Compare Tenant Insurance Quotes Online

See Your Cheapest Tenant Insurance Quotes in Just 1 Minute!

Compare Rates from 25+ Canada's Tenant insurance companies

Tenant insurance in Ontario


There is a misconception that protecting household items and covering injury in the home is something that only homeowners need to worry about. However, people who are renting should understand that their personal belongings (furniture, clothing, electronics) are not covered under the coverage of the landlord (homeowner).
With this in mind, renters insurance becomes essential for customers who want to ensure their belongings are protected. Another name for renters insurance is tenants insurance or sometimes apartment insurance. It is a policy that covers the rental property you live in, while also providing temporary accommodation if necessary.

Renters insurance is also the policy you want to cover any upgrades made on a unit. Many customers spend years in rental properties and make improvements to them, such as fixed furniture and lighting. These items are not protected by the homeowner’s policy, but renters insurance does cover those upgrade items.

Additionally, tenants insurance also offers important personal liability coverage. This means you are covered if you accidentally cause damage to an adjacent property or visitors in your unit.

Find Cheap Tenant Insurance Online


Protecting your rented unit allows you to save money and feel secure in the event of any unforeseen problem. Shopping for coverage online with ShopInsuranceCanada.ca is a fast and efficient way of finding the best policy for you, at the very best price.

Our job is to find you the most affordable rates on renters insurance in Canada, allowing you to compare the best rates in your area. Shopping online is important as it is the only way you can guarantee you are choosing the most affordable option.

There are many benefits to shopping for tenant insurance quotes online:

Affordable

Why should you pay over the odds for condo insurance? By shopping for quotes online, you guarantee yourself the best possible price for the coverage you want.

Fast

The ShopInsuranceCanada.ca quote tool is very fast and easy to use. You can get the best quotes within minutes.

Free

Importantly, there is no cost to use our tool, and there is certainly no obligation to buy coverage from any of the quotes we present.

Easy

We pride ourselves on having an efficient quote tool. By using an easy-to-use system of drop down menus, you can race through the process and not need to worry about being confused.

Unbiased

Our team works for the customers and not insurance companies. We have no obligation to any company, allowing us to find you’re the best quote from a range of the top providers in Canada.

Secure

We ask for the details that are relevant to your policy and nothingmore. ShopInsuranceCanada.ca does not share user data with third parties.

Ontario Tenant insurance details


 

There are several different renters insurance options, and there are also some important limitations and policy exceptions. For example, a standard tenants insurance policy will not provide protections for high-value items, such as valuable family heirlooms, art, and precious stones. Customers wishing to cover these items must do so either on a separate policy or as additional listed items on a standard policy.

There are two main types of condo insurance:

All perils coverage: Protects belongings and items against a breadth of hazard, with exclusions clearly listed on the policy. While the most expensive coverage, it is arguably the most suitable because it comprehensively protects across a wide range of dangers.

Named perils coverage: protects against the most common types of hazards, which will be clearly listed in your policy.

Actual cash value or replacement cost?

An actual cash value (ACV) plan means insurance providers will pay out a claim for the value of items at the time they were damaged, taking into account depreciation. For example, if an older TV is lost or damaged, the pay-out will be to the value of the item at its loss. Of course, an old TV will not be worth what it was new. This means customers with an ACV plan will rarely cover the price of buying a replacement.

Replacement cost plans do cover full reimbursement and consider the full value of the item and not depreciation. For example, the older TV would be fully replaced for a product of similar make and quality. This type of coverage means customers can fully replace their lost or damaged items, provided the policy is of a high standard.

Tenant Insurance Premium By Province


 Manitoba

 Newfoundland and Labrador

 Nunavut

 Northwest Territories

 Saskatchewan

 New Brunswick

 Yukon

 Nova Scotia

 Prince Edward Island

Insurance News

Ontario’s Serious Fraud Office praised by industry

By: , published on

Ontario announced it will form the Serious Fraud Office (SFO) in an effort to clamp down on auto insurance fraud. Many industry organizations have praised the decision, although remain cautious about its potential results. Auto insurance fraud in Ontario is a major concern, costing the industry

ShopInsuranceCompany.ca

Category: News

New Brunswick seeks amendment to Insurance Act to protect innocent co-insured’s

By: , published on

Under current legislation in New Brunswick, home insurance policies do not count claims payouts for loss or damage caused by an intentional or criminal act by a coinsured on a policy. However, the province has tabled amendments to the Insurance Act last week in an effort to protect innocent

ShopInsuranceCompany.ca

Category: News

Autonomous vehicles will reduce collision speed and severity says expert

By: , published on

As the increase in autonomous and semi-autonomous vehicles grows through the coming decade, speed collisions could decrease, with claims severity falling and collision repairs costing less. The view was offered by Jason Bartanen, director of industry technical relations with I-CAR. “As we start

ShopInsuranceCompany.ca

Category: News

Read More

Welcome to Canada’s Authoritative Source for Insurance News, Information & Rates.

Copyright 2017 ShopInsuranceCanada ShopInsuranceCanada | 1003-60 Bathurst St. Toronto, ON M5V 2P4 Canada | 416-913-0151 | Privacy Policy | Terms & Conditions