Guide
Clara's best Tenant Insurance.
What is Tenant Insurance?
Tenant insurance or renters insurance is an insurance that covers your items and yourself when you rent a house, apartment or condo. This insurance is intended to cover damage to any of your possessions in the house, if they are damaged or stolen or say the building falls down.
How Much is Tenant Insurance?
The price of tenant insurance in Canada depends a bit on where, in Ontario the average renters insurance is $21 a month in BC it's more like $26.
So an average annual insurance bill is around $240-$300. It pays to ask yourself if you're paying this for 3-4 years if the aggregate cost of insurance is worth it for you. Also make sure when picking tenant insurance you check if it covers those higher value items (be it a bike, a piece of art, a ring or necklace, or a suit or item of clothing.) The reason to check this is to weight the balance between cost of insurance and what it will cover if anything happens.
So an average annual insurance bill is around $240-$300. It pays to ask yourself if you're paying this for 3-4 years if the aggregate cost of insurance is worth it for you. Also make sure when picking tenant insurance you check if it covers those higher value items (be it a bike, a piece of art, a ring or necklace, or a suit or item of clothing.) The reason to check this is to weight the balance between cost of insurance and what it will cover if anything happens.
Is Tenant Insurance Mandatory
No tenant insurance is not mandatory! Some landlords may require it if the flat is furnished with their items, check the contract or ask your landlord to be sure if you need it.
Is tenant insurance mandatory in Ontario?
No tenant insurance isn't mandatory anywhere in Canada including Ontario.
Is tenant insurance mandatory in Ontario?
No tenant insurance isn't mandatory anywhere in Canada including Ontario.
Cooperators Tenant Insurance
Cooperators Tenant Insurance
The Co-operators offers custom tenant insurance made to fit your needs to help protect your personal property. Features civil liability coverage that will provide you with protection in case someone is accidentally hurt while visiting, while also offering coverage on increased protection for specialty items like jewelry as an optional policy add-on.
They have coverage across Canada
The Co-operators offers custom tenant insurance made to fit your needs to help protect your personal property. Features civil liability coverage that will provide you with protection in case someone is accidentally hurt while visiting, while also offering coverage on increased protection for specialty items like jewelry as an optional policy add-on.
They have coverage across Canada
RBC Tenant Insurance
RBC Tenant Insurance
RBC custom-made tenant package will help protect your personal property. Features civil liability coverage up to $2 million that will provide you with protection in case someone is accidentally hurt while visiting, while also offering coverage on potential identity theft and increased protection for specialty items like jewelry as optional policy add-ons. RBC Insurance's tenant package will also protect personal property found within your vehicles.
RBC custom-made tenant package will help protect your personal property. Features civil liability coverage up to $2 million that will provide you with protection in case someone is accidentally hurt while visiting, while also offering coverage on potential identity theft and increased protection for specialty items like jewelry as optional policy add-ons. RBC Insurance's tenant package will also protect personal property found within your vehicles.
AMA Tenant Insurance
What are AMA Tenant Insurance policies?
AMA offers two policies:
1. Comprehensive
The cover all risks and this policy covers up to 20% of $25,000 it has a $500 deductible. It covers cash up to $500, bikes up to $2000, $10k for art, $15k for identity theft, lock replacement, pet cover and many other things included.
2. Comprehensive with Exclusive Endorsement
2.The cover all risks and this policy covers up to 20% of $50,000 it has a $500 deductible. It covers cash up to $1000, bikes , $10k for art, $30k for identity theft, lock replacement, pet cover and many other things included.
AMA offers two policies:
1. Comprehensive
The cover all risks and this policy covers up to 20% of $25,000 it has a $500 deductible. It covers cash up to $500, bikes up to $2000, $10k for art, $15k for identity theft, lock replacement, pet cover and many other things included.
2. Comprehensive with Exclusive Endorsement
2.The cover all risks and this policy covers up to 20% of $50,000 it has a $500 deductible. It covers cash up to $1000, bikes , $10k for art, $30k for identity theft, lock replacement, pet cover and many other things included.
Tenant Insurance BC and Alberta
Tenant insurance BC
There are a number of tenant insurance offerings for BC: Sonnet, TD, Intact, CIBC, Belair and many others, see the entire list of tenant insurance offerings for BC.
For Vancouver tenant insurance we recommend Square One's $12 a month package.
