Header bg
  • section background

    Are Tenant and Renters Insurance the Same Thing?

    Hero bg 2
    how much is tenant liability insurance

    In the realm of rental living, understanding the intricacies of insurance policies is crucial for safeguarding your space and possessions. One common area of confusion is the difference between tenant insurance and renters insurance. Surprisingly to many, these two terms actually refer to the same type of policy, designed to provide protection for individuals renting a living space. This post aims to unravel the complexities surrounding this topic, offering a clear explanation of what tenant and renters insurance encompass, and why understanding this single, essential policy is crucial for renters everywhere.

    Get Tenant Insurance in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies starting at $11/month, receive your documents instantly, and save when you buy online.

    Get a free quote

    4.6 rating

    Google Logo

    Understanding Tenant Insurance

    Tenant insurance, also known as renters insurance, is a policy designed for individuals renting a living space, whether it's an apartment, house, or condo. This insurance primarily covers personal property, liability, and additional living expenses.

    • Personal Property Coverage: This aspect of tenant insurance protects your belongings from risks like theft, fire, or water damage. It ensures that you can replace or repair your items without shouldering the full cost.

    • Liability Coverage: Liability coverage is crucial for protecting yourself against claims or lawsuits for bodily injury or property damage that you or your pets might accidentally cause to others. It can cover legal fees and damages up to the policy's limit.

    • Additional Living Expenses: If your rented space becomes uninhabitable due to a covered peril, this coverage helps with additional costs incurred, such as hotel bills or increased food expenses.

    Renters Insurance: A Deeper Look

    Renters insurance is another term for tenant insurance, but it's often used in a broader sense. This type of insurance can also include optional coverages or endorsements that customize the policy to fit specific needs, which is where APOLLO Insurance stands out. We offer the flexibility to add endorsements such as:

    • Identity Theft Protection

      This can help cover expenses related to recovering from identity theft, a growing concern in today's digital world.

    • Valuable Items Coverage

      For those with expensive jewelry, art, or electronics, this additional coverage provides peace of mind that these items are protected beyond the standard policy limits.

    Choosing the Right Provider

    Selecting the right insurance provider is as important as understanding the policy itself. APOLLO Insurance offers a user-friendly online platform that makes obtaining tenant or renters insurance straightforward and customizable. Our approach to customer service, combined with comprehensive coverage options, ensures that renters have the protection they need, tailored to their unique circumstances.

    APOLLO offers effortless tenant insurance that’s designed to protect Canadian renters. Get a free quote on our online platform in less than a minute and we’ll send your policy documents right to your inbox.

    Get comprehensive Tenant Insurance for what matters

    Get no-nonsense coverage that's the best value for your money. Purchase in less than a minute, receive your policy instantly, and save when you buy online.

    Originally published March 27, 2024, updated March 27, 2024

    Back to APOLLO Magazine
    Share this article

    Get Tenant Insurance in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Get Tenant Insurance in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Relevant articles

    section background
    section background

    Getting insured is as easy as 1 - 2 - 3

    Tell us (very little) about yourself
    1

    Tell us (very little) about yourself

    Just tell us your address, your name, email and phone number. And that's it. We'll give you a price in less than a minute.

    Pay online easily and securely
    2

    Pay online easily and securely

    You can choose to pay monthly or save money by paying for the entire year in one easy payment.

    Get your documents in your inbox - instantly
    3

    Get your documents in your inbox - instantly

    As soon as you complete your purchase, you'll find your proof of insurance and policy documents waiting for you in your inbox.

    Get covered today - it couldn’t be easier

    We’ve provided more than 1,000,000 quotes to Canadians just like you. Give it a try!

    Google Logo

    Reviews

    4.6 rating

    1,581 reviews

    view all

    Across Canada

    Contact Us
    Apollo logo

    © 2024 APOLLO Insurance Solutions Ltd.

    111 Water Street, Unit 210, Vancouver, British Columbia, V6B 1A7

    APOLLO Insurance Agency Ltd. (o/a APOLLO Brokerage in the province of Ontario only) is a licensed retail brokerage, offering our clients with a comprehensive set of insurance solutions to meet their individual needs. APOLLO Insurance Agency Ltd. maintains necessary corporate licensing in provinces across Canada. Availability of products and service depends on licensing and product availability. The information that appears on this page is provided for information purposes only. Advertised products and prices are not guaranteed and vary based on insurance provider and/or insurance company's discretion and product availability.

    Transparency and Disclosure: APOLLO Insurance Agency's role is to provide you with exceptional service and the best insurance products that suit your needs. As a licensed retail brokerage, our compensation is based on a commission basis already built into your insurance premium and varies based on the product purchased through our platform. For a description of how APOLLO Insurance Agency is compensated and how this is calculated, please refer to our Compensation Disclosure document. For consumers in Ontario, please review the RIBO Conduct Fact Sheet and the RIBO Conduct Guidance document.