Why Insurely Is the Best Choice for Renters
Renters lose more than they think when trouble hits. They don’t realize that the landlord’s insurance policy stops at the door; it will not replace a damaged laptop, cover a stolen bike, or pay for a hotel after a burst pipe. That’s where good tenant insurance earns its keep. Insurely keeps it simple: fast quotes, clear coverage, and prices that make sense.
Protect personal belongings. Add liability. Get back on your feet faster when life goes sideways. Here’s how Insurely can do just that.
What Does Tenant Insurance Cover?
A solid tenant insurance policy is about more than safeguarding your belongings; it provides comprehensive coverage for a range of risks. With Insurely, renters benefit from extensive protection against common issues like fire, theft, water damage, and more. It also includes liability coverage in case of an accident in your rental unit, helping you avoid the financial burden of a lawsuit.
Here’s a breakdown of Insurely’s tenant insurance coverage:
Why Insurely’s Tenant Insurance Outshines Traditional Policies
| Coverage Type | Insurely Tenant Insurance | Traditional Tenant Insurance |
|---|---|---|
| Personal Property Coverage | Covers personal belongings, including electronics, clothing, furniture, and high-value items like fine art and jewelry. | Typically only covers basic items like furniture; valuable items may need additional coverage. |
| Liability Protection | Protects against legal costs and medical expenses if you’re liable for injuries or property damage to others. | May have limited liability coverage with higher deductibles for legal claims. |
| Additional Living Expenses | Pays for temporary housing and living expenses if the rental is uninhabitable due to fire or water damage. | Coverage limits for ALE may apply, and payouts could be restricted. |
| Theft Protection | Covers stolen personal property, even if it’s temporarily away from your rental (e.g., stolen laptop from your car). | Theft outside the rental unit may not be covered. |
| Sewer Backup & Water Damage | Includes protection for sewer backup, flooding, and water-related damage. | Requires add-ons for flood coverage, and some policies may exclude water damage. |
| Identity Theft Protection | Covers identity theft recovery including legal fees and restoration efforts. | Identity theft coverage often requires a separate add-on policy. |
| Replacement Costs | Pays full replacement cost, not just the depreciated value. | Pays depreciated value (ACV), meaning renters may get less for their items. |
How Much Does Tenant Insurance Cost?
Tenant insurance is an affordable way to protect your personal belongings, and Insurely makes it even easier with competitive pricing. On average, tenant insurance in Canada costs between $197 and $240 annually, depending on the coverage level, location, and value of your belongings.
The cost of your premium will depend on multiple factors, such as your personal property, where your rental is located (e.g., flood-prone or theft-prone areas), and your claims history. With Insurely, you could save as much as $75 annually by comparing quotes or bundling multiple policies, like home and auto insurance.
Why Insurely Is a Top Choice for Tenant Insurance
Ease of Use
Getting tenant insurance with Insurely is fast and simple. Renters can obtain a tenant insurance quote in just minutes, without the hassle of paperwork or long waiting times.
Affordable Rates
Insurely offers some of the most competitive premiums in the market, with renters saving an average of $75 per year compared to other providers.
Customizable Policies
Whether you need basic coverage for your personal belongings or comprehensive protection, Insurely allows you to tailor your tenant insurance to fit your needs.
Transparency
With Insurely, renters may easily compare tenant insurance quotes and clearly understand their coverage options, ensuring they get the best value for their insurance premiums.
How to Get Tenant Insurance with Insurely
Securing tenant insurance with Insurely is quick and easy. Here’s how to get started:
- Get a Quote: Fill out a simple online form providing information about your rental and belongings.
- Compare Options: Review the quotes from Insurely’s trusted insurance providers.
- Customize Your Policy: Choose the coverage options you need, such as personal property, liability protection, or additional living expenses.
- Purchase: Once you’ve selected your coverage, complete the purchase online in just a few minutes.
The Takeaway
Good tenant insurance is an essential part of renting, offering peace of mind by protecting personal property and covering liability risks. Insurely’s tenant insurance policies are designed to be simple, affordable, and customizable to fit the needs of every renter. Whether you need liability coverage, theft protection, or additional living expenses, Insurely makes sure you get the right coverage with minimal hassle.
Get a tenant insurance quote with Insurely today and enjoy the confidence of knowing your rental home and possessions are protected.
Frequently Asked Questions
Is tenant insurance mandatory for renters in Canada?
Tenant insurance is not mandatory by law, but many landlords require it as part of the lease agreement. Without it, renters could be held liable for damages to the rental unit or other people’s property.
How does personal liability coverage work in tenant insurance?
Personal liability coverage in tenant insurance protects you if you’re held legally responsible for damage to someone else’s property or for bodily injury. It also helps cover legal fees, medical bills, and repair costs.
Can tenant insurance protect my valuable possessions?
Yes, tenant insurance protects personal belongings such as electronics, furniture, and valuable items like jewelry or fine art. You may also add optional coverage for high-value items not included in the standard policy.
What is the role of tenant insurance providers in the claims process?
Tenant insurance providers help manage your policy, provide coverage options, and support you through the claims process. They offer personalized service and guidance to make sure you get the right protection for your rental home.
How do I file a tenant insurance claim?
To file a tenant insurance claim, contact your provider with details of the damage or loss. Depending on the insurance provider, you may be able to submit claims online or through their mobile app for faster processing.
Do all insurance providers offer tenant insurance with liability coverage?
Not all insurance providers offer tenant insurance with liability coverage, so it’s important to compare policies. Insurely guarantees that liability insurance is included in their tenant insurance policy, offering you comprehensive protection.
