Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Are personal property normally kept at a rented cottage covered under a Tenants policy?

1. Yes, they are fully covered

2. Only if they are reported

3. No, they are not covered

4. Only if specifically added to the policy

The correct answer is: No, they are not covered

A Tenant's policy typically provides coverage for personal property located within a rented dwelling, but it has specific limitations regarding items stored outside of that primary location. When it comes to personal property kept at a rented cottage or secondary residence, standard Tenant's policies usually do not extend coverage outside the primary residence. This is because these policies are designed to protect belongings within a specific rented living space and may not include assets or personal property housed in additional locations like rented cottages. Coverage for personal belongings at a secondary location would typically require a separate policy or endorsement to ensure that losses occurring at that location are adequately protected. Therefore, if personal property exists at a rented cottage, it generally isn't covered under a standard Tenant's policy, reinforcing the idea that such belongings are considered outside the scope of the policy's intended protections.