Tenant insurance starting from $13/month

Tenant insurance (also known as renters insurance) protects you financially if you're a renter. It's sometimes a requirement for landlords. But, even if it's not, it's a good idea to have. Tenant insurance can help to cover the cost of replacing your valuable items in the event of a fire, theft, or flood. It also provides legal support if you're held responsible for damages to a building, or if someone is hurt on your rental property.

It can also help pay for the extra costs of having to live somewhere else if your residence becomes uninhabitable due to an insured loss. This can include the cost of lodging, such as temporary rent at a separate location, hotels, or Airbnbs, and can also help with other costs like restaurant meals and storage fees.

Although landlords likely have insurance of their own, your landlord's policy typically only covers their building. That leaves your contents of your unit unprotected. Having tenant insurance means you and your belongings are financially protected too.

Tenant insurance offers comprehensive protection for renters, covering three main areas:

• Personal Property: Safeguards your belongings against theft, fire, vandalism, and other covered perils.

• Liability Protection: Covers legal costs and damages if someone is injured in your home or if you accidentally damage someone else's property.

• Additional Living Expenses: Provides financial assistance for temporary housing if your rental home becomes uninhabitable due to a covered event.

APOLLO provides tenant insurance with customizable coverage that fits your unique needs.

Yes, tenant insurance is another name for renters insurance. They’re interchangeable terms that refer to coverage for a renter’s personal belongings, personal liability, and additional living expenses, among other things.

While tenant insurance isn’t a legal necessity in Canada, many landlords do require it as part of a lease agreement. Even if it’s not mandatory, having tenant insurance is a smart decision. It protects your personal belongings and provides crucial liability coverage, helping you avoid significant out-of-pocket expenses in the event of an unforeseen incident.

Without tenant insurance, you’re at risk of significant financial loss. If your personal belongings are damaged or stolen, you’ll have to cover the replacement costs out of pocket. Additionally, if you're held liable for someone getting injured in your home or you accidentally damage someone else's property, you could face significant out-of-pocket costs. Protect yourself from these risks with tenant insurance provided by APOLLO, giving you peace of mind and financial security.

Tenant insurance is more affordable than many people expect. On average, plans range from $13 to $40 per month. The cost depends on several factors, including:

• Where you live (urban or rural location)

• The type and amount of personal belongings you want to insure

• The age and type of building you’re renting

• The coverage limits and options you select

• The deductible you choose (a higher deductible can lower your premium)

• Your claims history

Not always. While some insurers offer discounts for bundling tenant and auto insurance, bundling isn’t automatically the cheapest option — and in many cases, it can cost more overall.

Tenant insurance is already relatively inexpensive, so the savings from bundling are often minimal. The savings from a tenant insurance discount may not outweigh the overall cost of bundling, making separate policies the better value. That’s why many renters actually save more by shopping for tenant insurance separately and choosing the best-priced policy for each need.

The smartest approach is to compare bundled and unbundled quotes side by side and look at the total cost — not just the discount headline. For many renters, buying tenant insurance on its own delivers better value without locking into a bundle that doesn’t truly save.

Maintaining a claims-free history can help keep your premiums low, but accidents and unexpected events happen, which is exactly why insurance matters. For policies provided by APOLLO, customers can choose to add APOLLO+ to their policy. This optional add-on includes first-claim forgiveness, meaning your renewal price won’t increase after your first covered claim. It’s a smart way to keep costs predictable while still having coverage when you need it most. 

You can also avoid overpaying by using APOLLO’s Best Price Guarantee. If you have a quote or policy from another provider, APOLLO will beat it — guaranteed*. It’s one of the easiest ways to ensure you’re paying the lowest price for tenant insurance.

Many insurance providers require a longer, multi-step process, with phone calls, paperworks, and follow ups before your tenant insurance is finalized.

With tenant insurance provided by APOLLO, you can get your policy in less than 2 minutes, completely online. There’s no paperwork, no phone calls, and no waiting. You can purchase your policy, get instant proof of insurance, and move on with your day.

Most tenant insurance policies require individual renters to have their own insurance. However, at APOLLO, we allow multiple roommates to be included on the same policy. Whether or not this is the right choice depends on your circumstance. Make sure to understand if it's a good fit for you by reading our informative guide on sharing tenant insurance with roommates.

Yes, renter’s insurance covers fire. This is the case regardless of how the blaze was started, unless the fire was intentionally set by you.

Fire is one of the most common covered perils included in renter’s insurance. Also referred to as named perils, other examples are windstorms and hail, theft, and vandalism.

Liability insurance protects you if you are held responsible for causing property damage or bodily injuries to others while at home or away anywhere in the world. For example: If you hit a baseball out of a park onto the street, and it hits a child, or breaks a window. Or one of your guests slips and falls and has to take time off work due to injuries. Or, while on vacation, a bonfire gets out of control and damages someone’s property.

This coverage protects against increased living expenses you may incur because your rented unit can’t be lived in. This could be a result of damage to your home from an insured loss or an order to evacuate your home as a result of a sudden, accidental event. For example, it can help cover expenses like a hotel room, storage costs, meals, laundry, transportation, and more if you can’t live in your condo while repairs are being made after an insured loss.

Coverage limits vary based on the options you choose. With tenant insurance provided by APOLLO, you can select the level of coverage that best suits your lifestyle.

Your possessions may be covered while stored in a unit, whether it’s inside your building or off-site. Coverage depends on the level of contents protection included in your policy, with off-site storage typically needing higher limits. However, at APOLLO, we offer off-premises contents coverage with a limit of $1,000 as standard. This applies to belongings being kept in a storage locker.

Yes, if you move within a province, your tenant insurance policy can travel with you. If you’re relocating elsewhere in Canada, reach out to our team to explore your options. In some cases, you may be able to keep your existing policy.

A COI is a one-page document confirming a renter has active insurance coverage. It usually summarizes your policy details, such as coverage types, limits, effective dates, and insurer information. In essence, it serves as proof that you have tenant insurance if you're ever asked to show evidence of an active policy.