OLA in the News: Do Renters Need Insurance?

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tag-photos

Re: OLA in the News: Do Renters Need Insurance?

#31 Unread post by tag-photos » August 18th, 2011, 11:58 pm

Skitter wrote:Reality is tenants don't need contents insurance to be compensated in case of fires and other events. Under the Residential Tenancies Act, if the fire isn't the renter's fault, the landlord will be responsible for providing compensation for lost contents.


this is a myth that was stated by a prominent tenant activist.

What if the fire is the fault of the LL due to negligence or carelessness though?

I am not sure but I think in those cases the tenant can get reimbursed from the LL, if nothing else they can go after the LL through a civil lawsuit for their damages and losses.

furtado_4real
Posts: 515
Joined: November 27th, 2009, 9:36 am

Re: OLA in the News: Do Renters Need Insurance?

#32 Unread post by furtado_4real » August 19th, 2011, 9:08 am

Openborders wrote:If you think I'm going to be intimidated by a gang up here, you are mistaken.
No one here cares if you are or not. You are slow aren't you? What we want is for people who come to this forum to see facts, not your BS that you spew.

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zerg
Posts: 408
Joined: April 13th, 2011, 2:10 pm

Re: OLA in the News: Do Renters Need Insurance?

#33 Unread post by zerg » August 19th, 2011, 11:11 am

Saynotoslumlords wrote: Ignore ol' zergie. He's the least informed person here.
You live with mommy and are probably covered by her insurance.

Tag: the possibility that it's the landlord fault in some possible scenario is not cause to neglect insurance. If for nothing at least get it for your own liability.

It's amazing how foolish some people are and it's difficult to tell if they are trolling or legitimately misinformed.

Openborders
Posts: 31
Joined: August 18th, 2011, 12:58 pm

Re: OLA in the News: Do Renters Need Insurance?

#34 Unread post by Openborders » August 19th, 2011, 1:34 pm

tag-photos wrote:
Skitter wrote:Reality is tenants don't need contents insurance to be compensated in case of fires and other events. Under the Residential Tenancies Act, if the fire isn't the renter's fault, the landlord will be responsible for providing compensation for lost contents.


this is a myth that was stated by a prominent tenant activist.

What if the fire is the fault of the LL due to negligence or carelessness though?

I am not sure but I think in those cases the tenant can get reimbursed from the LL, if nothing else they can go after the LL through a civil lawsuit for their damages and losses.
You are on the right track. These landlords are either trolling by giving tenants bad information or legitimately ignorant because they aren't tenants.

tag-photos

Re: OLA in the News: Do Renters Need Insurance?

#35 Unread post by tag-photos » August 19th, 2011, 1:34 pm

zerg wrote:Tag: the possibility that it's the landlord fault in some possible scenario is not cause to neglect insurance. If for nothing at least get it for your own liability.

You are absolutely right.

There are, however, two separate issues. All I was referring to was that under certain circumstances it is possible to have your possessions covered by the LL. The only circumstances I can think if though are through LL negligence or carelessness.

There is of course a whole slew of reasons a tenant should have contents insurance. Liability coverage is only one reason of many.

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