Branstone Financial Strategies

Branstone Financial Strategies is hiring an Administrative Assistant. Find more information on Indeed.com

Planning for the future of your farm is crucial. Our expert farm succession planning services ensure a smooth transition to the next generation, safeguarding your legacy and financial stability.

📍 4A-457 9th St., Brandon
📞 204-578-5500
💻 www.branstone.ca

Tomorrow is the last day to donate your Coats for Kids!

The United Way of Brandon is accepting gently used winter coats and ski pants until tomorrow, May 31. Donations will be accepted at the following locations:

➡️ Brandon Cleaners
➡️ Guild Insurance (Victoria Ave.)
➡️ Brandon Fire and Emergency Stations (120 19th Street N. & 1301 13th Street)
➡️ Shoppers Mall
➡️ United Way Office

Clear out your closet and lend a hand to those in need. Together, we can spread the warmth!

𝐅𝐫𝐨𝐦 𝐭𝐡𝐞 𝐛𝐥𝐨𝐠: 𝐖𝐡𝐲 𝐝𝐨 𝐈 𝐧𝐞𝐞𝐝 𝐓𝐞𝐧𝐚𝐧𝐭’𝐬 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞?
So your landlord has checked your references, received your damage deposit, and given a move-in date - you can finally breathe a sigh of relief as you move into your new place! After weeks of setting up new accounts, finding furniture, packing and unpacking, there is one last question that remains… do you want to purchase tenant’s insurance?

Surprisingly, over half of Canadians renting property do not have insurance. That is in stark contrast to 97% of homeowners who insure their home, according to a Statistics Canada report. So why do tenant’s not cover their bases?

Some may think that their landlord’s insurance will cover their property as well. Others simply do not see the point in the extra cost, “believing the likelihood that something bad will happen is slim”. Many are first time renters who are not even aware of how invaluable insurance is. These explanations do not suffice - tenant’s insurance is an affordable and crucial coverage that may maintain your livelihood amidst a disaster.

𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐁𝐞𝐥𝐨𝐧𝐠𝐢𝐧𝐠𝐬
Landlords may have home insurance on a property in case of a disaster, however this does not extend to their tenant’s belongings.

Possessing insurance will also cover any belongings that were lost due to theft. There are countless stories of individuals that regret refusing to make a $20-$30 monthly payment after losing in excess of several thousand dollars of possessions due to a break-in.

𝐋𝐢𝐯𝐢𝐧𝐠 𝐄𝐱𝐩𝐞𝐧𝐬𝐞𝐬
So the worst case scenario happens and your apartment is destroyed. Where are you going to stay and how much is this going to cost? Tenant insurance is again useful as it “helps cover expenses like moving costs, a hotel room and more if you can’t live in your rental”.

𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲
Personal liability can be the most costly obstacle a renter may have to face without tenant’s insurance. If a visitor suffers severe bodily damage in your home without coverage, there is a high possibility that you will endure the hefty costs of legal fees in court. Insurance will often cover up to $100,000 of liability claims and lawsuits.