How To Get Cheap Renters Insurance in Canada
Renters insurance is as essential for individuals residing in rented spaces, as homeowners insurance is for homeowners. This blog post offers insightful information on how to obtain inexpensive renters insurance in Canada.
Need Tenant Insurance?
What is Renters Insurance?
Renters insurance, also known as tenant insurance, is a type of insurance policy specifically designed for individuals who are renting a living space. This policy has the potential to cover personal belongings, liability, and may additionally provide coverage for accommodation in case the rented property becomes unliveable due to certain reasons like fire damage.
Why Do You Need Renters Insurance?
Protection for Belongings: Coverage for damage or loss of personal items.
Liability Coverage: Covers legal fees and medical expenses in case someone gets injured at your rented property.
Additional Living Expenses: In case your rental home becomes uninhabitable.
APOLLO offers tenant insurance starting at just $11/month.
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
5 Tips to Get Cheap Renters Insurance in Canada
Shop Around: Different insurance providers may have variations in their premiums. Make sure you get quotes from several providers to ensure you’re getting the best deal.
Bundle Your Insurance: Many insurance providers will offer discounts on renters insurance if you bundle it with your auto insurance or other types of insurance.
Opt for a Higher Deductible: A higher deductible means you pay more out of pocket in the event of a claim but it can significantly lower your monthly premiums.
Take Advantage of Discounts: Many providers offer discounts for various reasons – being a student, having a security system installed, or being a non-smoker can all lower your premiums.
Maintain a Good Credit Score: A good credit score signals to insurers that you are less of a risk, which can lower your premiums.
APOLLO offers effortless tenant insurance that’s designed to protect Canadian renters. 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 28, 2023, updated August 25, 2023
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