How do I know how much coverage I need as a tenant?
Evaluation for tenants coverage is based on the value of all your contents up to $200,000. A single policy covers the replacements cost for Personal Property (contents) and the Tenants Improvements and Betterments. Contents insurance covers the costs to repair or replace clothes and most household items. Even if you think your belongings have little value, the cost of replacing everything at once adds up.
Why did my insurance premium go up?
Many factors are taken into consideration with insurance carriers' underwriting guidelines; from past claims to future predictions. A big reason is postal code. All variables and information regarding your home are correct and updated to provide you with the best suited insurance protection while gaining all
How can I reduce my tenant insurance premiums?
We encourage you to review your renewal each year. Here are some options you have to reduce your premium: Increase your deductible, install a home and security system or monitored alarm, ensure everyone living in your condo is a non-smoker, bundle your tenant and auto insurance with BKIFG, re-assess the value of your condo’s contents
What is claims forgiveness?
Claims forgiveness is an optional addition to your home insurance policy. In the event of your first property claim; that claim will be waived as if it never happened, your rates not increase due to the claim, and you maintain your claims-free discount. Upon your renewal, if you make another claim it will be treated as your first.