Tenant Insurance Lease Addendum
Upon signing up for Tenant Insurance, your account will be charged the premium amount choses plus administrations fee on the first of each month, commencing on the start date indicated on your sign-up form. If you re currently set up for pre-authorized payment, the payment amount will increase accordingly each month. If you submit your rent through the portal, please ensure you adjust your recurring payment accordingly to include the amount of your insurance premium and administration fee. Late fees will be applied in accordance with your lease terms for any payments not received on or before the first of each month.
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THE UNDERWRITERS REPRESENTATIVE IS: XN Financial Services (Canada) Inc
THE INSURANCE BROKER IS: BFL CANADA Risk and Insurance Services Inc
FOR ALL QUESTIONS ABOUT YOUR INSURANCE COVERAGE:
PLEASE CALL 1 833 351 6825 or email firstname.lastname@example.org
BFL CANADA Insurance Services Inc – ask for Tenant Program specialist
TOWERS REALTY GROUP LTD. and their staff are not an Insurance Agent
Please do not address questions regarding the insurance to the Manager/Landlord.
Beneficiary Coverage Summary attached to
Group Policy 4-449-1-0029
This insurance is effective 12:01am Standard time on the first day of insured move in date and after the first payment of premium unless otherwise stated. This insurance expires on the last day of the month that was paid for in full unless otherwise stated or canceled by the Broker or Insurer at which point cancellation date will be stated.
LIMIT OF LIABILITY:
The Liability Limit for each coverage section applies for each Beneficiary, for total of the amount shown in the Beneficiary Coverage Summary, as per selected Coverage Option.
COVERAGE OPTIONS / GROSS PREMIUM:
|Option 1||CAD 15,000||CAD 2,000,000||CAD 1,000||CAD 6,000||CAD 15.00|
|Option 2||CAD 30,000||CAD 2,000,000||CAD 1,000||CAD 8,000||CAD 20.00|
|Option 3||CAD 60,000||CAD 2,000,000||CAD 1,000||CAD 10,000||CAD 25.00|
|CAD 2,500 for each liability claim
CAD 2,500 for each personal property loss due to earthquake
CAD 1,000 for each loss under all other sections
FORMS APPLICABLE TO COVERAGE AND ATTACHED HEREON:
CD-BFL-4-04 (07-19), Agency Termination clauses 06/2019, 4033 (11/2013), 4067 (08/2012), CD-EN-MAS-AB (02-19)
NOTICE OF CLAIMS:
To report a claim 1-877-807-5662 / email@example.com
XN Financial Services (Canada) Inc.
600 De Maisonneuve Boul. W Suite 2310
Montreal (Quebec) Canada H3A 3J2
BFL CANADA Insurance Services Inc.
200-1167 Kensington Crescent NW
Calgary (Alberta) Canada T2N 1X7
PERSONAL PROPERTY COVERAGE:
Coverage is provided against physical loss if your contents are damaged, destroyed, or lost.
The kinds of losses that are covered, and any special limits that apply, are explained in detail in the wordings.
Coverage Limit As per selected Coverage Option.
The deductible for each personal property loss is CAD 1,000
The deductible for each personal property loss due to an earthquake is CAD 2,500.
ADDITIONAL LIVING EXPENSES:
Coverage Limit As per selected Coverage Option
SPECIAL LIMITS OF INSURANCE (Applicable to Section 1):
For All Insured Losses
- Money or cash cards
- Business property, but only while on your premises
- Watercraft, their furnishings, equipment, accessories & motors
- Utility trailers
- Spare automobile parts
- Jewelry, watches, gems and furs
- Coin or banknote collections
- Stamp collections
- Each bicycle, its equipment & accessories
- Collectible cards including sports cards & comic books
PERSONAL LIABILITY COVERAGE:
Your liability coverage covers damages for which you are legally responsible. We will pay up to the amount shown for each occurrence for bodily injury, property damage, or personal injury.
Coverage Limit As per selected Coverage Option.
Applicable Deductibles The deductible for each liability loss is CAD 2,500
VOLUNTARY MEDICAL PAYMENTS
Your voluntary medical payment coverage covers any reasonable expenses arising out of unintentional injury to a third party by you as described in the policy.
The maximum amount we will pay for each person in respect of one accident or occurrence is CAD 1,000
VOLUNTARY PAYMENT FOR DAMAGE TO PROPERTY
We will pay for unintentional direct damage you caused to property of others even though you are not legally liable as described in the policy.
Subject to a maximum amount of $500 per occurrence, we will pay whichever is the lower amount of what it would cost to repair or replace the property with materials of similar quality at the time of loss.
THIS POLICY CONTAINS A CLAUSE WHICH MAY LIMIT THE AMOUNT PAYABLE.
The beneficiary is requested to read this document, and if incorrect, return it immediately for alteration. In the event of an occurrence likely to result in a claim under this Insurance, immediate notice should be given to the Intermediary designated above.
This document is issued to provide a summary of the coverage only. It does not constitute a legal contract of insurance. The declarations page, wordings and applicable endorsements form the entire contract. This summary of coverage is furnished in accordance with, and in all respects is subject to the terms, conditions, limitations and exclusions of the group policy.
For purposes of Insurance Companies Act (Canada), the above information is from a document issued in the course of Lloyd’s Underwriters Insurance business in Canada