Why Do You Need Renters Insurance?

WHAT COMPULSORY INSURANCE FOR A TENANT?

As a tenant, you are required to take out an insurance contract against the risks for which you must respond to your landlord. This insurance is called “rental liability” and is most often included in traditional home insurance contracts.

WHO SHOULD INSURE A RENTAL APARTMENT?

Any tenant of a home is required to take out insurance called “comprehensive home insurance”. For his part, the owner can also insure his accommodation. The objective of the two parties, tenant and lessor, is to guarantee themselves against the risks that may involve them.

IS IT COMPULSORY TO HAVE HOME INSURANCE?

Home insurance is compulsory for tenants, including tenants of furnished accommodation, and co-owners (owners of a lot in a condominium).

WHY TAKE TENANT INSURANCE?

Tenant home insurance protects your personal property and improvements made or paid for by you. Co-owners must also protect their personal property, the private portion (housing unit) and the improvements made to it by a home insurance contract.

WHAT INSURANCE COVERS CIVIL LIABILITY?

How do I get it? You can take out specific insurance, called private life liability. However, if you have taken out “comprehensive home insurance”, liability cover is included in your contract.

WHY TAKE OUT NON-OCCUPANT HOMEOWNER INSURANCE?

Its purpose is to cover, among other things, damage caused by installations and equipment in the absence of a responsible tenant. It guarantees the lessor owner, for a very reasonable sum, coverage equivalent to the multi-risk home.