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Fire Safety and Tenant and Home Insurance: Understanding the Connection

Fire safety is paramount, and having the right tenant or home insurance can provide much-needed relief during unforeseen events.

Over recent years, there have been numerous fire incidents related to the widespread use of lithium-ion batteries in devices such as smartphones, laptops, e-scooters, and e-bikes.

In our second video of Tenant & Home Insurance Month, Glenn Dick, CAPREIT’s Life and Fire Safety Specialist, explores the critical connection between fire safety and insurance protection, shedding light on the risks posed by lithium-ion batteries that power many of our daily devices.

In one of our communities, an electric scooter battery exploded due to improper storage on a balcony, where exposure to moisture led to the incident. This caused a fire, necessitating the evacuation of multiple floors and resulting in significant smoke damage.

 

Key Takeaways:

 

  • This incident underscores the necessity of recognizing potential hazards in your home and understanding how tenant and home insurance can support you in times of crisis.
  • Proper storage and handling of lithium-ion batteries are crucial to prevent such accidents. Always store these devices in dry, cool places and follow manufacturer guidelines.
  • Fire safety is a shared responsibility. By being aware and proactive, you can significantly reduce the risk of fire in your home.

At CAPREIT, we prioritize prevention and fire safety to protect our residents. If you’re interested in learning more about fire safety regulations and home and tenant insurance, please contact your 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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