It is true that the apartment you have rented has insurance bought by the landlord. However, the insurance policy would not help you. In the case of any damage to the house, the landlord would get the benefits of the insurance claim. If you want your belongings to remain safe and secure, you need to invest in the policies available among the best tenant insurance in Barrie. Most landlords make it a point to include a suggestion in the lease agreement for tenants to buy insurance. Some even make it mandatory. The Internet is the place to find the best tenant insurance in Barrie.
A Note on Tenant Insurance
There are two types of insurance policies combined into one as far as tenant insurance is concerned. One part is to cover the cost of damages caused to personal belongings and the other to insure the building against harm caused by you or your guests. It also covers personal injury caused by one to another. However, the policy does not cover damage due to malicious intent on your part. For instance, you cannot make a hole in the wall and ask for reimbursement. The insurance policy would only cover accidental damage.
Insurance Policy Coverage
There are around 17 perils that tenant insurance policy covers. Some of these are smoke, fire, wind damage, theft, and vandalism. You must opt for the policy that offers coverage against these damages at least. You can upgrade your policy for protection from natural calamities like earthquake, rain, and flood.
Determining the Coverage Amount
When buying tenant insurance always choose the coverage depending on the combined value of items you own. This would help you recover your loss in case of any mishap. Check with your insurance service provider the amount they can sanction for each item you possess so that you do are not surprised at the amount you get as repayment upon losing the items.
Collect Information About the Insurance Company
Before buying an insurance policy, you must know in details about the company you are buying the policy from. Ensure that the company is in a condition to pay you back if you happen to lose anything. Thus, before reading the fine prints of the insurance policy, gather necessary information of the insurance company. You can find details about every company operating in Barrie on the Internet. You just need to spend some time to read about them so that you make an informed decision.