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Tenant insurance is an insurance policy designed specifically for renters. It typically covers three main aspects:
Personal property: Protection for your personal belongings, such as clothes, furniture, and electronics.
Liability: Coverage for potential legal expenses if someone is injured in your rented home or apartment, or if you accidentally cause damage to the property.
Additional living expenses: Financial assistance if you need to temporarily relocate due to a covered event, such as a fire, water damage, or an unsafe dwelling.
Optional coverage types are also available, depending on the provider, which may include earthquake, flood, and more.
Start by exploring various insurance providers, considering their reputation, customer satisfaction, and financial stability. Compare the coverage offerings to ensure they meet your needs. Also, be sure to check customer reviews and ratings to get an idea of the provider’s service quality.
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Visit each provider’s website and enter the required information to get a quote. Reach out to their agents if you have any concerns or require assistance in tailoring the policy for your specific needs. Remember to compare premiums, coverage limits, and deductibles before settling on a provider.
Once you’ve selected a provider, choose a coverage level that works best for your needs. Consider adding optional coverage for extra protection, if available and needed.
Provide accurate personal, property, and liability information to the insurance provider. Be honest about any previous claims or incidents. Withholding or providing false information can cause complications later on, such as when trying to file a claim.
Select an effective date for your policy, and choose a payment method. Carefully review the policy details before making a purchase. Once your payment is processed, save or print the policy documents for your records.
Bundle policies: Combine your tenant insurance policy with other policies, such as auto insurance, from the same provider.
Opt for a higher deductible: A higher deductible may result in lower monthly premiums, but be prepared to pay more out-of-pocket during a claim.
Install safety devices: Safety devices like smoke detectors and security systems not only provide added protection but may also result in discounts on your premium.
Apply for discounts: Many providers offer discounts for multi-policy, claims-free, and online purchase, among others, which can help save you money.
APOLLO is Canada’s leading provider of tenant insurance, designed specifically for renters and customizable to your lifestyle. Get your free quote in less than a minute and we’ll send your policy documents right to your inbox.
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Originally published June 26, 2023, updated August 9, 2024
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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.
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