When you move into an apartment, your landlord’s insurance doesn’t cover your personal belongings.
That’s where tenant insurance comes in.

Let’s break it down in plain English.

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1. What Is Tenant Insurance?

Tenant insurance (sometimes called renter’s insurance) is a policy that protects you, the tenant — not the landlord.

It covers your personal items and liability if something unexpected happens, like:

- A fire or flood damages your furniture or electronics
- Someone breaks in and steals your belongings
- A guest gets hurt inside your apartment

It’s peace of mind for your stuff and your safety.

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2. What Does Tenant Insurance Cover?

Here’s what most tenant insurance policies include:

1️⃣ Personal Property Coverage – Replaces your belongings (like clothes, furniture, and electronics) if they’re damaged or stolen.
2️⃣ Liability Coverage – Protects you if someone gets hurt in your unit or if you accidentally cause damage to another apartment.
3️⃣ Additional Living Expenses – Helps pay for hotel or temporary housing if you can’t stay in your apartment after an insured event (like a fire).

Some policies also cover things like bicycle theft, identity theft, or storage units — depending on the plan.

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3. What Tenant Insurance Doesn’t Cover

Not everything is covered, so it’s important to read the policy carefully.

Most tenant insurance plans don’t cover:
- Damage from pests (like bedbugs or mice)
- Your roommate’s belongings (unless they’re listed on the policy)
- Damage caused by neglect or intentional acts

Always ask your insurance provider what’s included and what’s not.

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4. Is Tenant Insurance Required?

In New Brunswick, tenant insurance isn’t required by law — but most landlords, including MU Property Management, require it as part of the lease agreement.

Why?
Because it protects both the tenant and the property owner.

If something unexpected happens — like a kitchen fire or water leak — your insurance helps cover your losses without putting you in financial stress.

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5. How Much Does Tenant Insurance Cost?

Tenant insurance is usually very affordable.
Most policies cost between $15 and $30 per month, depending on:

- The value of your belongings
- The coverage amount
- Your location and insurance provider

For less than the price of a pizza night, you can protect everything you own.

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6. Why Tenant Insurance Matters

Here’s the truth: accidents happen — even in the best buildings.

Without insurance, replacing your belongings or covering damage could cost thousands of dollars.
With insurance, you can rest easy knowing you’re protected.

At MU Property Management, we encourage every tenant to get insured before moving in.
It’s not just about the rules — it’s about responsibility and peace of mind.

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The Bottom Line

Tenant insurance is simple: it protects you and your belongings from the unexpected.

It’s affordable, practical, and often required — because life happens, and it’s always better to be prepared.

If you’re renting an apartment, make sure you’re covered.
Your landlord’s insurance protects the building — tenant insurance protects you.