Header bg
  • section background

    How Tenant Insurance Protects Against Floods, Rain, and Wind

    Hero bg 2
    APOLLO_Blog-Image_2021-10-04

    Your landlord likely has homeowners’ insurance or another type of policy to cover the unit or building you’re renting. In severe weather, this insurance protects the physical building, appliances, and upgrades to the unit. So damage to pipes or the shower are the responsibility of your landlord’s insurer.

    But your landlord’s insurance won’t protect your personal items. If a storm damages not only the unit but also items like your television or couch, then it’s your responsibility to replace or repair them. Additionally, consider what you’d do if the unit was no longer livable, and you had to find new living accommodations. This is where tenant insurance, also known as renters’ insurance, comes in.

    This article covers how tenant insurance protects you in cases of floods, rain, wind, or other disasters. It includes coverage for your personal properties and accommodations in case your lease becomes temporarily unavailable.

    Get a quote 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 a free quote

    4.7 rating

    Google Logo

    Contents insurance protects your assets 

    Tenant insurance covers the replacement or repair of any articles you lose or damage due to a flood, rain, wind, and more. This includes events such as break-ins. If you end up losing your television, a tenant insurance policy can reimburse you to purchase a new one. Some policies may consider the depreciation of your lost items when they provide compensation.

    However, this coverage usually has a limit — for example, $10,000 — which the policy covers. Anything over this limit is your own responsibility. Of course, you can always choose a higher policy limit to ensure the protection of all your goods, but this increase ultimately comes with a higher premium.

    You should further be aware of category policy limits. Renters’ insurance often provides items such as jewelry, watches, or artwork with a lower limit. Thus, not all your stuff is treated equally.

    Items used for business are also excluded. If you run a graphic design practice and have a laptop and camera exclusively for business use, your tenant insurance won’t cover these tools. They require their own business insurance plan or an insurance rider.

    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.

    Renters’ insurance pays for additional accommodations

    Imagine. A storm floods your unit. The walls and floors are damaged, making your home unlivable. These damages require two months to repair. Where will you stay in the meantime? Short-term accommodations can often be expensive or hard to find. You may be stuck paying significantly more than your rent for a hotel or Airbnb stay.

    Renters’ insurance remedies this issue by covering the costs of temporary living accommodations in instances where your unit becomes unlivable. Renters’ insurance can also provide relocation costs in case your lease becomes unusable for the long term.

    Similar to the contents coverage of your policy, the additional accommodation coverage generally has a limit too. As a result, you likely can’t stay at a five-star hotel and expect your insurer to foot the bill.

    Your policy may further cover expenses such as

    • Restaurant meals

    • Storage unit costs

    • Pet boarding

    • Laundry costs

    Of course, these need to be reasonably priced. Your policy usually won’t cover a fancy steak dinner with foie gras and caviar. Policies also won’t cover everyday expenses, such as hygiene products or entertainment.

    Tenant insurance is a valuable tool to mitigate risks when you rent. If a flood, rain, or wind threatens your home, renters’ insurance ultimately makes a disaster a tolerable experience by compensating you for repair or replacement costs for any items you’ve lost. It can pay expenses related to additional living accommodations, as well.

    Get Your Free Tenant Insurance Quote

    Get a quote 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.

    Originally published October 4, 2021, updated September 5, 2023

    Back to APOLLO Magazine
    Share this article

    Get a quote 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 a quote 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

    4.7 rating

    2,235 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.