New Brunswick landlords, Moncton fire chief encourage apartment tenants to purchase insurance: CBC report

The president of the New Brunswick Apartment Owners Association (NBAOA) and Moncton’s fire chief are calling for people who live in multi-unit buildings to get tenants’ insurance after a fire destroyed a 16-unit building in Moncton on Oct. 23, according to an online report by the CBC News.The report quotes comments by NBAOA president Scott Stacey and Moncton Fire Chief Eric Arsenault encouraging tenants to make sure their apartment belongings are covered by tenant insurance.”Where [tenants] don’t have insurance, the first thing they turn to is their landlord to try to replace their items and their losses,” the CBC quotes Stacey as saying. “And you know, the landlord obviously can’t do that. “The first thing [landlords] ask is, ‘Well, do you have insurance?’ And when [tenants] say ‘no’, it puts [landlords] in a tough spot.” Arsenault noted apartment building owners are compensated by insurance for the loss of the building. But many tenants incorrectly assume these policies cover the contents of their dwellings as well.