Yes, it’s here folks – winter is with us. Although, lucky for us, it was a bit of a slow start, unless of course you love the snow!
In the apartment business, every year I witness many unfortunate losses, many of which could have been prevented! Here is what you need to remember:
If you or your guests forget to turn on the heat, close the windows, keep the balcony door closed and the lines burst causing a major flood, the damage will need to be covered through your own personal tenant insurance. (Including any damage done to the building & all suites effected).
If your neighbor forgets to turn on the heat, close the windows, keep the balcony door closed and the lines burst causing a major flood, the damage caused to your belongings will need to be covered through your personal tenant insurance. (Hopefully, your neighbor has insurance but there is no guarantee).
Each winter I see many of our residents go through floods causing loss of personal items, missed work, loss of a home and so on. Many of these residents do not carry insurance. Mainstreet Equity does not cover personal belongings in the event of fire, flood or any other disaster that may occur.
Ensure that you contact your Resident Manager today to discuss Tenant Insurance, conveniently offered to our valued residents for a low cost of $15 per month. If you already have tenant insurance, congratulations! You are one step ahead of any disaster that may happen.
Enjoy your winter! Keep warm!
Mainstreet Equity Corp. is a publicly traded (TSX: MEQ) residential real estate company in Canada. Mainstreet currently owns and operates properties in Surrey, BC; New Westminster, BC; Abbotsford, BC; Calgary, AB; Cochrane, AB; Lethbridge, AB; Edmonton, AB; Fort Saskatchewan, AB; and Saskatoon, SK.
Mainstreet provides affordable, renovated apartment suites to Canadians, and is committed to creating real value without diluting shareholder interests.