Compare and purchase the best
tenant insurance rates
in Calgary.
Provides protection against a lawsuit resulting from damaged property or personal injuries.
Referring to 'special limits' on items like jewellery or art if the value is greater than the special limit you should list the item separately.
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Few Canadian cities are more appealing than Calgary. This fantastic city is overflowing with sites and activities to try. You can spend your days watching your favourite professional sports teams, admiring innovative architecture and enjoying an endless list of tourist attractions. It would take an entire lifetime to experience everything that this outstanding city has to offer. Because of this, it’s easy to see why Calgary is one of the most talked-about cities in the country.
Not to mention, Calgary has one of the “youngest” cities in Canada, with approximately 70% of the population sitting between the ages of 15 and 64. Because of this, there is no shortage of fantastic rental opportunities. Once you find an affordable space that meets your needs, you’ll need to purchase tenant insurance in Calgary. Many landlords in Calgary require renters to purchase tenant insurance before committing to a rental agreement.
If you’re having a hard time finding the best tenant insurance in Calgary, the Surex team is here to lend a helping hand. At Surex, we take pride in our ability to provide the cheapest, most affordable tenant insurance quotes in Calgary. Our insurance advisors work side-by-side with the top tenant insurance companies in order to provide you with quotes that exceed your expectations.
Tenant insurance in Calgary - What You Need to Know
A licensed insurance advisor can offer tenant insurance in Calgary. If you contact the broker channel they can provide you with more than one option, so you can see comparables in price and coverage!
Tenant insurance in Calgary (also called renters’ insurance) is meant for people who rent the place where they live, whether home, condo, or apartment. It provides the best insurance coverage against common risks like theft, fire damage, and personal injury that occurs on the property.
Tenant insurance is necessary because a landlord’s home insurance policy won’t cover these perils on behalf of the renter.
No, tenant insurance is not required by law in Calgary. However, many property managers won’t lease their unit without tenant insurance coverage in place.
Tenant insurance in Calgary generally covers three main things:
Contents
If your belongings are damaged or stolen while in your rental property, tenant insurance in Calgary will help cover the cost of replacement or repair.
This is among the most important aspects of tenant insurance since most people don’t have the money to replace thousands of dollars in lost items out-of-pocket.
Liability
If an accident on your property causes financial harm to a third party, tenant’s insurance with personal liability coverage can help cover lawsuit and settlement costs.
For example, if a guest slips, falls, and injures themselves on a wet floor in an apartment you’re renting in Calgary, tenant insurance will shield you from the financial fallout of a potential lawsuit.
Relocation cost reimbursement
If the property you’re renting is rendered uninhabitable, tenant insurance will help shoulder the costs of relocating.
For example, if you’re forced to stay at a hotel for a few weeks because your rental apartment flooded, tenant insurance in Calgary may help with your hotel bill along with the cost of purchasing meals.
Tenant insurance in Calgary typically won’t cover replacement costs above a certain amount for extraordinarily expensive items (i.e. jewelry). To make sure you’re covered for the items that matter most to you, it’s important that you read the policy thoroughly. Your Surex broker can help you find the exact policy you need.
The price of your tenant insurance in Calgary depends on where you reside, the value of your total contents, your liability limits. Policies normally start at $300/yr and increase as the content values and liability limits increase.
The cheapest and best tenant insurance in Calgary depends on how your situation fits into the formula companies create to evaluate policyholders. For example, one insurer might weigh your age more heavily than another. This is why it’s a good idea to compare insurance companies and online insurance quotes with the best insurance broker. The cheapest tenant insurance provider in Calgary isn’t always evident.
Tenant insurance in Calgary typically renews automatically each year. You’ll receive new policy documents detailing any changes to your premium and confirming your coverage. Keep in mind that you do have the option to switch policies before your existing one renews.
In Calgary, tenant insurance rates are based on the type of unit you rent, number of tenants in the unit, value of your contents, physical location of the unit, prior tenant or home claims in the past under your name.
No. If you rent the unit you live in you only require tenant insurance which is often more affordable than home insurance. You want to be properly insured, and tenant insurance will do that for renters in Calgary.
You can contact your assigned insurance broker/advisor or contact the insurance company directly. Make sure you have your policy number and details of the claim prepared when you call your tenant insurance provider in Calgary.
When it comes to the best tenant insurance in Calgary, policies. generally hover around the $20 to $30 range. Since there’s no minimum coverage requirement, you can get insurance online at a lower rate in Calgary by purchasing only the coverage you need.
The law does permit landlords to include tenant insurance coverage as a lease requirement. Many landlords in Calgary do so as a tenant’s insurance policy serves to reduce their overall risk. You may need tenant insurance for the rental you want.
You’ll need to provide basic information about yourself and the property you’re renting in Calgary, including:
- The address
- Your belongings’ cumulative value
- Who else will be occupying the rental property
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What is typically covered under tenant insurance?
- Repair or Replacement of Contents
Tenant insurance typically covers repairing or replacing a renter’s possessions in the event of theft or damage. - Relocation Costs
If a rental property is rendered uninhabitable, tenant insurance can cover the costs of relocating, food etc. - Liability Coverage
Protects a tenant financially if someone else faces damages in relation to the rental property.
What is the difference between tenant & renter’s insurance?
There is no difference. These policies provide coverage against damage to or loss of your belongings while you are inhabiting a rented dwelling.
Does my landlord’s insurance policy cover me?
Your landlord’s insurance policy will not cover your contents or belongings. It only protects their items as the policyholder. If you want coverage for your belongings, you’ll need tenant insurance.
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