require a tenant to purchase tenant insurance?
L’assurance locataire n’est pas obligatoire, mais les propriétaires peuvent exiger que le locataire y souscrive pour signer le contrat de location. Celle-ci protège aussi bien les locataires, c’est-à-dire leurs biens personnels et leur responsabilité civile, que le propriétaire en cas de sinistre ou de dommages causés par le locataire.
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Do all roommates have to have tenant insurance?
While it is recommended to ensure adequate protection of personal property and liabilities, it is not required.
In a shared tenancy, each roommate benefit from having an individual insurance policy to cover their own property and liability.
For example, if a roommate is responsible for damage to common property, such as shared furniture or equipment, that individual’s liability insurance could cover the cost of repair or replacement.
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What documents are needed to purchase tenant insurance?
Here are the documents and information you may be asked to provide to purchase tenant insurance:
- Your personal information (name, address, phone number, date of birth)
- Information about the property to be insured (address, size of property, type of property, value of property to be insured)
- Details about security measures in the residence (such as the presence of smoke detectors and burglar alarms)
- Information about any prior losses, including past claims
- Information on payment method
- Proof of tenancy (lease)
The documents you must provide can vary from insurer to insurer. Your insurance broker will be able to guide you through this process.
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Can I cancel my home insurance at any time?
In Quebec, it is possible to cancel your home insurance contract at any time, subject to the specific terms of your insurance contract. Some contracts require 30 days’ notice before the desired cancellation date, while others allow the cancellation to take effect immediately.
To cancel your insurance contract, you can contact your AMR insurance broker, who will take care of the procedures with your current insurance company. You may also be required to pay a cancellation fee or penalty if it is specified in your policy.
Tips and advices
Why choose us?
When you choose AMR Assurances Multi-Risques, you’re opting for a team of insurance experts. More than just brokers, we are advisors who have your best interests at heart.
Our primary mission is to represent you with various insurers and to offer you a product that meets your needs. And because life moves fast, we negotiate to get you the best insurance contract at the best quality-price ratio to guarantee you peace of mind.
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