Edmonton Tenant (Renters) Insurance

Are you looking for tenant insurance in Edmonton? You've come to the right place! We've created a guide to provide you with important information, and you can contact one of our Brokers anytime for additional details.

Rest Easy Knowing Your Insurance Broker Helped You Find the Right Policy with the Best Coverage
Protect Your Biggest Investment from Unexpected Large Losses or Claims
Coverage Against Unanticipated Liability Claims and Defence Costs

Call (866) 484-8880 now to speak directly with an Insurance Specialist about Edmonton Tenant (Renters) Insurance or complete a no-pressure no-obligation quote request form.

What Is Tenant (Renters) Insurance?

Those who rent must protect themselves and their belongings; tenant insurance is the best way to do this. While tenant insurance is not required by law, it is highly recommended that you have a good policy in place to prevent loss and significant expenses in the event of theft or damage. While tenant insurance is not mandatory, we highly recommend it for your protection and peace of mind. There is also an increasing number of landlords that will not rent to you without having tenant insurance.

How Edmonton Tenant Insurance Works

Tenant insurance in Edmonton is similar to home insurance. Still, the main difference is that tenant insurance does not protect the physical structure of the building, as this is the responsibility of your landlord and their insurance.

What Does Tenant Insurance Cover In Edmonton?

In Edmonton, tenant insurance covers the following:

Personal Belongings

Any stolen or damaged belongings will be covered up to a limit specified in your policy. Personal belongings include clothing, furniture, electronics, and décor, for example.

Liability Coverage

If you are faced with a lawsuit and legal fees by a third party injured on your property, this will help cover the costs.

Additional Living Expenses

If you are forced out of your rental while repairs are being made or until the home is back in liveable condition, your policy will cover temporary accommodations that may be necessary.

What Is Not Covered By Renter’s Insurance In Edmonton?

Renter’s insurance in Edmonton does have plan limits, and our Brokers will discuss these details to ensure you are well informed as each policy is different. For example, highly valuable items like rare art will not be covered, although you can add to your coverage if you want protection for specific items. We will present different options and ensure your policy suits your particular needs.

Specific perils are also not covered by renter’s insurance, and damage from earthquakes or overland flooding, for example, is not included.

Top Factors That Affect Edmonton Tenant Insurance Premiums

Factors like policy limits, deductible amount, policy type, property location, property type, safety and security features, and your insurance history will affect the amount you pay for your insurance premium.