It is a combination of the better-known landlord and renter insurance policies. It is a policy that is specially designed for your apartment.  It covers damage caused by theft, fire, severe wind, lightning strikes and burst pipes. You can insure under this policy your personal belongings including furniture, appliances, electronics, and clothes if they are damaged by the stated insured events.

Overview

 Personal Property Coverage:

• Protects your personal belongings such as furniture, electronics, clothing, and appliances in the event of damage or loss caused by covered risks, including:
  • Fire
  • Theft or burglary
  • Vandalism
  • Water damage from leaks (excluding flooding)

 Liability Coverage:

• Covers legal and medical costs if someone is injured inside your apartment or if you accidentally damage someone else’s property. For example:
  • A guest is injured while visiting your apartment.
  • You accidentally damage a neighbours’ property, such as flooding their apartment by leaving a sink running.

 Loss of Use (Additional Living Expenses):

• If your apartment becomes uninhabitable due to a covered event (e.g., fire or water damage), this coverage helps pay for additional living costs, such as:
  • Hotel bills
  • Restaurant meals
  • Temporary rent for another place to stay