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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 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:


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.


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


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.


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.


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.


We ask for the details that are relevant to your policy and nothingmore. 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


 Newfoundland and Labrador


 Northwest Territories


 New Brunswick


 Nova Scotia

 Prince Edward Island

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