How to Get an Affordable Renters Insurance Quote in Canada
The importance of having renters insurance cannot be overstated. It provides protection for your personal belongings, shields you from liability issues, and even helps cover additional living expenses if your space becomes uninhabitable. However, exploring how to get an affordable renters insurance quote in Canada can significantly lighten the financial burden. APOLLO offers tenant insurance quotes starting at just $11/month, making it one of the most affordable options for comprehensive coverage for Canadian renters. Keep reading to learn about securing a low-cost renters insurance policy without sacrificing coverage.
Need Tenant Insurance?
Understand What You Need
It all starts with understanding the scope of your coverage needs. Inventory your possessions to determine their total value, as this will guide the personal property coverage. Contemplate your potential risks concerning liability or damages to others’ properties to ensure adequate liability coverage.
Shop Around for Quotes
Never settle for the first insurance quote you get. Different insurance providers have diverse policies, coverage levels, customer service standards, and rates. Obtain quotes from multiple insurance companies. Consider the reputation of these companies, check customer reviews, and evaluate their responsiveness.
Choose Your Deductibles Wisely
The deductible is the amount you pay out-of-pocket in an insurance claim before coverage kicks in. Higher deductibles usually lead to lower premiums and vice versa. Select a deductible that you’re comfortable with and one that doesn’t strain your financial capacity in the event of a claim.
APOLLO offers tenant insurance starting at just $11/month.
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Leverage Bundling Discounts
Many insurance providers offer discounts when you bundle different types of insurance, such as auto and renters insurance. If you require multiple insurance types, consider bundling them to achieve a lower rate.
Ask for Discounts
Many insurance companies provide discounts if you have safety features in your rented space, such as fire alarms, burglar alarms, sprinkler systems, or if you maintain a smoke-free home. It never hurts to ask your provider about the discounts they offer.
Regularly Review Your Policy
Your living circumstances will change over time, and in turn, so will your insurance needs. Regularly reviewing your policy to ensure it is up to date and still provides adequate coverage can help you control costs.
APOLLO offers effortless tenant insurance for renters across Canada. Get your free quote in less than a minute and we’ll send your policy documents right to your inbox.
APOLLO Has You Covered
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Originally published June 29, 2023, updated August 25, 2023
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