Tenant Insurance Made Easy
Towers Realty Group is making it easier than ever for our residents to get tenants’ insurance.
Partnering with BFL Canada, Towers is now offering residents the opportunity to purchase a tenants’ insurance policy through BFL Canada.
There are now more than three levels of coverage available which you can access by entering the access code to see the options.
There is no questionnaire to fill out; Tenants do not have to submit property details for a quote, we have literally done all the work for you!
There is a $4.00 per month program access fee charged on top of your chosen premium level.
Tenants’ insurance is important because it offers a number of protections for tenants that aren’t covered by the building or landlord’s insurance. The landlord’s insurance only covers the building itself and appliances supplied by the landlord, and does not cover a resident’s personal belongings.
Personal Property Coverage
Some people tend to think that if they don’t own anything that is worth a lot, things like antiques or art, then they have no need for insurance. But have you considered the cost of having to replace ALL of your belongings? All of your clothing, all of your electronics, your bed, your furniture, all of your plates, pots and pans, and utensils? That really adds up fast.
Say you don’t have insurance, and your neighbour experiences a fire in their suite. The smoke from the fire and the water used to extinguish the fire could damage your belongings. With no insurance, you would have no help covering the costs of replacing any damaged items.
Tenant’s insurance helps you pay for damage or loss to your personal property caused by fire, smoke, water damage, theft, or in many other situations.
With the tenants’ insurance offered by BFL Canada, you can be covered for up to $30,000 for the replacement of personal property, plus additional living expenses and liability coverage.
Additional Living Expenses
Imagine that same fire left your suite unlivable. Staying with a friend or family member for a couple days is probably not a big deal. But if the damage is more severe and you need to stay in a hotel or another apartment while your suite is being repaired, your tenant insurance will cover those costs.
Personal Liability Insurance
Now, say that you (or a guest in your apartment) are responsible for that fire. Whether through an unattended candle, an improperly maintained space heater, or a grease fire while cooking — without insurance, you would be responsible for paying for the damage caused to your suite, the building and the appliances, as well as damaged caused to any other suite if the fire spreads, as well as those residents’ property. These are major expenses.
And it doesn’t have to be something as major as a fire. Even the damaged caused by an unattended bath tub overfilling can be significant.
Personal liability insurance also protects you in the event that a guest is injured in your suite (for example, a delivery person tripping on a rug) and decides to sue you.
BFL Canada Tenants Program
Please access the Tenants Platform by using the following link:
https://tenants.bflcanada.ca/en/account/home/
Tenants Platform Access Code: TOWEREA-02
Accessing the Platform
Step 1.
Enter the Access Code and the date you require the Insurance for
Step 2.
Review the Options and select the Insurance coverage you would like to go with
Step 3.
Create your ACCOUNT by filling in your contact details and entering a password
Step 4.
Select ‘New Insurance Policy’
Step 5.
Complete the CONSENT AND ACKNOWLEDGMENT
Step 6.
This will take you to your APPLICATION, please complete, review and select ‘Next’
Step 7.
Please review the COVERAGE SUMMARY
Step 8.
Review the AGREEMENT TO PURCHASE INSURANCE
Step 9.
Review, click boxes then select ‘Next’
Step 10.
Here you can do the final review of your RATES AND COVERAGES.
Step 11.
Select ‘Proceed’ to the payment options
Step 12.
Please carefully enter your payment details and submit
Step 13.
Once you have done the above you will receive the Insurance documents directly to your email.
