How to Get the Best Tenant Insurance in Vancouver
In a city like Vancouver, where the cost of living is high and unexpected events can occur, having tenant insurance can provide peace of mind. 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. In this article, we’ll discuss the importance of tenant insurance, factors to consider when choosing a policy, and tips for getting the best rates.
Need Tenant Insurance?
Why You Need Tenant Insurance
Protection for Personal Belongings
Tenant insurance covers your personal property in the event of theft, fire, water damage, and other unforeseen circumstances. Without insurance, replacing your belongings can be a costly endeavor, especially if you own expensive items like electronics, furniture, or jewelry.
Liability Coverage
If someone gets injured in your rented home or apartment, or if you accidentally damage someone else’s property, liability coverage can protect you from potential lawsuits and cover the costs of medical expenses or repairs.
Additional Living Expenses
If your rental unit becomes uninhabitable due to a covered event, tenant insurance can help cover additional living expenses, such as temporary housing, while your home is being repaired or replaced.
APOLLO offers tenant insurance starting at just $11/month.
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Factors to Consider When Choosing Tenant Insurance
Coverage Options
Tenant insurance policies typically include three main types of coverage:
Personal property coverage: This covers your belongings up to a specified limit. Make sure to choose a limit that accurately reflects the value of your possessions.
Liability coverage: This protects you from legal and medical expenses if you’re found responsible for injury or property damage.
Additional living expenses coverage: This helps cover the costs of temporary housing if your rental unit becomes uninhabitable.
Deductibles
The deductible is the amount you’ll pay out of pocket before your insurance kicks in. Higher deductibles usually result in lower premiums, but be sure you can afford the deductible in case of a claim.
Policy Limits
Make sure your policy limits are sufficient to cover your belongings and potential liability costs. Underinsuring can leave you with significant out-of-pocket expenses.
Discounts and Bundling Options
Many insurance providers offer discounts for bundling multiple policies, such as tenant and auto insurance. Be sure to ask about available discounts when shopping for a policy.
Need Tenant Insurance?
Tips for Getting the Best Tenant Insurance Rates
Shop around and compare quotes: Don’t settle for the first quote you receive. Compare policies and rates from multiple providers to find the best deal.
Bundle your policies: Many insurance providers offer discounts for bundling multiple policies, such as tenant and auto insurance.
Choose a higher deductible: Opting for a higher deductible can result in lower premiums, but make sure you can afford the out-of-pocket expense in case of a claim.
Install safety and security devices: Installing devices such as smoke detectors, burglar alarms, and deadbolt locks can help lower your premiums.
Maintain a good credit score: Insurers may consider your credit score when determining your premiums. A good credit score can lead to lower rates.
Ask about discounts: Always ask about available discounts, such as those for being a non-smoker or having a good claims history.
APOLLO offers tenant insurance designed to protect Vancouver residents, as well as residents across the country. Get a free quote in less than a minute on our online platform and we’ll send your policy documents directly to your inbox.
APOLLO Has You Covered
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Originally published June 26, 2023, updated August 9, 2024
Back to APOLLO MagazineGet 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
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
Relevant articles
Getting insured is as easy as 1 - 2 - 3
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.
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.
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!