What is tenant insurance and why is it important?
TD Insurance Meloche Monnex Program
What is tenant insurance and why is it important?
Think insurance is only important if you own your home? Think again. It’s actually a good idea for renters too. Some landlords may even require it.
With tenant insurance, your belongings are insured, both in and out of your home. Our coverage even provides financial protection for accidental damages you may be liable for as a result of your actions.
What does tenant insurance cover?
Standard coverage
With TD Insurance you get extensive coverage even, with the base policy:
- All Risks
Your belongings are covered against damage from events such as fire, theft, water and natural disasters. In fact, you’re protected against all causes of loss except industry standard exclusions like illegal activity or wear and tear. - Contents
Most of your belongings are insured up to the amount you decide on, while some items (such as fine art and jewellery) are subject to limits and may require increased limits with either Enhanced Home Coverage or Personal Valuables Coverage. - Additional Living Expenses
If you can’t live at home while repairs are being made because of a claim, we’ll cover your temporary increased living expenses required to maintain your current standard of living. - Personal Liability
You’re protected in case a visitor gets injured inside your home or if you’ve accidentally damaged someone’s property and have to pay for the damages.
Optional coverage
Need more than the basics? TD Insurance has coverage add-ons to meet your needs:
- Enhanced Home Coverage
Provides increased coverage for a variety of specialized items such as fine art, wine and spirits, some collectibles, jewellery and more. Your protection also extends to family members living in nursing homes, and for situations such as cyberbullying. - Claim Forgiveness
With this option, your premium won't increase at renewal as a result of a claim that happens in the policy term.2 - Identity Theft Recovery
Protect your family in case of identity theft with reimbursement for costs related to restoring your identity.
Why choose TD Insurance?
Committed to savings
There are many ways you can save on your tenant insurance, including discounts for buying online, having home security, insuring multiple products, and more.
Here for you when it matters most
You’ll get outstanding customer service with 24/7 claims support through our TD Insurance Mobile App or by calling us at
Trusted by over 1 Million Canadians
More than 1 Million Canadians choose TD Insurance to insure their home and belongings.
How much is tenant insurance?
In Ontario, the average cost of tenant insurance is $399 a year. Your premium will vary depending on many factors such as Affinity affiliation, your location, and the value of your belongings.4
Steps to buy tenant insurance online
1. Start a quote
Start by answering a few questions to get an accurate quote based on your needs, as well as any applicable discounts. Your information is kept
2. Customize your coverage
Once you have a quote, you’ll have a chance to fine tune your coverage to best suit your needs. You can adjust things such as deductible amounts and
3. Complete your purchase
After you’re satisfied with your coverage, it’s just a matter of reviewing your choices, selecting a payment method and
