Liability and Property Coverage for Renters
Renting is different than homeownership. As a renter, you may have noisy neighbours living above you, and you probably can't control when repairs are made or when snow is shovelled.
But you can control your exposure to risks - like fires and lawsuits.
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Insurance may not be something you've given much thought. Maybe you don't think your belongings are worth all that much. Or you don't see the need to pay for insurance to protect a place someone else owns. Sure, your landlord may have insurance on the building, but you should also have tenant insurance to protect your personal property and liability.
If there's water damage or a fire and everything you own is lost, could you afford to replace those things? Clothing. Computers. Collectables. Whether you're a struggling student or an established professional, it can add up quickly.
And if you cause a fire by leaving a pot on the stove, you could have a lot more to lose. You can be legally liable for damage caused to your suite, the building and other people's property. If your noisy neighbour is injured, they could sue you.
Whether renting is a short-term situation or your preferred lifestyle, SGI CANADA's Tenant Pak provides insurance coverage for your belongings and personal liability, just in case.
Protect what you do own, including your financial security.
SGI CANADA's Tenant Pak gives you replacement cost coverage for your belongings. So you are covered for what it costs to replace your items at current prices, in most cases. Even if your hand-me-down couch might not be worth much, it could cost a lot to replace it if it gets damaged.
You're also protected for:
- cheque forgery, debit- and credit-card loss
- identity theft expenses
- damage to improvements you've made to your rental unit
- removal of debris after a loss
- mass evacuation expenses
- entry damage caused by police officers, paramedics or fire fighters
- glass breakage
Communal living comes with added risk. If you cause a loss, you're more likely to affect the people living around you - or even the entire building. And if you're found responsible for the loss of an entire rental property, whether it's a house, duplex, townhouse, basement suite or apartment complex, it could leave
you in financial ruin.
Tenant Pak comes with $1 million in personal liability coverage to protect you when you're at fault, or when you're deemed responsible for damages or injuries caused by something like a fire.
Legal Expense Insurance
You are automatically covered under your Tenant Pak when you are faced with unexpected legal issues. Your Tenant Pak insurance will pay your legal costs to pursue or defend your legal rights for:
Receive UNLIMITED access to our free telephone legal advice helpline. You can speak with a lawyer to receive general legal advice for any legal questions you have, whether or not it is included in your coverage.
Legal Advice Helpline 1-855-953-1430
SGI CANADA's Tenant Pak is insurance tailored for renters. You get great coverage at a great price designed specifically for the risks you face.
It covers you for both property and liability losses.
You can face significant financial hardship if you're at fault for damaging someone's property or if someone gets injured by your actions. Liability coverage provides you with protection in these situations.
It could cost a fortune to replace your stuff all at once, but with Tenant Pak it'll be replaced with new, similar items.
Give us a call about protecting your financial well-being and belongings with SGI CANADA's Tenant Pak.
Options to Meet Your Needs
Home Systems Protection
Home Systems Protection covers repairs or replacement when home systems, equipment and major appliances break down. For example: If your furnace breaks down or your home entertainment system stops working, you'd have insurance to pay for the cost to replace it. This insurance coverage is meant to protect you from surprise expenses you may not expect - but could happen at anytime. Home systems are not typically covered under a basic home insurance policy.
Identity Theft Coverage
A basic amount of coverage is provided for the reimbursement of expenses related to identity theft. You can choose to increase the basic amount of coverage for an additional premium charge.
Increased Limits Coverage
This option allows you to increase limits of insurance for property with specific amounts of protection, such as jewellery. It also provides $3 million in personal liability coverage as well as enhanced limits for voluntary medical and voluntary property damage payments. Eligibility requirements apply.
Sewer Back Up Coverage
This coverage is available for an additional premium (subject to restrictions).
Voluntary Fire Fighting Coverage
This coverage is available for an additional premium.
Special Belongings Coverage
You may require extra protection on special items like furs, jewellery, fine art, coin and stamp collections, musical instruments and bicycles.
Watercraft and All-Terrain Vehicle Coverage
Boats, motors, personal watercraft, all-terrain vehicles and their equipment can also be protected.
Seasonal Home and Secondary Residence Coverage
You can add protection for your seasonal home, secondary residence and belongings to your SGI CANADA Home Pak. Guaranteed replacement cost coverage is available at no additional charge on only your seasonal home (subject to restrictions).
Rental Home Coverage
This option allows you to add protection for up to 10 rental homes you own and rent to others (limitations or restrictions may apply).
You may be eligible for a premium discount if:
This is a general description of the coverages provided. Actual policy conditions govern. For a complete list of Home Insurance options, policies and prices give us a call.
- you haven't had a claim for three years or more
- your age and number of years continuously insured with SGI CANADA qualify
- your home has an approved monitored security system
- your home has an electronic water shut-off system
- you have a newer home
- you choose a higher deductible
- you don't have a mortgage on your home
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