Fort McMurray Tenant Insurance

Looking for the best apartment insurance in Fort McMurray?

Whether you live in a one-bedroom apartment in Eagle Ridge or a cozy duplex in Timberlea, finding the best tenant insurance in Fort McMurray has never been easier thanks to our dedicated broker team.

As insurance advisors, who live and work within the area, you can trust us to compare competitive quotes for you. We use our local knowledge and expertise to provide an honest opinion on which policy is best for you and your needs.

Why do renters need tenant insurance in Fort McMurray?

For those new to insurance, you might be surprised to learn that even if you do not own a house or condo, you still have plenty of apartment insurance options. For renters, tenant insurance provides excellent coverage for all the things you care about, and major benefits for you personally.

While your landlord will have insurance for the main structure of building, you need your own dedicated policy to cover your contents. Tenant insurance, also referred to as renters insurance, provides coverage for your personal belongings, and so much more. With this type of policy, you also receive liability coverage in case of lawsuits, and living expenses in the event you are unable to stay in your apartment for a period of time due to the insured loss.

Without tenant insurance, you would have to cover expenses – such as repairs or replacements, legal fees and additional living costs – on your own, in the event of a loss or lawsuit.

What does tenant insurance include?

Tenant insurance offers protection across three primary areas:

Personal belongings

For those who have lived in many different apartments over the years, we know the items which make the cut with each move are truly treasured possessions. Tenant insurance helps ensure prized items are covered, whether they are practical objects like furniture or electronics, or part of a cherished collection, like vintage clothing or vinyl LPs. In fact, if you have a personal collection, it is important to keep your insurance broker in the know, as additional coverage may be required.

Personal liability

Personal liability coverage, a standard feature with tenant policies, is one unexpected benefit that could potentially save you tens of thousands (or more) in costly legal proceedings. If for example, a visiting guest hurt themselves in your apartment and decided to file a lawsuit, you would receive coverage to help pay for a lawyer and other legal fees.

Additional living expenses

This policy inclusion is another added perk in situations where you are required to leave your apartment while construction or repairs take place due to an insured loss. Without this coverage, you would need to pay for expenses, such as hotels, transportation and food, out of your own pocket. With tenant insurance coverage, you receive help to cover all these costs.

Tenant insurance rates in Fort McMurray: What renters should know

Like most types of insurance, the cost of tenant insurance is dependent on many different factors, but rest assured it is one of the most affordable insurance products, and is worth every penny for the peace of mind.

Here are some of the key factors used to determine tenant insurance rates in Fort McMurray:

• Type and classification of building (i.e., high-rise apartment, house, in-law suite etc.)
• Type of building construction materials used (i.e., roofing, heating, plumbing etc.)
• Location and neighbourhood specifics (i.e., crime rate, proximity to rivers etc.)
• Your personal insurance and claims history
• The replacement value of your personal belongings

Each insurance provider has different calculations that are used to determine your rates, which is why it is always wise to consult a tenant insurance advisor who is familiar with Fort McMurray. As local insurance experts, we know the neighbourhoods you call home and can use this knowledge to make securing coverage even easier for you. Our team will price out policies amongst several different insurance carriers to find the most affordable, but inclusive options available.

Get the best renters insurance for your needs with Acera Insurance

As an independent insurance brokerage, we access a vast network of insurance partners to compare tenant insurance providers for you. Our goal? To find you the most comprehensive and competitive policies with the perfect amount of coverage for your needs.

We provide expert guidance and advice to renters. In fact, our broker team specialize in renters, tenant and apartment insurance in our beloved Fort Mac. Apart from understanding the insurance market in your neighbourhood, as local residents, we personally know the satisfaction that comes with knowing you are fully protected, at the best tenant insurance rate in Fort McMurray.

Learn more and get a free tenant insurance quote today.