If your teen is heading off to college or university, or getting their first place away from home, make sure they have their belongings protected before they go.
What are my options?
A homeowners policy with Steers Insurance may include coverage for your child while they are enrolled as a student at no additional cost. Certain restrictions apply, so contact your local Steers Insurance representative to see if this is an option for you. If coverage is not extended from your existing policy, consider Tenants’ Insurance. It might seem unnecessary to purchase insurance for a rental property, but you will be happy you did. You can also save on up to 20% on Tenants’ Insurance by combining it with your existing automobile insurance.
Why does my teen need coverage?
A person’s landlord has no responsibility to replace personal possessions in the event of a theft, fire, or flood. Even though you don’t own the property, any assets on it that are yours – TV, furniture, books – are out of your pocket to be fixed or replaced. Even if you don’t have many possessions, things like second-hand furniture that might not seem like a huge investment will be costly to replace all at once. As well, if you’ve purchased any of your belongings on credit and something happens, you will still be responsible for paying the balance to your creditor.
What else is covered?
Liability insurance is included in a Tenant’s Insurance policy. Liability Insurance coverage will protect you in the event you are found legally liable for damage to property that you do not own. If for example, the stove caught fire and caused damage via smoke and fire to the whole building, you may be held liable. Without liability insurance, you could end up paying for a long, long time.
How Steers Can Help
Steers Insurance can help you find the right Tenants’ Insurance coverage for your needs. Our dedicated team has been providing home and renters insurance coverage to individuals and families in our province for almost 100 years. As members of your community, we have a unique understanding of the challenges you face and your insurance needs. Request a quote online, call us at 1-877-478-3377, or contact us online.