Renters Insurance
As a tenant you can rest easy knowing your tenant insurance covers you in many different ways.
3 Reasons Why Renters
- Your Personal Property
This includes your clothes, electronic equipment, small appliances, linens, furniture ALL of your belongings.
In the event of a loss, could you afford to pay out of pocket for ALL of your belongings?
- Additional Living Expenses
In the event of a catastrophic loss such as fire, without your apartment, could you afford temporary housing?
This coverage provides money to be used for temporary housing.
- Liability Coverage
While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.
After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your personal property.
Contact us today, and we'll help you protect what matters most.
Renters Insurance can provide the money to replace almost all of your personal possessions. Electronic goods and equipment, small appliances, sports equipment, cameras and photography equipment, furniture, clothing, glassware and china, and books can all be covered by your policy. Even things like computers, jewelry, furs, and watercraft can be covered on a limited basis or by adding specific coverage for them to your policy.
Renter's coverage will include:
- Personal property protection
- Family liability protection
- Guest medical protection
- Additional living expenses
- Additional protection
Were you thinking that your things were covered by your landlord's insurance? Sorry, but that's not the way it works. You'll need your own Tenant Insurance to protect your belongings from perils like theft, vandalism, fire, and falling objects the minute you begin renting. Recent estimates say that only about half of the over 4 million Canadians who rent their homes have insurance for their contents or for any liability arising out of their being tenants. Having the right policy in place can swing the odds in your favour!
Tenants Insurance in Guelph and area makes sure that you can replace the personal property in the house or apartment that you rent. The building you live in may have insurance that protects it under your landlord's policy, but this insurance will not cover your personal property. In fact, if you take a look at your lease you will probably see that you are required to buy Renters Insurance before moving in.
If you had to move out of your apartment or house temporarily due to damage to the building or your unit where would you live. Not only will your policy protect your personal items, it will also give you help with temporary housing.
Your policy can also provide you with liability protection if a liability lawsuit is brought against you. This could occur in a situation that you are held responsible for:
- Injury to another person on or off your property
- Damage to another person's property(whether the incident occurred within your rented residence or elsewhere)
Once you determine your insurance needs, knowing your options will help you choose the best policy.
The more your assets grow, the higher your liability risks are. No matter how well you’ve covered your bases, sometimes things go wrong. A car accident. A guest who slips and falls on your property. A lawsuit. If you don’t have the right coverage, an unfortunate situation can compromise your financial security and put your personal assets at risk.
An excess policy responds when the underlying liability limits of your other policies, such as home and auto, aren’t enough to cover the unexpected costs of a lawsuit or accident.
It is important to note that most Canadian insurance policies carry on average $1,000,000 of liability coverage. This limit can quickly become quickly exhausted and is very frequently limited to North America. The Group Personal Excess policy provided by Chubb Insurance provides up to $5M of worldwide coverage which extends to all dependent member of your house hold and also provides coverage for foreign owned assets.*
* Territorial restrictions apply: Sudan, North Korea, Iran, Cuba, Syria
Personal Liability (Homeowners) for bodily injury and property damage in the minimum amount of $1,000,000 per each occurrence.
Registered and unregistered vehicles in the minimum amount of $1,000,000/$1,000,000 bodily injury and $1,000,000 property damage; or $1,000,000 single limit per each occurrence. Registered vehicles include motorcycles and motorhomes.
Uninsured and underinsured motorist protection in the minimum amounts of $1,000,000 per each occurrence. This requirement does not apply to the provinces of Quebec or Manitoba.
Watercraft less than 8 metres (26feet) and 50 engine rated horsepower or less for bodily injury and property damage in the minimum amount of $100,000 per each occurrence.
Watercraft 8 metres (26 feet) or longer or more than 50 engine rate horsepower for bodily injury and property damage in the minimum amount of $500,000 per each occurrence.
*The above liability limits must be in USD if the asset is located in the United States.
Each participant is covered for a $5 million limit of liability, and there is no annual aggregate on the policy.
Your Chubb Group personal Excess Liability coverage provides worldwide automobile rental coverage (subject to a few territorial restrictions), for up to 60 days. You can rent a car while on vacation and have coverage for personal injury and property damage without buying the additional insurance.
Yes. At the time of writing this (November 1, 2017) you would not be covered in Iran, North Korea, Syria, Cuba and Sudan. Please check with us for any changes to these territorial restrictions.
What do I do if there is an accident?
Please contact Colley Insurance at 1-888-824-0445 as soon as possible, so we can help you through the claim process.
Need any help!
Office: 519-824-4040
Toll-Free: 888-824-0445
Fax: 519-763-6839
customerservice@tgcolley.com
1 - 34 Harvard Road Guelph,
ON N1G 4V8
We would recommend Colley Insurance to any organization without hesitation