Many renters assume that because they don’t own their home, they don’t need insurance. But the truth is, tenant insurance (also called renters’ insurance) is one of the smartest and most affordable protections you can have as a tenant. At AM PM Properties, we strongly encourage all tenants to carry insurance—because it protects not just your belongings, but also your peace of mind.
Protects Your Personal Belongings
Your landlord’s insurance covers the building—not your stuff. If there’s a fire, flood, or theft, your furniture, electronics, clothing, and valuables are not protected unless you have tenant insurance.
With tenant insurance, you’ll be reimbursed to replace or repair your belongings if something unexpected happens.
Covers You Against Liability
Accidents happen. If a visitor slips and falls in your suite, or if you accidentally cause damage to another unit (like leaving the bathtub running), you could be held financially responsible.
Tenant insurance includes liability coverage that protects you if you’re sued for property damage or injury to others.
Helps With Temporary Living Expenses
If your rental becomes uninhabitable due to a fire, flood, or major repair, tenant insurance will cover the cost of hotel stays, meals, and other living expenses until you can move back home. Without it, those costs would come straight out of your pocket.
Affordable Peace of Mind
Many tenants are surprised by how inexpensive insurance can be. In Alberta, most policies cost between $20 and $30 per month—often less than a daily coffee. For the price, it’s one of the best investments you can make in protecting yourself and your belongings.
Makes You a Stronger Tenant
Landlords appreciate tenants who take responsibility. Having tenant insurance shows that you’re responsible, prepared, and proactive—qualities that can make your rental application stand out in a competitive market.
Tenant insurance isn’t just about replacing “stuff.” It’s about protecting your lifestyle, your finances, and your peace of mind.
At AM PM Properties, we highly recommend that every renter secure tenant insurance before moving in. It’s a small cost for a big safety net—one that ensures you’re covered when life throws the unexpected your way.
Need expert help with your rental property? Contact AM PM Properties — Calgary’s trusted property management team. Phone: (587)832-5000 | Email: info@ampmproperties.ca | www.ampmproperties.ca
