Our customized home insurance solutions offer you peace of mind at the best possible price!

Tenant insurance

Don’t have tenants’ insurance? Think it over. Your landlord’s insurance doesn’t cover your personal belongings. And if you should inadventantly cause major damage to an adjacent unit — for example, through a fire in your apartment — then your insurance would compensate your neighbors. This means that, in addition to covering your personal possessions, tenants’ insurance also covers your civil liability.

Tenants’ insurance can cost as little as a few dollars a month.

Types of coverage

Coverage C: Personal Property

You can put any amount you like in this section. It would be a good idea to make an annual inventory of your possessions and to store this document in a place other than where you live. This would also make it easier for you to decide on the amount you would like us to put down! It should be noted that the personal property guarantee in your Tenants Insurance policy may covers possessions of a family member who is studying away from home, at their place of study. It can also cover the personal effects of family members during a stay in a healthcare facility. Moreover, coverage extends to goods temporarily located off the premises, as when traveling. Most all-risk home insurance policies have a replacement value clause on the contents, which means that damaged or destroyed goods, whether they are clothes or accessories; will be replaced with new, comparable items. Make sure you are aware of the limitations in coverage of your policy regarding contents. You can take out specifically designated insurance.

These descriptions are provided only as a guide. Certain conditions, limitations and exclusions may apply to each of these guarantees, as specified in the forms. Coverage is also subject to change without notice. Please refer to the forms provided by your insurer and to their modifications.

Coverage D: Additional Living expenses and Fair Rental Value

If your home becomes uninhabitable following a covered loss, your Tenant Insurance policy can cover the additional living expenses while you wait for repairs to be made or until you return to your home. The amount of this guarantee is usually determined by applying a percentage of the insurance amount to the contents (for example, 20%).

Coverage E: Legal Liability

This part of the home insurance policy covers you for bodily or material damages that a third party may suffer as a result of your daily activities or on the property (homes or land) that you own or use. The amount of the civil liability guarantee is the amount covered up to the limit of your policy in the event of legal proceedings brought against you. The insurer will take up your defence in the event of legal proceedings. To determine the amount of civil liability coverage you should take, keep in mind that this coverage protects you anywhere in the world. If you do any travelling, it would be wise to increase your limit to $2 million and to also consider the purchase of an Umbrella Liability policy.

Coverage F: Voluntary Medical Payment

Your Tenants Insurance policy covers medical expenses for minor incidents that can occur on your property. This guarantee covers the medical expenses incurred by or for the victim of an accident resulting from personal activities or on the insured premises. It also covers bodily injuries sustained by your resident employees, such as nannies and housekeepers, while they are working. Even if you are not liable, you can make a claim under this coverage. There is a maximum amount payable by the insurer, which can vary from one insurer to another.

Coverage G: Voluntary Payment for Damage to Property

This guarantee covers accidental material damages caused to the property of others, provided they result from your personal activities or they occur on the insured premises.

Even if you are not liable, you can make a claim under this coverage. There is a maximum amount payable by the insurer, which can vary from one insurer to another.

Additional coverage

Your policy can include many valuable additional guarantees such as:

Water damage
Earthquake
Fire following an earthquake
Protection for your belongings outside of your home
Lock replacement in case of theft or loss of keys
Funerary monuments
Oil damage

Our job is to explain and compare our insurers’ additional guarantees so you can get the best coverage for your needs.

Insurance for long term or short term leasing

Do you put your housing up for a lease in full or partially, on a short term or a long term, on websites such as AirBnB, Homeaway and Kijiji? Know that various risks are involved with this type of practice: theft, property damage, civil liability, etc. Fortunately, a new residential solution protecting you from these situations is offered.

This solution offers a protection against risks that you won’t find in other insurance policies, such as

• Water damage and backed-up sewers
• Theft and/or vandalism during the lease period
• A rental value

This insurance also applies to AirBnB and Homeaway hosts.

You have more questions? Contact your expert broker at J. Gérar Fortin & Associés at (514) 279 - 6001 and he will be able to help you.

An asset inventory at everyone’s fingertips!

Tenants and co-owners, simplify your claim by joining the online inventory of your belongings, from your computer, your tablet or your phone. It is a quick and effective way of listing your assets and knowing their true value. If you wonder what are the benefits of having an inventory of your assets in hand, here they are

It Allows you to be proactive and be ready for any contingency (accident, theft, etc.);

Simplifies your claim;

Allows you to properly assess and protect your assets;Helps you determine your real home insurance coverage requirements. You can then contact your broker if adjustments are required.

Join now and get 1 year of free service. Contact your broker at J. Gérard Fortin & Associés to learn how to take advantage of this offer.

More details on the online inventory of belongings here https://in-dex.ca/

Let us analyze your needs. Take a few moments and fill in our online quote form

Questions? Contact a broker at 514.729.6001 or write to us.

Cost-saving tips

Home insurance is a highly competitive field. By requesting several quotes, you might find that rates differ significantly from one insurer to the next. However, be on your guard, since a cheaper quote could also mean less coverage! At J. Gérard Fortin, we obtain multiple quotes on your behalf, helping you save on home insurance while ensuring you the coverage you need.