Calgary is ranked among the world’s cleanest, healthiest, and safest cities in numerous international studies. In 2018, Calgary rose to become the 4th most livable city in the world. Population density is low, quality of life is high, and housing is abundant. This makes Calgary a very desirable living destination for many people. Whether you’re looking for a quiet neighborhood to retire in, a downtown apartment near your new job, or a place you and your roommates can rent close to the university, finding the right rental in Calgary can be a time-consuming process.
Have you found the right place to rent? Congratulations! Have you forgotten anything?
In your excitement to get settled into your newly rented home, you might forget some important details, such as purchasing tenant/renters insurance! But not to worry! Sharp Insurance doesn’t just offer tenant insurance in Calgary, it offers the best tenant insurance in Calgary. Let us get you started with a free online tenant insurance quote in Calgary.
What Tenant Insurance in Calgary Covers: A Guide by Sharp
Tenant insurance in Calgary is like home insurance, but minus a few specifics. Your tenant insurance won’t cover the physical structure of your building, but it will cover your contents and liability.
Ready to get started? We offer free tenant insurance quotes in Calgary, which you can get simply by clicking “Get a Quote” and filling out our form right away.
Let’s break down what tenant insurance is and what it covers a little more below.
Contents Insurance for Renters in Calgary
A Personalized Limit for Contents Coverage: This coverage insures your personal belongings. It entitles you to replace your lost, stolen, or damaged personal belongings not only inside your unit, but also in a vehicle that’s registered to your name.
At Sharp Insurance, we can also design a special coverage plan for your high-value items, such as: Jewellery, art, musical instruments, wine collections, high-end watches, sporting equipment, bicycles, etc.
We want to make sure nothing happens to your impressive music collection!
Give us a call and learn more about the several coverage options and prices we have for your most valuable belongings.
Remember! Your landlord’s insurance policy covers only damages to the actual dwelling. It doesn’t provide coverage for your belongings.
Tenants/Renters Liability Insurance in Calgary
A $2 Million Liability Coverage: With this coverage, you can have peace of mind knowing that we’re protecting you from financial losses that may result from damages to your unit or your building caused directly or indirectly by your actions due to negligence. This insurance also provides the protection you need in the event of a lawsuit. Tenants are responsible for the harm they may cause to anyone who lives or visits their rental unit. This coverage protects you against such bodily injury claims.
Coverage limits vary by policy, although we do recommend higher liability coverage to protect yourself against the worst of lawsuits. Work with a tenant insurance broker in Calgary to determine adequate limits for your situation and your budget.
Extra Living Expenses Coverage
Additional Living Expenses: This coverage helps you to cope with your other needs after a loss. It provides compensation to you when you’re unable to live in your home while it’s being repaired for damages incurred due to sudden accidental events such as fires or water damage.
In June 2013, Calgary experienced one of the worst natural disasters in the history of the province. Catastrophic flooding brought the city to a halt, and much of the downtown and inner-city area was significantly impacted as residents were evacuated.
By the time the water receded, massive damages had been incurred, and the 2013 floods would become the second most detrimental disaster in Canadian history in terms of insured damages.
Although the 2013 flood is considered to be a “1 in 100 year” event, we continue to experience new weather patterns in every season.
If your rented suite was damaged in a similar natural disaster and is deemed uninhabitable, where would you live? This is when your Additional Living Expenses insurance responds by paying for any necessary expenses such as, hotel bills, restaurant meals, and moving cost while your apartment is being repaired.
Still have more questions about your tenant/rent insurance in Calgary? Not a problem! Call one of our expert tenant insurance brokers at Sharp Insurance and learn more about getting the best tenant insurance rates in Calgary.
Tenant Liability Insurance in Calgary
Easily the most important component of your tenant insurance in Calgary is the liability component. If a visitor to your unit should injure themselves or if you damage their property accidentally, they could sue. Lawsuits are expensive, even if you believe you’ve done nothing wrong.
We recommend at least $1 million to $2 million in tenant liability insurance in Calgary. It doesn’t cost much to increase your liability limits, and it’s worth it for your peace of mind. Ask a tenant insurance broker in Calgary about enhancing your protection.