Where to Get Affordable Tenant Insurance in Canada

APOLLO Insurance is revolutionizing the tenant insurance market in Canada by offering affordable and comprehensive coverage starting at just $11/month. Recognizing the need for cost-effective insurance solutions for renters, APOLLO has designed their policies to provide essential protection for personal property, liability, and additional living expenses without compromising on quality. With our user-friendly online platform, you can get a quote in less than a minute and we’ll send your policy documents right to your inbox.

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What is Tenant Insurance?

Tenant insurance is a type of property insurance specifically designed for individuals who rent their living space. It typically covers three main areas:

• Personal Property: Protection for your belongings, such as furniture, electronics, and clothing, in case of theft, fire, or water damage.

• Liability: Coverage for accidental damage to the rental property or injury to others while on the premises.

• Additional Living Expenses: Financial assistance for temporary housing and other costs if your rental unit becomes uninhabitable due to a covered loss.

It’s important to note that tenant insurance does not cover the building itself or any structural damage; that is the responsibility of the landlord’s insurance.

Why You Need Tenant Insurance

Tenant insurance offers several benefits, including:

• Protection of personal belongings: In the event of theft, fire, or water damage, tenant insurance can help cover the cost of replacing your belongings.

• Liability coverage: If someone is injured on your rental property or you accidentally cause damage to the property, tenant insurance can help cover the costs associated with these incidents.

• Peace of mind: Both tenants and landlords can rest easy knowing that tenant insurance is in place to cover potential losses and liabilities.

APOLLO offers tenant insurance starting at just $11/month.

Get the protection you need in minutes with custom Tenant Insurance from APOLLO.

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Factors Affecting Tenant Insurance Premiums

Several factors can influence the cost of tenant insurance premiums, such as:

• Location of the rental property: Properties in high-crime or disaster-prone areas may have higher premiums.

• Value of personal belongings: The more valuable your belongings, the higher your premium may be.

• Deductible amount: Choosing a higher deductible can lower your premium, but it means you’ll pay more out-of-pocket in the event of a claim.

• Discounts: Many insurance providers offer discounts for bundling policies, maintaining a claims-free history, or having safety features in your rental unit.

Tips for Finding Affordable Tenant Insurance

To find the best tenant insurance policy at an affordable price, consider the following tips:

• Shop around and compare quotes: Obtain quotes from multiple providers to find the best coverage at the lowest price.

• Bundle insurance policies: If you have other insurance policies, such as auto or life insurance, bundling them with your tenant insurance can result in significant savings.

• Increase your deductible: Opting for a higher deductible can lower your premium, but be prepared to pay more out-of-pocket in the event of a claim.

• Ask about available discounts: Inquire about discounts for safety features, bundling, or maintaining a claims-free history.

APOLLO offers effortless tenant insurance for Canadian renters that starts at just $11/month. Get a 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.

Get a Free Quote