Renting Your First Apartment 

Think you don’t need insurance for your apartment because you don't own much that’s valuable?

Here’s some information to help you understand the benefits of a home insurance policy.

Why Buy Home Insurance?

First of all, did you know that your landlord can require you to be insured before you sign your lease?

But more importantly, a home insurance policy includes coverage for:

• Fire
• Theft
• Vandalism

It also protects you if you accidentally cause damage to others.

What if you forget to turn off the bath water and it overflows into your downstairs neighbour’s apartment.

Fortunately, your home insurance policy protects you from being sued for the accidental damage that you’re responsible for.

Students

Here’s an interesting fact: students who are dependent on their parents and live in an apartment may be covered through their parents’ home insurance policy—without additional premiums. Look into it!