We often get asked about tenant insurance and whether or not it is necessary. As your landlords, avenue living does require you to have tenant insurance. Some people question why this is so we decided to go over some of the main reasons for you.
The biggest reason is that you are legally responsible for any harm you cause to any part of the building and others who live or visit there. If your old faulty toaster caused a fire that damaged the building and the possession of the other tenants, then you could be held financially responsible for this unfortunate event. You'll also want to protect your own possessions. It may not seem like a lot but if you had to replace all your clothing, furniture and appliances as a result of fire or water damage, it could add up quickly!
Insurance premiums are a small price to pay to have the peace of mind that you'll be protected against any of these unfortunate and unpredictable events. Be sure to shop around with a few different insurance providers to ensure you are getting the best coverage at the best price!
Have you ever had an experience where having tenant insurance benefitted you? Let us know on our Facebook Page!
About avenue living™
Based in Calgary, Alberta, avenue living™ is Western Canada's fastest growing private apartment building owner and operator. We came from humble beginnings with a few buildings in Southern Alberta, and in just over four years have grown to manage over 2000 rental apartments in the Prairie Provinces. We now own and operate buildings in Brooks, Edmonton, Lethbridge, Moose Jaw, Regina, Saskatoon, Swift Current, Winnipeg and Yorkton, and continue to expand into new markets. Despite our rapid growth, we remain primarily focused on placing our valued customers' needs first and providing them with quality homes and apartments for rent. We also believe in providing our customers with housing solutions that let them actively participate in reducing their impact on our environment when renting with us, by continuing to upgrade our buildings to make them more energy efficient.