The landlord of your dwelling may have insurance, but this won’t provide coverage for your belongings, or personal liabilities. Tenant insurance offers you affordable protection for your valuables and covers those unforeseen damages that you would be responsible for. Your belongings can add up and it can be costly and stressful to have to start over.
Getting tenant insurance for your apartment now can help reduce the cost of your home insurance if you decide to purchase a home later. You can also save on your auto insurance by combining it with tenant insurance!
Don’t waste valuable time shopping around. Contact InsuranceHero.ca today and let us help you assess coverage options available in Ontario that meet your insurance needs. We’re here to look out for you every step of the way! Request a quote or call 1-855-777-4376 to speak with a HERO!
How much does renter’s insurance cost?
Don’t have renter’s insurance? It may not be high on your priority list, but content insurance is a small investment that protects you in case of damages, loss of valuables, theft, and liabilities. Whether you are renting a property temporarily or long-term, insurance coverage can replace valuables so you don’t have to pay thousands out of your wallet.
At Insurance Hero, we advise tenants to make an inventory with each item’s estimated value. You’ll want to maintain a record of what you own by keeping receipts, saving manuals, taking pictures, or manually recording your belongings. This is useful if you need to make an insurance claim.
The cost of an Ontario tenant insurance policy depends on a number of factors:
- The type of insurance plan. Coverage options range from protecting personal belongings, to damage or injury to others, rental upgrades, living expenses and more.
- How much coverage you need. A policy should reflect the value of your contents – clothes, jewellery, appliances, furniture, antiques, electronics and more. Don’t underestimate the value of your belongings.
- The deductible amount you agree to pay before the insurance agency pays. Generally, the higher the deductible, the lower it costs for coverage.
