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Property Insurance Forum

Hello,
Will tenant insurance cover hotel costs if a tenant needs to move out because of a fire or flood?

Under every tenant insurance policy there is a coverage called "Additional Living Expenses." This will cover the tenant's hotel costs, or other additional costs incurred as a result of a loss which is covered under your policy. However, to address your question, while fire is definitely covered, flooding is not covered under most insurance policies so a tenant might not receive funds in that situation. As all companies are different, the amount of coverage and what is covered will vary from company to company.

Sean Graham, Principal Broker at KTX Insurance Brokers.

Neither Kanetix® nor the KanetixForum.ca is an insurance broker or agent. Although this information has been passed along to you from KTX Insurance Brokers through the Forum, we are not responsible for the opinions expressed by them. Insurance can be complicated. When reading these answers, keep in mind each person's situation is unique. Individual responses may vary depending on your insurer, geographic location, and specific circumstances. If you have a similar situation, always speak with your insurance provider, or a licensed insurance representative, for terms and conditions that may apply to you.

You may want to have a look at these articles posted on the Insurance Bureau of Canada's website. They may have further information that may be useful to you.

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