The Wyatt Dowling way

Do Seniors Living in Residences Need Tenant Insurance?

March 31, 2025

Do you know whose insurance covers a fire or stolen property if you are a senior living in a retirement home?

As a senior living in a residence, should you have renters’ insurance? The answer is yes.

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Seniors living in these facilities should consider tenant insurance:

• Seniors residences
• Nursing homes
• Retirement homes
• Hospices
• Long-term care facilities
• Senior living homes
• Autonomous and semi-autonomous senior living homes
• Assisted-living facilities

Advantages of renters’ insurance for seniors:

Liability coverage: It provides liability coverage if the senior accidentally damages someone else's property or causes an injury. For example, if a senior accidentally causes a fire that affects neighboring units, liability coverage can help pay for the damages.

Protection of personal belongings: Tenant insurance covers the cost of replacing personal belongings (clothing, electronics, furniture) if they are damaged or stolen due to events like fire, theft, or water damage.

Peace of mind: Tenant insurance offers peace of mind to seniors, knowing that their belongings are protected. This is especially important for seniors on fixed incomes.

Additional living expenses: Some policies will cover additional living expenses if the senior has to temporarily relocate due to damage to their residence.

Tenant insurance versus landlord insurance:

Tenant insurance: Tenant insurance covers the tenant's personal belongings and third-party liability should a guest or family member get injured in a senior’s room or unit.

Landlord insurance: Landlord's insurance covers the building itself and common areas. It also provides liability coverage for the landlord.

Landlord insurance generally does NOT cover the tenant's personal belongings.

Key considerations for tenant insurance for seniors:

• The specific coverage needed may vary depending on the type of residence (independent living, assisted living, etc.).
• It's important to review the policy carefully to understand what is and isn't covered.
• It is always a good idea to speak with an insurance professional, to get the correct information pertaining to each individuals specific needs.

Final thoughts

Tenant insurance is recommended for seniors living in residences to protect their personal belongings and provide liability coverage in case of a third-party accident or injury in their suite.