Protect Yourself & Your Valuable Possessions

Affordable tenant insurance for as low as $19/month

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Why you need affordable tenant insurance.

As a tenant, you are legally responsible for any damage you cause to any part of your building and for unintentional harm caused to others who live in or visit the property. For example:

Complex Damage
If your known faulty toaster oven starts a fire that damages not only your apartment, but the entire complex, you may have to pay for the damage to your unit and the rest of the complex.

Injury & Accidents
If someone slips and falls in your rental condo, you may be held financially responsible for the cost of the injured person's damages.

Replacement Costs
If your clothing, furniture or electronics are destroyed by fire or water damage, replacement costs add up.

*Insurance is arranged for by Hub International Ontario Limited

Rent easier and rest assured by knowing what's covered.

Generally, a standard or basic insurance tenants' policy covers up to $1 million for the amount you'd have to pay someone who successfully sues you. Liability coverage also pays for the cost of defending you in a lawsuit. You can often increase your liability limit to $2 million.

Additional Living Expense
Additional living expense coverage pays, in certain circumstances, for any necessary expenses incurred while your apartment is being repaired. These include hotel bills, restaurant meals and moving costs. This coverage pays for unexpected expenses when you cannot live in your apartment due to a covered loss. It is subject to certain limits.

Contents Insurance
Contents insurance covers the cost to repair or replace, clothes and most household items. Even if you think your belongings have little value, the cost of replacing everything at once adds up. It's important to keep your home inventory up to date. Certain items are subject to limits that can reduce the amount payable. Understand the limitations and exclusions in your policy.

Managing your home inventory and possessions.

A current inventory of your belongings makes it easier to file a claim. Keeping your records off-site is wise in case a fire or flood damages your property. Consider updating your home inventory each spring and advise your insurer of any major purchases.

Print a copy of IBC's Personal Property Inventory Checklist or download an Excel sheet to track your possessions room by room. In taking stock of your contents, consider the following.

  • Keep the bills, receipts, warranties and instruction manuals for your more valuable possessions – these can serve as proof of ownership.

  • Store your records and receipts in a safe place, such as a safety deposit box or a secure online option.

  • Review your home inventory every year and when you make new purchases. The value of your possessions will increase the more you acquire.

  • Take photographs or video footage of all of your valuable possessions.

  • Store records of credit cards, taxes, government and other important household documents in an off-site location.

How much does tenant insurance cost?

The cost of your insurance policy depends on many things, including:

  • how much insurance you need

  • the location of your dwelling

  • how your unit or apartment was constructed

  • your insurance company

  • your claims history

Shop around or talk to an insurance professional who can compare prices for you. You can choose different levels of insurance coverage. If you want insurance for all risks versus named perils, your insurance could cost more.

About Hub*

Member companies of Hub sell and service all lines of insurance, categorized into three main areas: Commercial, Employee Benefits, and Personal Insurance. Born in 1998 with the merger of a11 privately held insurance brokerages in Canada, we've grown to a network of more than 400 integrated brokerages across the United States, Canada, Puerto Rico and Brazil. Today, Hub is one of the largest insurance brokerage groups in the world.

When you partner with Hub, you're at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support.

This gives you the peace of mind that what matters most to you will be protected - through unrelenting advocacy and tailored insurance solutions that put you in control.

*Insurance offered on this site is arranged for by Hub International Ontario Limited, a Hub member company.