Renter's Insurance by Lyndsay Nowak https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b Presented by Lyndsay Nowak en-us 2021-11-24 01:54:54 UTC 2026-02-03 04:15:02 UTC hello@padlet.com lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909603515 The topic I will be discussing is renters’ insurance, also known as tenants insurance. Think of this as a crash course in everything you need to know. I will be covering everything from what renter’s insurance is, why it is important, what the insurance covers, and how it protects you.

This information will be displayed through videos, images, and useful websites.

]]> 2021-11-24 01:56:43 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909603515 Video 1: Tenant Insurance presented by Insurance Bureau of Canada lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909611453 2021-11-24 02:02:07 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909611453 Video 1: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909611629 Video one contains information on renters’ insurance. It provides information regarding the personal liabilities that insurance covers, which many people do not consider. An example of this used in the video is an injury of another individual or damages to another unit in which you can become liable and may be required to pay for damages incurred. The renter’s insurance will not only cover the cost of the damages but the defense that may be needed to represent you in court if it comes to that. If you don’t have renters’ insurance, this can become very costly. The video also covers information about personal living expenses. Meaning that if these damages make your home unlivable while repairs are happening, you will need to find temporary housing. If the cost of this is greater than your regular living expenses, this would be covered under your insurance. Also, if there was an emergency that required the evacuation of the premises, insurance would cover the cost of a hotel. Lastly, the video ends with the suggestion of knowing your valuables, and the costs to replace the items.

I chose to include this video on my Padlet because the information contained in the video is very informative and straightforward. It includes factors that some individuals may not take into consideration, such as personal liability and personal living expenses while providing scenarios for each. A piece of information that I found useful in this was how it brought up how renters’ insurance would cover the cost of a lawyer if a situation needed that. That was something I was not aware of but feel better knowing as lawyers are very costly.

]]> 2021-11-24 02:02:14 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909611629 Video 2: Ontario Renters Insurance – Here’s what you need to know presented by Excalibur Insurance Group lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909626857 2021-11-24 02:11:50 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909626857 Video 2: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909627088 Video two contains in-depth detail about multiple different aspects of renters’ insurance. The video asks multiple questions that renters need to consider while renting if a situation were to incur. The questions are as follows; where would you stay? Would you be able to afford a hotel? How would you pay to replace your personal property? It then explains that the landlord’s insurance for the building does not cover any of these things. The video then discusses what renters’ insurance does cover. This includes coverage on personal items lost due to fire, smoke, wind, hail, theft, vandalism, and water damage. Coverage also includes the cost of a hotel, food, and additional living expenses while your home is not livable. Lastly, coverage also includes personal liability coverage, which protects yourself, and members of your family against claims that have been caused by unintentional acts done inside or outside of your home. Along with this, the liability coverage also covers property damage, health care bills, and legal expenses if you were in a lawsuit.

I chose to include this video on my Padlet as it goes in even greater depth than a video one. It covers multiple aspects of the insurance and gets the audience to think of how important insurance is by asking the 3 questions. One piece of information I found useful within the video is the explanation and criteria listed of ways insurance can cover your personal items if they are lost due to fire, smoke, wind, hail, theft, vandalism, and water damage.

]]> 2021-11-24 02:12:00 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909627088 Video 3: How To Find Insurance With A Roommate presented by Square One Insurance Services lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909632557 2021-11-24 02:15:25 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909632557 Video 3: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909632902 Video three is interesting as the topic is renters’ insurance with a roommate. It first explains the basics of renters insurance, and that when more people are living in the home, the risks are increased. The video also explains how landlords’ insurance is different from renters, as landlords need insurance to cover the building, the appliances within the building, window coverings, and additional items that tenants may be in use of. The video also explains the criteria that are included in how your personal belongings may be damaged, which that may include earthquakes depending on the policy. The video also debunks myths that individuals have when it comes to renters’ insurance. Things like that if you don’t have a lot of personal belongings, you won’t need the insurance, or that insurance is unaffordable. Also, in the video on the topic of roommates, some insurance provides allow a shared policy that can be split between the individuals. This may seem like a good idea to some, but the video explains why individuals should have separate policies even though they share the home. These reasons include complications with personal losses, claim payments, and simply the chance of not having enough coverage for personal needs.

