Insurance protection is not reserved for home or condo owners, tenants and renters also need adequate or relevant insurance coverage. Tenant insurance, also known as rentals or content insurance, is the right coverage for you to protect your rentals, your properties and the content of your apartment against loss, damage or theft. This coverage can help you secure your properties in case of unforeseen circumstances.
Renter’s insurance covers personal liability in case someone gets hurt while visiting your home, and living expenses in case loss or damage forces you to live somewhere else on a temporary basis. You can also opt for additional protections against menaces like water damage, oil damage, earthquake, and identity theft. The plan allows you to save on your coverage by installing an approved security system, remote fire detection system, or remaining claims-free for five years.
Features and Benefits of TD Renters Insurance
TD offers three renters coverage. These include gold, platinum, and platinum plus plans. The three plans offer protection against all risks and also 100% of the insured amount for your belongings outside of your residence. They also cover specialty items but only platinum and platinum plus covers the mysterious disappearance of items.