Renter’s Insurance

What is renter’s insurance?

All tenants at VEDA are required to have renter’s insurance. This is for your own belongings (anything you own in your suite, including any bicycle stored in a bike room) and liability (if you were to cause any damage in your suite or on the property). We are requesting proof of insurance as per our lease with you. Our leases state that tenants insurance is required for the tenancy (check out section 8 in your lease below).

Good To Know:

  • 842 & 840 Academy Way were built in 2016
    • 842: 131 units
    • 840: 120 units
  • 800 & 802 Academy Way were built in 2018
    • 802: 188 units
    • 800: 128 units
  • Construction: Frame (Wood)
  • Type: Primary Residence
  • Occupancy: Apartment
  • Heating: Electric
  • Fire Hydrant within: 300M
  • Firehall within: 8kms
  • Type of siding: fibre cement
  • Roof type: SBS torch-on membrane
  • Wiring type: 12AWG copper in common areas; 14AWG copper in suites; AC90 in exposed areas; RWU-09 underground
  • Plumbing type: Copper, CPVC, PP-R and Pex

INSURANCE: Tenant shall, during the entire period of the tenancy at his sole cost and expense, obtain and keep in full force and effect, content and liability insurance in an amount which the Landlord, acting reasonably, considers adequate. The Tenant agrees to provide the Landlord, upon demand at any time, proof that all insurance is in full force and effect.

Apollo Tenant Insurance

We require all residents to maintain valid tenant insurance. Tenants without insurance are in breach of their Tenancy Agreement, and may bear the cost of any damage to units and the building. Our preferred partner, APOLLO Insurance (rated 4.7/5 ⭐ on Google!) provides a customized policy that meets our requirements and includes a 10% discount. With APOLLO’s Best Price Guarantee, you can feel confident you’re getting great value for the coverage you need. Click here to get an immediate quote or learn more about why tenant insurance is important. Policies must be purchased within a 60-day window ahead of move in.

Why do I need Insurance?

Domus Inc. advises all residents maintain valid tenant insurance throughout their tenancy. Here’s why:

  • Protect your belongings: Your home is filled with valuable items. Tenant insurance covers your personal property against theft, damage, and loss, ensuring you’re not out of pocket if the unexpected happens.
  • Accidents can occur without warning. If someone is injured in your rental or you accidentally cause damage, liability coverage in tenant insurance can save you from costly legal or repair bills.
  • Emergency expenses can add up quickly! If you’re forced out of your home due to a covered event, tenant insurance helps pay for hotel and food costs.

If you need to purchase tenant insurance, or are looking to switch and save money, Domus has partnered with APOLLO Insurance, our preferred insurance provider. As a Domus resident, you’ll receive:

  • Exclusive Pricing: Tailored insurance solutions at competitive rates for Domus Residents.
  • 10% Discount: An additional 10% off on your tenant insurance, only through our partnership with APOLLO.
  • Convenient Online Process: Quick and easy sign-up process takes you from quote to purchase in just a few minutes, ensuring you stay compliant with your insurance requirements. Your policy will be emailed to you instantly and your building manager will automatically receive a copy. Your policy will renew each year automatically, so you won’t need to worry about it
    again.

GET A QUOTE

Submit Your Proof of Insurance Coverage

Your proof of renter’s insurance must include your name, the insured address and unit number, and a liability amount of $2,000,000.