Alberta tenant insurance / Tenant insurance Calgary
AMA is an Alberta only insurer, if you're a member it's well worth checking them out they have good coverage, also Sonnet, Chubb, TD, Belair, SquareOne and many others offer tenant insurance for Calgary and Alberta.
See the full list of tenant insurance policies.
There are a number of tenant insurance offerings for BC: Sonnet, TD, Intact, CIBC, Belair and many others, see the entire list of tenant insurance offerings for BC.
For Vancouver tenant insurance we recommend Square One's $12 a month package.
Alberta tenant insurance / Tenant insurance Calgary
AMA is an Alberta only insurer, if you're a member it's well worth checking them out they have good coverage, also Sonnet, Chubb, TD, Belair, SquareOne and many others offer tenant insurance for Calgary and Alberta.
See the full list of tenant insurance policies.
Personal Belongings Coverage
included in base coverage
Earthquake Coverage
offered as optional add-on
Sewer Backup Coverage
offered as optional add-on
Water Damage Coverage
included in base coverage
Provinces And Territories Available
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, and Yukon
Fire Theft Vandalism Coverage
included in base coverage
Min Civil Liability Offered
1,000,000 CAD
Offered Payment Rate Format
varies based on personalized quote
Civil Liability Coverage
included in base coverage
Max Civil Liability Offered
5,000,000 CAD
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Make use of The Personal's custom-made tenant insurance to help protect your personal property. Features civil liability coverage up to $5 million that will provide you protection in case someone is accidentally hurt while visiting, while also offering coverage on damage caused by either sewer backups or earthquakes as optional policy add-ons. The Personal also provides an opportunity to save on tenant insurance by bundling both your home and auto policies together.
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Personal Belongings Coverage
included in base coverage
Provinces And Territories Available
Alberta and Ontario
Min Civil Liability Offered
2,000,000 CAD
Offered Payment Rate Format
varies based on personalized quote
Civil Liability Coverage
included in base coverage
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Renters Insurance for Alberta & Ontario. This coverage entitles you to replace your lost, stolen, or damaged personal belongings not only inside your unit, but also in a vehicle that’s registered to your name.
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Personal Belongings Coverage
included in base coverage
Identity Theft Coverage
included in base coverage
Provinces And Territories Available
Ontario, Quebec, Alberta, British Columbia, Saskatchewan, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island
Offered Payment Rate Format
varies based on personalized quote
Civil Liability Coverage
included in base coverage
Specialty Items Coverage
included in base coverage
Max Civil Liability Offered
2,000,000 CAD
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Northbridge Insurance's custom-made tenant package will help protect your personal property. Features civil liability coverage that will provide you with protection in case someone is accidentally hurt while visiting, while also offering additional coverage for jewelry protection and extensions for those who have students away at school. Northbridge Insurance also provides a "Homework Insurance" package for those whose homes are also their place of business.
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TTenat Insurance by The PersonalTenat Insurance by Sharp InsuranceTenat Insurance - Onyx by Northbridge InsuranceTenat Insurance by The PersonalTenat Insurance by EconomicalTenat Insurance by Uni AssuranceTenat Insurance by RBC AssuranceTenat Insurance by Groupe ConcordeTenat Insurance by CAA QuebecTenat Insurance by Pembridge InsuranceTenat Insurance by SGI CanadaTenat Insurance by InsurelyTenat Insurance by ChubbTenat Insurance by Johnson InsuranceTenat Insurance by SonnetTenat Insurance by TravelersTenat Insurance - Platinum by Northbridge InsuranceTenat Insurance by WawanesaTenat Insurance by HUB InternationalTenat Insurance by TD AssuranceTenat Insurance by L'UniqueTenat Insurance by Optimum Tenat Insurance by Promuteul AssuranceTenat Insurance by OVC AssuranceTenat Insurance by AllstateTenat Insurance by CIBCTenat Insurance by belairdirectTenat Insurance by DuuoTenat Insurance by La CapitaleTenat Insurance - Standard by Northbridge InsuranceTenat Insurance by Co-OperatorsTenat Insurance by Gore Mutual InsuranceTenat Insurance by SSQTenat Insurance by IntactTenat Insurance by RSATenat Insurance by DesjardinsTenat Insurance by iATenat Insurance by AvivaTenat Insurance by Echelon InsuranceTenat Insurance by Nuera InsuranceTenat Insurance by SquareOne InsuranceTenat Insurance by Millennium Insurance Corporation
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