Tenant insurance: why it matters

The landlord's or syndicate's insurance does not cover your personal belongings. Tenant insurance protects your furniture and belongings against theft, fire or water damage, and usually includes civil liability if you damage the building or a neighbour's unit.

Many leases also require proof of insurance before handing over the keys. Take an inventory of your belongings, pick a realistic coverage amount and keep a copy of your policy.

Understand the coverage

Coverage and exclusions vary by contract. Check limits for belongings, civil liability, additional living expenses and the deductible. Valuables may require specific protection; ask your insurer rather than assuming they are covered.

Document your belongings

Photograph furniture, appliances and important items. Keep available receipts and an inventory somewhere you can access even if you cannot enter the home. Update it after major purchases or a move.

When moving

Tell your insurer the new address, dates and property characteristics. A new roommate, working from home or a long absence may also change your needs. Confirm continuous coverage during the move.

After a loss

Put safety first, notify the appropriate services and property manager, then contact your insurer promptly. Document damage without exposing yourself to danger and follow instructions before disposing of affected items.

General information: rules and circumstances may vary. Check official sources or consult a professional about your situation.