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Renters and Condo Insurance 2021-08-26T12:06:37-06:00

Edmonton’s Renters and Condo Insurance Specialist

Many people underestimate the value of their home’s contents, and don’t see the value in obtaining content insurance. It isn’t until a fire, break-in, or other incident occurs, that expenses add up and content insurance suddenly makes sense.

If you live in a condo, you likely have insurance through your condo board. However, many condo owners are not aware that their policies through the condo board do not cover contents or personal liability. Always be sure to read and understand your insurance policies. Don’t hesitate to call Go Insurance’s trusted insurance specialists if you need help understanding your coverage!

What Does Tenant Insurance Cover?

What does Tenant Insurance Cover?

Your Belongings.

Most people purchase tenant insurance to protect against the financial burden of damages or losses to furniture, household items, and other belongings inside a rental property. Tenant insurance also covers the contents of your vehicle in case your car is broken into (auto insurance does not cover vehicle contents).

Your Living Expenses.

If your rental property is being repaired after an insured loss, tenant insurance will cover the cost of living expenses such as hotel rooms, moving costs, and more.

Your Liability Claims.

Tenant insurance doesn’t just protect the items in your home. Another very important aspect of tenant insurance gives you personal liability coverage for at your home, and anywhere in the world. If you unintentionally cause bodily harm or damage to others, even on another property, you’ll be covered under your tenant policy.

How To Calculate The Value Of Your Content

How To Calculate The Value Of Your Content

Before obtaining content insurance, it’s important to estimate the level of coverage you need. Assessing the value of your content is a big task. Once you realize how many items you have to insure, you also realize how much it can all add up.

Typically, the lowest policy levels available will insure you for $30,000 of contents, but you can choose to add more coverage depending on how much content you think you have. The figure you choose to insure for should represent the total value of the contents of your home, in case of a complete loss, such as fire.

Here are some handy tips and tricks for estimating the value of your content:

  • Make a list of different categories of items in your home, or go room by room to assign values to your items.
  • Write out the values for items in each room or category. For larger items like TVs and furniture, you’ll want to list out more exact prices, and have the receipts on hand if possible. Less valuable items (like bedding or kitchen gadgets) can be estimated in groups.
  • Content typically includes anything you would take with you when you move. Do not count structural components like windows, doors, or carpets.
  • Physically walk through your home to make sure you haven’t missed anything. There may be something you hadn’t thought of, and you’ll only be reminded of it when you actually see it.
  • Don’t forget the contents outside your home, including items stored in garages, exterior buildings, storage and garden sheds, and greenhouses.

Do I need content insurance?

  • If you aren’t sure whether content insurance is necessary for you, calculate the value of your contents as a test exercise, and you’ll be surprised at the value. It will likely make you reconsider the value in spending a low amount each month to ensure your content is covered in case of a fire, theft, or other loss.

Fire Escape Planning For A Condo Or Apartment

Fire Escape Planning For A Condo Or Apartment

You should always be prepared for a fire, especially if you live in a condo or apartment building, and particularly if you don’t live on the ground floor of the building. Have an escape route worked out ahead of time so you know exactly what to do if your fire alarm starts ringing.

Plan your route and stay fire safe.

  • Examine the floor plan of your building. Locate the two exits nearest to your unit, and determine how to navigate to them (without using an elevator). Know where all the stairwells are located in your building.
  • Ask your landlord or building manager about the fire escape plan for the building, including the set rendezvous point.
  • Make sure everyone in your home is aware of the fire escape plan. For children, walk through the plan as a real scenario so that if the time comes, they can stay calm and know what to do.
  • Test your smoke alarm regularly to ensure it’s working properly, and doesn’t need batteries replaced.
  • Sleep with the bedroom door closed. If a fire occurs, your door will help hold back both heat and smoke. If the door feels hot, don’t open it; escape through another door or window. The same goes for your apartment door; if the handle is hot, it means there’s fire beyond it.
  • If you see smoke coming from other apartments or in hallways or stairwells, call 911 immediately, even if you suspect it’s only smoke from cooking. Do not wait for someone else to respond or a smoke detector to go off.

Tips For Preventing Condo/Apartment Fires

Tips for Preventing Condo/Apartment Fires


  • The kitchen is a fire hot spot. Keep an extinguisher in this room at all times, near the exit, and away from the stove, where the fire is most likely to start.
  • If a grease fire starts, DO NOT pour water on it. Instead, cover the pan with a lid or close the oven door. Water intensifies grease fires.
  • Don’t store items in or on your stove, as they may catch fire.
  • Place all dishtowels and potholders far away from your stove top. They can catch fire at 400 degrees, and electric coils can reach 800 degrees.
  • Clean the exhaust hood and duct over the stove regularly.

Smoke Detectors

  • Install smoke detectors on every level of your home and outside sleeping areas (so fires are detected BEFORE reaching your bedroom).
  • Test every detector at least once a month.
  • Replace batteries at least once a year, or more often if the detector makes a chirping sound.

Furnace/Space Heaters

  • Install and maintain heating equipment correctly (hire a professional).
  • Don’t store newspapers, rags, or other flammable materials near areas of extreme heat (furnace, space heaters, etc.).
  • Only use space heaters when you’re in the room.
  • Don’t use extension cords with electrical space heaters. The high amount of current they require could melt the cord and start a fire.

Electrical Hazards

  • Avoid using extension cords that are frayed or worn.
  • Avoid overloading a socket with outlet extensions used to accommodate several plugs. Outlet extensions and extension cords are designed for temporary use. If you need more outlets, have them installed.
  • Ensure that light bulb wattage is appropriate for the fixture by checking the label inside each fixture.

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