Whether or not you actually own the piece of St. Catherine's or Oakville real estate you are currently residing in, you still do need to make sure to protect yourself while living there. You might be in possession of a lot of valuables and it's in your best interest to protect yourself. Just like you make sure you have travel insurance when going away to stay in PEI luxury cottage rentals, you need to protect yourself in the place you are living in. You can get that sense of security by getting some renters insurance.
Just because you don't own the St. Catherine's home or Etobicoke townhouses you are living in doesn't mean you don't have the same rights to insurance as homeowners do. Everyone needs to be protected and have that feeling of safety in the home they live in, whether or not they own it. The St. Catherine's or Ajax real estate owner who owns the house you are renting out and living in probably has insurance on the building. They might also have insurance that extends to some possessions and valuables located inside the unit you are renting out. Things like appliances such as the dishwasher or laundry machine, light fixtures and even the carpets.
If such insurance is already in place you might be thinking to yourself why do I need renters insurance then? That's a good question. Getting renters insurance is something you should do as it does cover you in much greater detail. The insurance your landlord has probably doesn't cover you if you have upgraded the unit. For instance, if you installed new carpets on your own dime, that would not be covered for in your landlord's insurance. You would also most likely not be covered for personal liability costs in case someone gets injured while visiting you or you destroy your neighbour's property in some way. Getting extended renters insurance would make sure you are covered for those things.
Most importantly, though, are your personal belongings. Your landlord's insurance covers their things, not yours, that are located in the St. Catherine's or Oshawa real estate unit you are living in. That means personal items like your furniture, television, jewellery, art, or computer would not be covered in the event of an accident or theft. Getting renters insurance is a great idea as you can sleep peacefully at night knowing everything in your rental unit is covered no matter what happens. |