IBC reminds students about the importance of tenant insurance
HALIFAX, Aug. 30, 2016 /CNW/ - It's that time of year again! Students are heading back to school, and many college and university students are packing up to move out on their own for the first time. As parents and students finish their to-do lists for the big move, Insurance Bureau of Canada (IBC) reminds them of an important item that's often overlooked: tenant insurance.
"Starting school away from home is one of the most exciting times in a young person's life, but it brings more responsibility," said Amanda Dean, Vice-President, Atlantic, IBC. "To help make sure your belongings are taken care of, tenant insurance is a must. It's something you can't afford not to have."
IBC's Top 10 reasons for students to purchase tenant insurance:
1. |
It's easy |
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2. |
It's affordable. |
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3. |
It protects your stuff. |
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4. |
You own more stuff than you think. |
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5. |
It covers additional expenses after a loss. |
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6. |
It protects you if you damage someone else's property in your building. |
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7. |
It protects you if you cause someone harm in your building. |
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8. |
It protects you in the event of a lawsuit related to your rental unit. |
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9. |
You can't afford not to have it. |
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10. |
It would make your parents proud. |
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"IBC encourages you to speak with an insurance representative to find out more about tenant insurance," added Dean. "For further information, phone IBC's Consumer Information Centre at 1-844-2ask-IBC."
About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.
P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 120,000 Canadians, pays $8.2 billion in taxes and has a total premium base of $49 billion.
For media releases and more information, visit IBC's Media Centre at www.ibc.ca. Follow IBC on Twitter @InsuranceBureau and @IBC_Atlantic or like us on Facebook. If you have a question about home, auto or business insurance, contact IBC's Consumer Information Centre at 1-844-2ask-IBC.
If you require more information, IBC spokespeople are available to discuss the details in this media release.
SOURCE Insurance Bureau of Canada
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