I chose to include this video on my Padlet as is an interesting choice to think about the option of splitting insurance. Many individuals share their homes, and this video provides great information on why they might or might not want to share their renter’s insurance. One piece of information that I found useful in this video is that when sharing an insurance policy, it makes it more challenging to have full coverage for each person’s individual needs. Each person has different personal belongings at different values, which is difficult to tailor towards when sharing the policy.

]]> 2021-11-24 02:15:38 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909632902 Video 4: Tenant Insurance Vs Landlord Insurance | Who's Covered? Presented by Square One Insurance Services lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909634611 2021-11-24 02:16:46 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909634611 Video 4: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909635032 Video four talks about the differences between renters’ insurance and landlords’ insurance. The video explains in detail what exactly landlord insurance is, and how it just projects the building, furnishing in the building such as a fridge and stove, but not you as the tenant and your items. The video then explains why you as a tenant will want to purchase renters’ insurance while providing multiple reasons and various scenarios that could incur.
I chose to include this video in my Padlet as I think it is important for renters to be aware of the differences between landlord’s insurance vs. renters’ insurance and have a clear understanding of how landlords’ insurance offers no protection to you as the renter. One piece of information that I found useful in this video is that if your unit is fully furnished, each item may be covered under the landlord’s insurance policy as it does not fall under your personal belongings. ]]> 2021-11-24 02:17:00 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909635032 Image 1: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909649673 2021-11-24 02:26:08 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909649673 Image 2: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909658048 2021-11-24 02:31:12 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909658048 Image 1: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909662244 This image displays a unit containing multiple common items that an individual might have in their living room. It gives the viewer a visual representation of how each item contains a value to replace by placing a red tag with the dollar sign. The couch is the most expensive to replace. 

I chose to include this photo as it allows the viewer to start to think about how in their own homes how much the cost of their belongings, and how many items that they have. It is useful to understand if something were to happen, just how much it would cost to replace each item.

]]> 2021-11-24 02:33:47 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909662244 Image 2: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909662594 This image displays a possible yet unexpected situation that can happen to any tenant. Flooding. Each belonging is sinking into the water, and the walls are getting water damaged.

I chose to include this image as it allows for the viewer to put themselves into that situation. They can think about what is happening in that image, and what if it was their home and belongings. If they were to think they did not need renters’ insurance this image is sure to change their minds. It is always best to be protected from the unexpected.

]]> 2021-11-24 02:34:00 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909662594 Website 1: What is Tenant Insurance? lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909674385 2021-11-24 02:41:27 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909674385 Website 1: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909674803 This website is TD Insurance, and it contains basic information about tenant insurance. The website discusses what renters’ insurance is, what the insurance covers, why it is not mandatory but reasons why you should get renters insurance, and lastly, the different coverage that TD offers. The website has direct links to insurance quotes, live chat support, and the option to connect with an insurance advisor.

I chose to include this website on my Padlet as I thought it was a great choice to include a well-known banking company that also provides renters insurance. The website is direct with its information and allows users to get an insurance quote within just a few minutes. One useful piece of information I found on this site was how the site makes a clear bolded statement right at the start of the page that the terms renters’ insurance and tenants’ insurance are the same. Just terms that are used interchangeably. They set things straight so viewers won't be confused.]]> 2021-11-24 02:41:44 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909674803 Website 2: Tenant Insurance lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909675939 2021-11-24 02:42:28 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909675939 Website 2: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909676308 This website is a Canadian insurance company called SGI Canada. The website includes a detailed explanation of how an insurance package can be built. They offer multiple different options with their renters’ insurance. Firstly, there is basic coverage which includes damages caused by several things. Examples are fire, windstorm, and water escape. SGI also gives you an additional option of comprehensive coverage which includes the replacement of luggage if it is lost by an airline. The website then explains other factors that are included in the renter’s insurance and multiple options for add-on extra coverages. Lastly, the website explains that there are multiple discounts you may be eligible for if you meet any of the criteria. 

