Dockrey Apartments properties are insured for risk and damage to Dockrey Apartments' and third parties' property. Tenants are required to obtain insurance for their own property and liablilty for real or consequential damage.
Do I need Insurance ?
What is Tenant's Insurance ?
Tenant Insurance is tailored to the needs of renters, to safeguard their own property, and to protect them from liability incurred. For example, an overflowing tub could easily damage irreplacable personal property of other tenants, or start an electrical fire, and create immense liability.
At Victoria St. 2009, water from a tub overflowing shorted the heat detector in the laundry below, causing a string of false fire alarms, and almost a real fire in the electrical system.
Tenants stood outside in pyjamas on Sunday night while the building was cleared for re-entry, fortunately without fire.
A second alarm at Victoria St, 2017, a real fire, with one apartment burned.
The building at 224 Victoria Street costs hundreds of thousands of dollars, there is lost property of other tenants to consider, accommodation provided to other tenants put out of their homes during reconstruction, your own losses, and your new accommodation.
Tenant insurance is very cheap in comparison.
Is insurance compulsory?
The RTA contains this paragraph R.S.c.401.s.1.8(1)
In addition to the statutory conditions, a landlord and tenant may provide in a standard form of lease for other benefits and obligations which do not conflict with this Act.All Dockrey Apartments leases include the requirement for tenant insurance under this paragraph.
A University graduate facing bankruptcy hopes his story leads to tenant insurance becoming mandatory in Nova Scotia.
Three years ago (15 years ago now), Chris Dabrowski, 25 (now 37), was in his last year at Dalhousie University when a fire blazed through the apartment he shared with three others.
The four former roommates are now being sued by their former landlord's insurance company.
One of Dabrowski's roommates accepted the blame because he had left a candle lit in his room and fell asleep. He didn't have tenant insurance, and now has declared bankruptcy.
Dabrowski is trying to avoid doing the same thing and is defending himself. He didn't have insurance either, yet if his parents had been paying his rent, he might have been covered under their policy.
"I was trying to do everything myself, and go through university myself without relying on anyone. Now, because of that, I'm being screwed more," Dabrowski said.
Don Forgeron, with the Insurance Bureau of Canada, said most tenants in Nova Scotia don't have insurance because they don't believe they need it.
"People think, 'I only have a few things, I'm only here for school,' not realizing that the primary purpose you have it is for liability protection," he said.
Dabrowski would like to see tenant insurance be made mandatory. He estimates that a $130-a-year policy could have protected him from a lawsuit worth more than $20,000, his share of the costs to repair the building.
"The landlord's insurance company, maybe they should make it mandatory, because if they're going to go after the tenants anyhow when something happens, it would save everyone a lot of trouble," he said.
Dabrowski is selling T-shirts to cover some of his legal costs and let other renters know about his case.
End CBC article
The above document, reproduced courtesy of CBC, is the report of the aftermath of a tenancy accident.
After a fire in a rental property, the young tenants, have had their lives greatly affected, many people do not ever recover from bankruptcy.
The insurance company that insured the property is seeking restitution of its damages, resulting in one bankruptcy already and possibly more.
The landlord in the matter has nothing to do with the actions against the tenants and any difficulties such actions may cause, his (or her) insurance claim is complete. The insurer is trying to recover what it paid out from the person they deem responsible.
And its a fair fight (?) giant insurance company versus one person, Tenant Insurance = backup, Insurance campany Vs. Insurance company.
All Dockrey Apartments leases require tenant insurance
Dockrey Apartments strongly reiterates the advice given in its 'Property rules' and the 'Frequently Asked Questions' web page for all other tenants to obtain tenants' insurance.
Dockrey Apartments does not receive any commission or fee from any insurance agent or company
Tenant insurance does not reduce or remove any requirement for Dockrey Apartments' or other landlord's insurance.
Dockrey Apartments gains no benefit if the tenant obtains insurance, only the tenant gains benefit.
Please obtain tenants insurance