Why Rent Insurance Matters

No more excuses.....Getting the best Tenant Insurance for you has never been easier. Get approved and covered in minutes

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"It Never Crossed my mind! Our renter insurance coverage also covers accidents people don't think of, like dropping your laptop down the stairs on moving day ;( "

Annie Park
Renting Guru

Experience design at scale

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So you've just moved in. now WHAT?

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VERIFIED.ME MAKES IT EASY

Your Identity in your control.  Verified.me is the simple, fast, and secure way to validate your identity and the information your insurance company will need to issue your tenant insurance right away.

WHAT DOES RENT INSURANCE COVER

Real time stats

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Multilingual & translatable

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Less plugins needed

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Amazingly responsive

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Community builder

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Easy to use interface

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It has never been easier to get to protect the things you love

What is a Renter’s Tenant Insurance?

According to Statistics Canada, less than half of renters in Canada have renter’s insurance1 (also known as tenant or contents insurance).

We often think of home insurance as protecting the big stuff—like pipes, appliances, and the physical structure of the home or building. If you are renting, your landlord may have his or her own insurance policy to cover these kinds of items. But their insurance will not cover your personal belongings, such as furniture, jewellery, or entertainment equipment. Your landlord’s insurance will also not protect you if someone is injured on your property.

That’s where renter’s insurance comes in. Renter’s insurance could protect you from liability if guests injure themselves in your home. Renter’s insurance could also help replace your possessions in the event of a loss or damage due to a covered risk. Speak to an Advisor to see how we can tailor your insurance to fit your needs.

Let’s start by understanding the importance of liability insurance.

Accidents happen and sometimes those accidents can be quite costly.

For example, a candle in your apartment could cause a fire. If that candle affects other units, you may be deemed responsible to pay for damages to your rental unit.

Or, if someone trips and falls in your apartment, you could be held financially responsible for the cost of medical expenses and lost wages.

Liability insurance could protect you in the event of a lawsuit, and help you cover the cost of any damages.

Next you need to understand a few basic terms:

  •   All-Risk insures your building and contents for losses due to the widest range of perils (or risks), unless specifically excluded from your policy like intentional damage
  •   Personal Liability insurance protects you for unintentionally injuring someone or damaging their property and have to pay damages (example: someone has a slip and fall on your walkway, breaks his/her leg and now cannot work for a period of time)
  •   Contents Insurance covers your belongings (including when you travel) for losses resulting from the most common types of perils (or risks) up to a specified amount
  •   Replacement Cost Coverage means that the contents of your home are insured for the amount it costs to replace them without depreciation
  •   Additional Living Expenses Coverage will help you pay for reasonable and necessary expenses (like hotel and food costs) in the situation you are forced to leave your home following an insured peril (or risk) for a period of time

Find the home insurance coverage that best fits your needs