What is covered under your student tenant insurance package?
Personal Liability Coverage
If a resident is found to be responsible for causing damage to the building or another person’s property (for example, if a resident accidentally started a fire in their room) or bodily injured another person, the person will respond up to pay legal expenses and compensatory damages for which they are found to be legally liable.
Personal Property Coverage
Each resident will be provided with coverage to protect the contents in their room and other personal belongings worn or used by the resident on- and off-premises up to the limit you select – subject to a fire, theft, or water damage with any claims to be settled on a “replacement cost” basis, i.e. without deduction for depreciation.
Additional Living Expenses
If as a consequence of an insured loss the residence room is unfit for occupancy or a resident has to move out of their suite while repairs are being made, the policy will pay the increased expenses, up to 20% of your property limit, incurred by the resident to obtain temporary housing. If a resident has to move to a hotel for a few days while the room is being repaired, these additional costs would be covered and if required, increased food costs for restaurant meals.
