What You Need to Know About Fire and Tenant Insurance Coverage

Within the past week, residents of Victoria, BC have seen headline after headline on local apartment fires. As a community, we’re becoming increasingly aware of how frequently these disasters take place — and wondering how we can better protect ourselves if the unthinkable were to happen to us.

It’s important to remember that apartment fires aren’t just a threat to your physical safety. Even if a fire happens when you and your family aren’t at home, the financial damages are staggering. At Harbord The Home Insurance People, we feel we have an obligation to keep our community safe by informing and educating as many people as possible about these financial risks of residential fires.

Here, we’ve compiled some important information that we believe all renters in British Columbia should know:

1. Your Landlord’s Insurance Will Not Cover You

Thousands of renters are living in basement suites in BC. It’s important to note that, while your landlord is responsible for their personal home insurance and the insurance on the building itself, that insurance does not extend to covering your personal property.

2. Renters Insurance Protects Your Belongings

A major aspect of a renter’s insurance policy is coverage for belongings within the home that may be destroyed in the event of a fire. The policy covers everything you own, from furniture and décor to clothes and electronics, and can be tailored to your individual needs.

3. Insurance Covers Temporary Accommodations

If a major fire occurs, your home is likely to be unlivable, meaning you’ll need temporary accommodation elsewhere. The good news is that tenant insurance can cover that. As long as your apartment is unlivable due to an insurance claim, your policy can provide coverage to stay at a hotel while repairs take place, or while you are looking for a new long-term accommodation.

4. Liability Follows You

Your personal liability follows you. If a fire starts in your apartment, you can be found liable for any fire damage caused to other units. But if you were to accidentally start a fire in a temporary accommodation, like a hotel, you’d still be financially responsible for the damages. Luckily, tenant insurance offers coverage for both of these cases.

5. Home Insurance For Renters Is Affordable

Contrary to popular belief, Tenant Home Insurance is extremely affordable. It is often purchased at a relatively low cost and can be as low as $20 a month. Compared with the hundreds of thousands of dollars of damage that a fire can cause, the savings can be enormous.


We know that the world of insurance can seem quite complex, but it doesn’t have to be. We strongly believe that all renters should obtain tenant insurance to keep themselves safe. Our team of highly dedicated brokers are happy to help you navigate obtaining tenant insurance and would be happy to answer any questions you have. Give our brokers a call at 1.844.544.4663, or get a home insurance quote online.

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