I chose to include this website on my Padlet as I think it is important for renters to understand details of what an insurance plan can offer and how you can add multiple different things to personalize it. This website lays things out very clearly so you can see what they offer and compare it with different renters’ insurance plans. One useful piece of information I found on this site is how this company displays just how customizable renters’ insurance can be. I found it useful how they listed everything out, especially how you can get comprehensive coverage which would cover the replacement of luggage if it is lost by an airline. For someone who travels that would be very beneficial to have. ]]> 2021-11-24 02:42:42 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909676308 Website 3: What is Tenant Insurance? lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909678032 2021-11-24 02:43:51 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909678032 Website 3: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909678264 Website three covers multiple different aspects of renters insurance that a renter would have questions about. Such as what is renters’ insurance, what is included in basic renters’ insurance, how much renter’s insurance can be, and how to obtain it. The website also includes clickable links to get quotes from the top home insurance providers. Lastly, the website contains a FAQs section to help answer questions that every renter is probably thinking about. 

I chose to include this website on my Padlet as it is another informative website on renters’ insurance, and it also contains easy links to get quotes from the top home insurance providers. One interesting piece of information I found is that on the website they talk about actual cash value and replacement value. The example there is a difference between those options, and you get the choice on which one to include on your policy. Replacement value is more costly but you then can re-purchase damaged items at the current market value. On actual cash value policies, depreciation is taken into consideration, meaning you will not get the money back that is current market value. ]]> 2021-11-24 02:44:01 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909678264 Website 4: Fact: too many Canadian renters don’t have tenant insurance – where do you stand? lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909679684 2021-11-24 02:44:49 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909679684 Website 4: lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909680067 Website four is all about myths vs. reality when it comes to renters’ insurance. The website provides useful statistics on the myths of insurance, and other survey results from the studies that Belairdirect had conducted in 2015. The website also then provides easy access towards getting an insurance quote with Belairdirect. 

I chose to include this website on my Padlet as it provides interesting facts found in their studies with renters. There are many interesting facts listed on the website. One piece of information that I found useful within the site is that the average Canadian property value is worth $15,000. Considering it is an average value, and every individual's homes are different, I would still say this number surprised me. I thought it would be a greater value. ]]> 2021-11-24 02:45:01 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1909680067 1. What did you learn about your topic that surprised you the most? lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1913121053 When learning the topic of renters insurance many things surprised me. I was not aware of how much the insurance could cover, especially how it covers situations that can occur even outside of your home. I was also now aware of how customizable the insurance can be, and how there can be an option to split insurance with a roommate. My perspective of renters insurance has been completely changed.  

]]> 2021-11-25 19:02:45 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1913121053 2. Provide a real-life example of how this topic is relevant or interesting for you. lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1913133130 This topic is relevant to me as I do have tenants’ insurance currently. In 2020 I had been shopping around for new car insurance and when signing up for new insurance through Allstate I had switched my renter’s insurance to them as well. This was my first time dealing with any insurance as my partner had dealt with it previously. Working through this assignment made me think about when I was setting up the car and renters’ insurance, and specifically the questions I was asked when it came to our home. I remember being asked how old the building was, how close we were to the fire department, the type of water damage coverage we would need, and if I was a student to get a discount. ]]> 2021-11-25 19:14:31 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1913133130 3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on? lyndsaynowak1 https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1913140376 I think the most important thing to pass on is just the importance of renters insurance. It covers a lot of things I believe most people would not be aware of. I would pass on the knowledge I have learned on what exactly basic renters’ insurance covers., while providing different questions renters should ask themselves, followed by some scenarios the videos provided.]]> 2021-11-25 19:22:56 UTC https://padlet.com/lyndsaynowak1/jeopls2o5dy3iq3b/wish/1913140376