How to Get the Cheapest Tenant Insurance in Ottawa
Renting a home in Ottawa, Canada’s picturesque capital city, comes with many responsibilities, and one of the most important is ensuring your personal belongings and liabilities are adequately secured within your budget. This article will provide you with helpful tips and action steps to find the cheapest tenant insurance in Ottawa without skimping on essential coverage.
Need Tenant Insurance?
The Role of Tenant Insurance
While not required by law, it is highly recommended that you obtain tenant insurance to protect your assets and liability.
Personal Property Coverage: Tenant insurance protects your personal belongings from loss or damage caused by theft, fire, or other unforeseen events. This coverage remains important since landlords’ policies typically exclude tenants’ possessions.
Liability Protection: Tenant insurance covers the costs of accidents that may occur on your property, such as injuries to visitors or damage to another tenant’s property.
How to Get Affordable Tenant Insurance in Ottawa
Evaluate Your Coverage Needs: Compile an inventory list of your belongings and their values to determine the right level of coverage for your personal property. This can help prevent over-insuring and save you money on premiums.
Compare Insurance Providers: Shop around to find the best tenant insurance rates that match your needs. Compare multiple providers and plans by leveraging online comparison tools.
Boost Your Deductible: Consider increasing your deductible, which is the amount you pay out of pocket before insurance kicks in. Higher deductibles typically result in more affordable premiums.
Bundle Your Policies: See if you can save by bundling tenant insurance with auto or other existing insurance policies through one provider.
Ask About Discounts: Inquire about potential discounts that may be available. Some common discounts include having a good credit score, installing security devices, or being claim-free.
APOLLO offers tenant insurance starting at just $11/month.
Get the protection you need in minutes with custom Tenant Insurance from APOLLO.
Additional Money-Saving Tips for Tenant Insurance in Ottawa
Pay Premiums Annually: Instead of opting for monthly payments, pay your tenant insurance premium annually to secure a discounted rate.
Maintain a Clean Claims Record: Avoid submitting multiple small claims that may lead to increased premiums. Handle minor issues on your own when possible.
Review Your Policy Regularly: Assess your insurance policy every few years to ensure you’re not overpaying for unnecessary coverage and to stay apprised of new discounts.
APOLLO provides affordable, comprehensive tenant insurance plans 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 July 4, 2023, updated August 25, 2023
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