December 16, 2013 by Canadian Underwriter
Most British Columbia home renters who responded to a recent poll say they do not have tenant coverage, Canadian Direct Insurance Inc. announced Monday.
The Vancouver-based carrier released results of an online survey of homeowners and renters in B.C. Of the renters, only 43% said they have tenant insurance.
More than two-thirds (69%) of respondents “correctly realize they’re not covered by their landlord’s insurance,” while 25% do not know.
The survey was conducted Oct. 3 and 4 of B.C. residents who are either homeowners or renters, and are Angus Reid Forum panel members. The results were “statistically weighted according to age and gender.”
Thirty-eight per cent of tenants who responded, and 33% of homeowners who responded “have not calculated the approximate value of personal property in their home,” Canadian Direct noted.
When both tenants and homeowners were asked about their top concerns, 30% identified fire, 19% identified theft, 17% identified water and 10% identified earthquake.
“Other concerns given by respondents include falling trees, rock slides, wind and pests.”
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