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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?
How much is tenant insurance?
In Ontario, the average cost of tenant insurance is $352 a year for someone belonging to a professional, alumni or employer group. Your premium will vary depending on factors such as Affinity affiliation, your location, and the value of your belongings.3
Steps to buy tenant insurance online
Tips and advice for tenants
The content on this page is for general information purposes only and does not constitute legal advice. Coverages described herein may be subject to additional eligibility criteria, limitations and exclusions. In the event you make a claim, potential indemnification is also subject to the receivability of the claim and the type of coverage you bought.
In the case of conflict between the content on this page and your policy wordings, your policy wordings shall take precedence. Please speak to an Advisor or consult your policy wordings for further details.
1 10% Home Insurance Savings (not available in Quebec)
10% savings off eligible coverage in the first policy term is derived from a combination of two separate discounts:
- a 5% Digital Discount for completing the home, condo or tenant insurance quote online. This Digital Discount will continue to be applicable upon policy renewal.
- 5% Buy Online Discount in the first policy term for completing the home, condo or tenant insurance purchase online. Both the Digital Discount and Buy Online Discount are applicable to premiums charged for the base insurance policy and the following endorsements: Above Ground Water, Extended Water Damage and Fuel Overflow or Escape.
5% Savings on Home Insurance (Quebec only)
Home Insurance: A Buy Online Discount of 5% in the first policy term will be applied to premiums charged for the base insurance policy and the following endorsements: Above Ground Water, Extended Water Damage and Fuel Oil Overflow or Escape.
Conditions apply. Subject to eligibility rules.
In order to be eligible for the Buy Online Discount for home or car insurance, you must meet eligibility requirements to buy home or car insurance online and complete your purchase of this insurance online. Note: You may not always be given the option to buy online. This may occur, for example, if information provided requires additional verification or if your purchase must be completed with an advisor based on your specific insurance needs. If you are unable to buy online, we encourage you to call and speak to one of our licensed advisors or let us call you!
Offers may be changed, withdrawn or extended at any time without notice.
2Your premiums may still increase at renewal time for reasons unrelated to your claim, such as changes made to the policy.
3 This is the average annual premium of a tenant insurance policy for our clients in your province who belong to a professional, alumni or employer association that have an agreement with us and who insured a rental with our Home Coverage – Tenant base policy with Personal Property (Contents) Coverage of up to $40,000 on May 27, 2022 (underwritten by Security National Insurance Company for alumni and professional associations and underwritten by Primmum Insurance Company for employer groups).
4 This is the average annual premium of a tenant insurance policy for our clients in your province who insured a rental with our Home Coverage – Tenant base policy with Personal Property (Contents) Coverage of up to $40,000 on May 27, 2022 (underwritten by Primmum Insurance Company or TD General Insurance Company in Ontario).
Your premiums are not guaranteed and will vary based on your profile.