Are you renting an apartment? Here are 4 reasons why many tenants don’t purchase renter’s insurance, and how this can put you at serious financial risk. 

Owning a home is still the dream for many Canadians, but renting also has its benefits. You don’t have to pay for any upkeep, you can move around for work or personal reasons, and you never have to worry about getting underwater on a mortgage. 

 

However, as a renter, you still need to think about financially protecting yourself, and renters insurance is the way to do that. 

 

Renter’s insurance has many benefits and depending on your specific situation and policy, the payout you receive can help you: 

 
  • Cover any legal or medical bills associated with a disaster 
  • Replace your valuables that have been lost, such as your laptop, mobile phone, or TV 
  • Pay for lodging while your apartment is being renovated 
 

While most landlords do offer insurance for damage to the actual building, this still leaves all of your personal property vulnerable. With renters insurance, you can have the total peace of mind that comes from knowing everything is looked after. 

 

Start a Besure Pool For Renters Insurance 

 

Are you looking for affordable, fair, and customizable renters insurance? Then why not start a Besure pool today. By harnessing the power of the sharing economy and social networking, Besure’s P2P platform allows you to pool your resources together with other renters to protect your valuables and lower your financial risk. 

 

Want to know more? 

 

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4 Reasons Tenants Don’t Purchase Traditional Renter’s Insurance 

 

Even though renter’s insurance is extremely important to protect yourself financially, many renters tend to neglect it. This occurs for several reasons, including: 

 

1. People don’t know about it. While many renters have car insurance or health insurance, they think that insurance relating to the home is just for homeowners, not renters, and so don’t purchase renter’s insurance because they don’t know it exists. 

 

2. High costs. Some renters refuse to purchase traditional insurance because of the cost. They find it too expensive and would rather risk living on the property without it.

 

4 Reasons You Need To Start a Besure Renter’s Insurance Pool 

 

3. Renter’s insurance isn’t a top priority. Some tenants know about renter’s insurance but they would rather put off purchasing it to focus on things they consider more important. 

 

4. Some renters don’t see the value. One of the biggest mistakes renters make is thinking that renter’s insurance is a waste of money. They would rather take the risk of something terrible happening without being properly insured, instead of allocating money to ensure that they are covered. 

 

4 Little Known Benefits of Starting a Besure Pool For Renter’s Insurance 

 

Your landlord’s property insurance won’t help you if disaster strikes. While it may cover the structure of the building you live in, it won’t cover any of your valuables. Starting a Besure pool for renter’s insurance, on the other hand, can cover your belongings from all the bad events listed in your self-insurance policy, such as fire, smoke, water damage, lighting, and vandalism. 

 

Here are just 4 little known benefits of starting a Besure pool for renter’s insurance: 

 

1. You’ll be able to live in comfort after a disaster. Renter’s insurance can include ‘additional living expense’ coverage if your home becomes unlivable after a disaster and you need to find a temporary place to stay. The coverage would ideally reimburse you for extra expenses, such as the cost to stay in a hotel or rent another apartment. 

 

2. Medical expenses for injured guests. Did a friend or visitor get injured while visiting your apartment? Renter’s insurance would pay for the medical bills up to the policy’s limit, so you won’t have to worry about paying large sums out of pocket. 

 

3. It covers damage your child may cause in someone else’s home. You could ensure that your Besure renter’s insurance policy provides liability insurance to cover injuries or property damage you or your family members cause others. For example, if your little one breaks a neighbor’s rare antique, your policy could pay to replace it. 

 

4. The policy can pay for any legal costs. If someone gets accidentally injured or hurt in your apartment, the liability coverage on your renter’s policy could pay for the legal costs and court awards, up to your policy’s limit. You can choose the amount of liability insurance when you start a Besure pool.

 

Call Today

If you’re looking for an affordable, transparent, and fair renter’s insurance policy, that provides an easy claim’s process and quick payout, then why not create or join a Besure pool today? By gathering your resources together with other renters, you can achieve the peace of mind that comes from knowing your personal belongings will always be protected. 

 

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