Tenant Insurance – New Brunswick
Are you moving to your very first apartment in Moncton for university? Brand new to Fredericton and renting a townhome? Planning to downsize and retire along the coastline in the Bay of Fundy? Although you don’t own the property you’re now calling home, you have some of the same insurance needs as a homeowner. Rest easy knowing that whether you’re renting an apartment, townhome, or a suite in a high-rise building, we’ll help you get the right tenant coverage in New Brunswick.
We understand it’s vital to protect what’s most important to you and your family. Our expert insurance advisors are here to ensure you’re protected and provide peace of mind so you can focus on what’s important in your life.
Why Choose Westland?
We know that your insurance needs to match your goals, your lifestyle and your budget. Our expert tenant insurance advisors get to know you, so that they can tailor a policy to your exact needs.
We’ll find the best coverage for you at the right price so that you can continue to live your life the way you want to.
Insurance can be complex sometimes. Let our expert insurance advisors do the heavy lifting! We’ll help you find a policy that you feel is the best fit and provides peace of mind. To learn more about the benefits of being a Westland client, Click here.
How Much Does Tenant Insurance Cost in New Brunswick?
Tenants insurance is a small investment considering the return. In most cases, it can be the same price as eating one meal out per month. Some factors that contribute to the premium cost include your location, the limits of insurance selected, and choice of deductible.
Tenant Insurance Explained
Did you know that as a renter, your landlord’s home insurance won’t cover your belongings in the event of a fire, theft, or damage?
You’re also responsible for any damage that you cause to your building and for any accidental injuries incurred by someone while visiting the property.
Think about all the things you own, mainly how many boxes it would take to move all your belongings. Throughout the years, that can quickly accumulate. This goes beyond furniture, including electronics, clothing, jewellery, sporting equipment, and other valuables.
Renters need to have the right insurance to cover the expense of replacing their belongings if something happens. Keep in mind, most tenants’ policies have a limit on certain items. For example, if you are into mountain biking and have a high-end bike with accessories, you’ll want to ensure that you select a higher limit to reflect the actual value.
Did you get the go-ahead from your landlord to upgrade an aspect of your space? Tenants insurance covers everything that’s inside the walls of your area, including permanent upgrades. So that built-in stereo sound system or walk-in closet shelving system adds value to your space and is essential to consider when choosing your insurance limits.
Another critical aspect of tenant insurance is liability coverage, both for in your home and while you’re away. If an accident occurs and you cause damage to not only your unit but also the rest of the apartment building, you’re covered. For example, If you left something in the oven which led to a fire, you would be responsible for damages caused to any part of the building or apartment complex that you reside in. The same will apply if you are outside of your home and accidentally cause damage to another person or their property.
If something happens to your space and you aren’t able to stay there, your tenant policy will cover the cost of alternative living arrangements. It will also cover the cost of meals while you’re out of your home. Having something happen to your home can be extremely stressful. With tenant’s insurance, it can take away some of that stress to help you get to a sense of normalcy.
Get a Quote with Westland
Ready to chat? Our insurance advisors are here to help make the process of getting tenant insurance as easy as possible. Whether it’s over email, the phone or in person we are ready to help! To get started on a quote now and see price estimates for your condo, click the button below. Our advisors will contact you right away and help you choose just the right package. Of course, we are always available to chat over the phone or in person. Check out our locations page to connect with an office closest to you!
Optional Protection Available to Enhance Your Coverage
Based on your lifestyle and where you’re located, there may be additional coverages available to you, such as:
- Identity Theft
- Home Based Business
- Overland Water
- Sewer Backup
- Claim Protector
- Home Equipment Breakdown
Water damage is the most common claim we see when it comes to tenants. For example, a pipe can burst in the ceiling in the unit that you rent and cause damage to your contents. Depending on the value and quantity of your property, this can cause damages of around $5,000. The right tenant insurance policy will help mitigate these risks and get you back to your normal as quickly as possible.
Our goal is to find the best coverage for you so that you can continue to live your life the way you want to. To learn more about being a Westland client, click here.
10 Fun Facts About New Brunswick
- Fan of ice cream? Well, you’re in luck because the inventor of the ice cream cone was born in the Dairy Land of Canada, also known as Sussex.
- Shediac is home to the largest lobster in the world, although not a real lobster. This crustacean attraction comes in at 35 feet long and 15 feet high!
- The Bay of Fundy has the world’s highest tides. Every day 160,000 billion tonnes of seawater flows in and out of the bay.
- You’ll find the warmest saltwater beaches north of Virginia in New Brunswick.
- Magnetic Hill is home to Moncton. Here you’ll notice objects defy gravity and roll uphill. Just remember to put your car in park first!
- New Brunswick is the second largest exporter of peat moss in the world. It comes from the northeastern part of the province. Now you know when in your garden next.
- Hartland is home to the world’s longest covered bridge in the world, coming in at 1282 feet long!
- Ocean life is abundant in New Brunswick and is home to the oldest intact shark fossil in the world, at 409 years old.
- If you’re a fan of chocolate, the Chocolate Museum in St. Stephen is a must. It is home to the original Ganong factory who introduced the first five cent bar of chocolate.
- Grand Falls Gorge is the largest waterfall in New Brunswick, at 230 feet high and 1.5 kilometers long.