Tenant Contents & Additional Living Expenses in Prince Edward Island
A landlord's building insurance does not automatically insure a renter's personal belongings. Tenant policies commonly combine contents coverage with personal liability and Additional Living Expenses, subject to limits and covered causes of loss.
Key points
Check the signed tenancy agreement and the current insurance policy before applying this point to a personal situation.
Check the signed tenancy agreement and the current insurance policy before applying this point to a personal situation.
Check the signed tenancy agreement and the current insurance policy before applying this point to a personal situation.
Check the signed tenancy agreement and the current insurance policy before applying this point to a personal situation.
Build an inventory before choosing a contents limit
Clothing, furniture, electronics, kitchen items, sports gear and other possessions can add up quickly. A room-by-room inventory is more defensible than guessing a round policy limit.
ALE pays extra eligible costs, not all living costs
Additional Living Expenses are generally designed around extra costs caused by a covered loss. Limits, duration and covered triggers vary by policy.
Coastal and storm risk make cause-of-loss wording important
PEI renters can face wind, water and evacuation events. The landlord's property policy and the tenant's contents/ALE policy protect different interests.