17 December 2012
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There is no requirement in law for a tenant to purchase insurance or liability. By cons, you should know that it can be a significant advantage during a disaster. Insurance is considered an insurance, which according to the Civil Code of Québec, guarantees against the consequences of an event that may affect the property of a person, so that it owns. Comes when an event causing damage, the tenant may be liable. For example, water damage caused by overfilled bath water that spreads into other housing, fire from your kitchen because you were inattentive for a moment, are examples of events that can cause loss of property many occupants of the same building. Invoice losses can mount quickly enough, both in terms of damage to the building owner as the property of other tenants. If you do not have insurance, it's your pocket that will possibly get the money needed to repair the damage in the event that you were responsible, or if your property was damaged during a disaster .
Attention, your intentional acts are not covered by your insurance, it does not enjoy the luxury of having insurance for mischief.
Ideally, you should keep an inventory of your belongings, take pictures and keep these documents other than your home, if possible, because the process disaster would be facilitated and you have your evidence at hand.
The fact that the owner holds insurance on his property does not protect you against claims of other tenants who have lost property and that may not be insured, especially the fact that the amount of a deductible paid by other tenants or owner for their own insurance may also be claimed.
To get the best product for your needs, it is advisable to consult an insurance broker. It is also important to read all the terms of the insurance contract to fully understand what it covers, what is excluded and if the compensation offered is sufficient for your needs.
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