Cheap Tenant Insurance Solutions with LMBF
Tenant insurance is often overlooked because, as a renter, you do not own the physical property where you live. It is a common misconception that the property owner or landlord will insure them. However, your landlord only has coverage for the physical dwelling and their personal liability - leaving your belongings and liability out to dry. Tenant insurance in Quebec with LMBF is the solution for renters who want cheap tenant insurance solutions that meets their coverage requirements.
What Does Tenant Insurance Cover?
Contents Insurance
Your belongings are likely to have more value than you’d think. Your content coverage, as a part of your standard tenant insurance, includes protection for your furniture, appliances, electronics, clothing, and more that is contained within your apartment and sometimes your storage locker.
Liability Insurance
Your landlord has insurance to cover their own liability, but not yours. Your standard tenant insurance includes third-party liability coverage, which can protect you in the event you are faced with unexpected lawsuit costs after being sued by a third-party. This coverage follows you anywhere in the world.
Additional Living Expenses
Should you be forced to make living arrangements elsewhere for a duration of time where your unit is being repaired or restored, you may encounter unexpected costs - like hotel bills, takeout, etc. Your tenant insurance in Quebec contains coverage for reasonable expenses during a time where you cannot live in your unit or rented home.
- Unexpected and sudden losses
- Fire and theft
- Third-party liability
- Your contents
- Relatives living with you
- Wear-and tear damage
- Mould and infestation
- High-value belongings without an endorsement
- Roommates not related to you
Is tenant insurance mandatory in Quebec?
In short, no. Tenant insurance is not mandated by government, just like home insurance. That being said, it is highly recommended you carry tenant insurance in Quebec, especially because you may want to brunt the financial loss of having to pay out-of-pocket to replace or restore all your contents in the event of a loss. Furthermore, some landlords will require you to show proof of insurance before signing a lease agreement.
Types of Tenant Insurance Coverage
Ideally, you will never have to make a claim. But, in the event you do, it is always good to know what you have coverage for. Several of the below coverage options are included in your standard tenant insurance policy, whereas others may only be available as an added purchase. You may find that different insurance providers will offer different options. Discuss with an LMBF tenant insurance broker in Quebec if you have any questions about coverage.
Contents Coverage
- Clothing
- Furniture
- Appliances
- Electronics
- Books
Storage Unit
- Stored belongings
- Winter gear
Third-party liability
- Lawsuit expenses
- Settlement fees
- Defense costs
Additional living expenses
- Hotel bills
- Food
- Accommodation
- Travel
- Clothes
Jewelry rider
- Jewelry
- Furs
- Collectibles
- Wine
- Art
Umbrella liability
- Extended liability
- Claims in excess of basic
- Expensive lawsuits
Sewer backup
- Sump pump rupture
- Damaged sewer lines
- Sewer backup
- Septic system
Home-based business
- Office equipment
- Client activity
- Inventory
Identity theft
- Restoration costs
- Relicensing
Earthquake
- Earth movements
- Personal belongings
Refrigerated property
- Frozen food
- Freezer contents
Sports equipment
- Skis
- Golf clubs
- Bikes
Our Tenant Insurance partners
LMBF partners with the top tenant insurance carriers in Quebec to help you find a cheap tenant insurance policy that matches all your needs. We help you shop around and do the “heavy lifting” on your behalf so that you don’t have to. If “insurance-speak” isn’t your thing, we have you covered. LMBF’s tenant insurance brokers in Quebec can discuss with you how to get the most affordable tenant insurance policy today.
