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CAPREIT’s Commitment to Safety | The Impact of Tenant Insurance in CAPREIT Communities

The Impact of Tenant Insurance in CAPREIT Communities

In December 2022, a fire swept through one of CAPREIT’s communities, affecting over 20 units and leaving many residents without a home or their cherished belongings during the holiday season. This devastating event was a wake-up call. Only a few residents had tenant insurance, which added immense stress as they struggled to find temporary housing and begin the difficult process of recovery.

 

In response, CAPREIT’s Western Alberta team took significant steps to educate residents on the importance of tenant and home insurance. Disasters can strike at any time, and being prepared can protect what matters most. Since then, a substantial improvement has been observed, with many more residents understanding the benefits of having insurance. This positive change is encouraging, but the work is not done. Ensuring that all CAPREIT residents are adequately protected remains a priority.

 

Fast forward to early 2024, when a significant weather event hit the western region. This time, two locations were severely affected, but there was a notable increase in residents with insurance coverage. This made a real difference, helping residents work with their insurers to recover more quickly and get back on their feet.

 

We’ve come a long way since the fire of December 2022. The resilience of our communities and the proactive steps taken together have made a significant impact. The cooperation and commitment of our residents have made our communities stronger.

 

Please watch our final video of Tenant Insurance Month to learn more.

For more information on tenant and home insurance, please reach out to your CAPREIT management team.

Stay protected and stay informed.

Happy Tenant and Home Insurance Month! 

 

Make sure to follow us on our social media channels and check our website regularly for the latest updates and videos. We are committed to providing you with information to help you make informed decisions about your home or tenant insurance coverage.

 Additional information and resources:

 

Introducing Tenant Insurance Month at CAPREIT (2023)

https://www.capreit.ca/introducing-tenant-insurance-month-at-capreit-2023/

 

Tenant Insurance Is More Than Just a Piece of Paper—It’s a Lifeline During Times of Crisis.

https://www.capreit.ca/tenant-insurance-is-a-lifeline-during-times-of-crisis/

 

Tenant Insurance: A Small Price to Pay for Big Protection

https://www.capreit.ca/tenant-insurance-a-small-price-to-pay-for-big-protection/

 

Tenant Insurance: what your insurance company might not be telling you.

https://www.capreit.ca/tenant-insurance-you-have-more-coverage-than-you-think-blog/

 

Tenant Insurance FAQ’s

https://www.capreit.ca/rent-or-lease/frequently-asked-questions/#tenant-insurance

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