Many insurance claims that housing providers make result from accidents involving residents. Often tenants do not realize that their landlord’s insurance does not cover them or their belongings in the event of a fire. And many tenants that are displaced from their units cannot afford to pay for temporary accommodation – forcing the provider and Service Manager to scramble to make arrangements.
These accidents can also affect a provider’s claims history and risk profile, making their building insurance more expensive.
There’s a simple policy-based solution, which more and more housing providers are using: making tenant insurance mandatory for residents by including it as a clause in their rental agreement. Making this decision protects both tenants and providers when disasters happen.
If you are considering making tenant insurance mandatory in your building, HSC can help by connecting you with providers who have successfully implemented this policy in their buildings.
We also offer free brochures on HSC’s Tenant Insurance Program for housing providers and information sessions for tenants who would like to learn more.
Printed brochures are available to housing providers at no cost. Simply click below to fill out the order form and we will have them shipped to you.
You can also download and print our posters and brochures yourself if you prefer. Simply select your province below.