Property management companies are in the business of ensuring that property owners and the tenants that inhabit those properties are well managed. For property management companies Toronto, contracting Ashbridges Property Management is one way to ensure hassle-free handling of all the responsibilities related to your property. However, as a tenant you still have to take some personal responsibility for your belongings in the form of property insurance.

Whether you’re living in a luxury condo, a high-rise apartment or high occupancy rental property, you do need to take out your own insurance. For example, condo owners need to secure insurance to cover all the things in their unit. Common areas of a condo building or condo complex, such as an indoor or outdoor pool or social area, are typically covered through the monthly fees tenants pay to a condominium association – or whatever property management companies are managing the building. This is a type of commercial insure that is usually explained in any policy you see upon becoming a tenant. Loss assessment coverage is protection tenants can use on claims involving the building and the common areas tenants would normally access through the course of using the building.

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http://ashbridgespropertymanagement.ca/the-importance-of-having-your-own-property-insurance/

Contact Details :

Ashbridges Property Management

2255B Queen Street East #363, Toronto, Ontario

M4E 1G3

Phone No : 647.850.6180

Email : paul@ashbridges.ca