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Introducing: Buy Now Renters Package

June 5, 2017

MIG Insurance is excited to announce the launch of our "Buy Now" Renters Package.

Now, in just a couple minutes and a few easy steps you can get a quote, buy Renters Insurance online, and get your policy documents delivered to your email.

We're making Renters insurance simple, easy, and clear.

See what all the buzz is about.

Renting a place and don't have insurance? Here's why you need it.

We all know that insurance is a grudge purchase because of its intangibility, but you don’t realize how valuable it is until you actually need to use it.  Renters insurance is just important but somewhat forgotten by many people; many renters fail to purchase insurance.  It is estimated that 50% of Canadian renters don’t have a policy to cover them if an accident occurs.  The good news is renters insurance won’t break the bank; that being said, not carrying coverage is an unnecessary risk.  We will dispel some of the top myths about renters insurance.

My landlord has insurance so I am covered.

While your landlord will have insurance coverage on the building where you reside, that insurance is only in place to protect the building and the landlords own personal liability in case an injury takes place on the premises; your belongings aren’t listed anywhere on their policy.  So, if the building burns down with all your possessions in it, they will replace the building but you are on the hook for replacing your possessions.  Think about that for a second, could you replace all of your belongings out-of-pocket? I couldn’t.  As a renter you should carry your own renters insurance to protect your belongings from potential risk.

The upgrades I have made are part of the building so they are covered.

Your landlords policy will cover improvements they have made; it doesn’t cover any improvements you have made to your space.  So if you have installed a fancy closet organizer from IKEA, you are going back to IKEA to buy the same one in the event of a fire because it won’t be covered. 

I don’t have many material things - I don’t need insurance.

It is easy to think that your possessions may not present a significant loss for you, but take an inventory of all your possessions and see how fast it adds up.  Even if you just had a phone and MacBook that were lost in a fire, a renters insurance policy will prove it’s worth multiple times over.

I'm very careful - I don’t need insurance.

Accidents happen to everyone, thats why insurance exists.  Having third party liability insurance (which is part of a renters insurance package) will protect you from accidents which could cause damage or injury to another persons property and most likely end your relationship with them if you can’t rectify replacement costs out of pocket.  

Dog lover? Even the nicest dogs can have a moment of primal instinct; whether its over food or protective instincts.  In the case this happens and your dog bites someone, you can rest easy knowing you renters insurance package will cover their medical bills and other damages that may be awarded in court.  

I am buddy-buddy with my landlord, they will look after me if I have to vacate my apartment.

Your landlord isn’t responsible for paying living expenses while their tenants are displaced from their property if an insurance claim is being settled or repairs are being made. Your insurance policy will pay for living expenses for the time that you are not able to live at your insured property. You can see how quickly this could add up.  

Renters insurance is a simple, easy, and clear way for renters to achieve peace of mind and protect themselves and their possessions.

MIG Insurance
MIG Insurance