Why Compare Renters Insurance Quotes at Insurance Hunter?
At Insurance Hunter we'll find you the right renters insurance coverage for the best price. Your search for renters insurance will be quick, easy, and free!
Our approach is simple: use the best quote comparison technology and combine it with the most knowledgeable and experienced insurance professionals in Canada. We call them our 'hunters': they are fully-licensed insurance brokers dedicated to getting you the right coverage at the best price possible. They'll even provide you with helpful ways to snag extra savings on your renters policy!
Just fill out our renters insurance form and once you've received your quotes, one of our Insurance Hunters will answer any questions you have and help you review and finalize your new renters insurance plan. Start your hunt now!
What to Expect From Insurance Hunter
Here's what renters insurance shoppers can expect from InsuranceHunter.ca:
- 10+ Renters Insurance Quotes in 3 minutes or less
- Average renters insurance savings of $100+
- Quotes from many of the top insurers in your area
- Access to qualified, independent, fully-licensed insurance professionals that give unbiased advice
- No sales pitches or weird up-selling
- Always secure and private -- your information is confidential and will never be shared or sold
- Service that's available around the clock, 24/7!
Insurance Hunter Explains: Why you need renters insurance
It's a common misconception that renters don't need insurance for the place where they live because, hey, that's the landlord's responsibility. Unfortunately, it's an idea that couldn't be further from the truth -- many renters find out the hard way that their stuff isn't protected when the time comes to make a claim.
Whether it's a theft, a fire, or some other type of hazard, as a renter you'll only get compensation to repair or replace your belongings if you've purchased a renters policy (sometimes called tenants insurance). That's because your landlord's policy only protects the building itself -- not the personal contents inside it.
Plus, if anyone gets hurt at your place, without a renters policy you'll have no liability coverage either, which means you might have to pay big, expensive legal or medical bills out of your own pocket!
Don't make that mistake -- let our team of Insurance Hunters help you track down a renters insurance policy that gives you the best protection for the lowest price.
Top 3 reasons to get a renters insurance policy:
- Your belongings will be financially protected if they are damaged
- Your belongings will be financially protected if they are stolen
- You'll get coverage for medical and/or legal expenses if anyone is hurt at your place or if something happens inside it that damages another unit (think water, fire incidents, etc).
Insurance Hunter Explains: Types of renters coverage
Whether you are renting a room, apartment, or house, there are two types of renters coverage you should know about:
Contents coverage. Provides coverage for repairing or replacing personal items as a result of various hazards such as theft, fire, smoke, or water damage, etc.
Here are some of the items that a renters insurance policy will cover under the contents portion of your plan:
- Widescreen TV
- DVD and CD collection
- Plus many, many other items you may own!
Many renters underestimate the value of their stuff and think it's not worth paying for insurance, but when you add up how much it would cost to replace everything you have, you'll be surprised at how much you'd need to spend. For a typical 1 bedroom apartment, an insurance policy with $10,000 of coverage may not be enough to cover:
- Clothing - Think of all those pants, shirts, shoes, jackets
- Electronic equipment - Flat screen TV, computer, printer, tablets, DVD/CD player
- Furniture - Bed, bedroom set, computer desk, chairs, bookcases, tables, couch
- Kitchen items - cooking utensils, microwave, blender, toaster, dishes, glasses
- Instruments and hobbies - Guitar, keyboard, piano, art supplies, collectables
Liability coverage. Provides coverage for damages to the property caused by you or your visitors, as well as legal costs if somebody is hurt on your premises and sues you.
Many renters are surprised to find out that they are legally responsible for damages they cause to the building and to the property of other people living there. If a fire starts in your kitchen that spreads to other units in the complex, you may be liable for the repair expenses.
Likewise, if you invite friends over for a party and things get a bit wild and someone causes damage to a door or elevator, you can be held liable for the damages.
On the flipside, if damage is somehow caused to your unit by circumstances out of your control and you need to temporarily relocate, with renters insurance you'd be covered for the cost of living expenses such as a hotel and meals until the repairs are completed.
Insurance Hunter Explains: How to make a claim
If you ever need to make a renters insurance claim, here are some tips to make it a smooth and hassle-free process.
- Call your insurance agent and provide your policy number
- Write down details about the incident so you remember them if an adjuster calls
- Provide any police or fire reports
- Provide receipts or user guides for the damages items, along with any photos you have
A claims representative at your insurance company will use this information to process your claim.
Insurance Hunter Explains: How to be prepared for a claim:
Renters can prepare for the worst by doing a few easy things:
- Keep a complete (and up-to-date) list of your possessions
- Keep all receipts for valuable items you buy
- Take photos and videos of your contents
- Get valuable artwork and jewelry appraised as proof of it's worth
When the time comes for you to file a claim, being prepared will result in quicker payouts and less hassle all around!
Insurance Hunter Explains: What determines your insurance rate?
The price of a renters insurance policy commonly ranges from approximately $100 to $400 per year, but it can be more depending on:
- The value of your items
- Where your rental building is located
- How and when your apartment was constructed
- The insurance company you choose
- Your history of any previous claims
On balance, the cost of renters insurance in Canada is very reasonable, especially when you add up what it would cost to replace all of your belongings! Having a renters plan just makes sense, and Insurancehunter.ca makes it fast and easy for you to shop around and compare prices.
Insurance Hunter Explains: How to get a better rate on your renters insurance
Getting cheap renters insurance doesn't have to be difficult. Use these tips to save:
- Get your renters insurance from the same company you have your car insurance with (called bundling)
- Install an alarm system in your unit and inform your insurance company
- Choose a higher deductible to lower your premium
Always ask our Insurance Hunters about discounts or promos to reduce your premiums.
Renters Insurance: Straight talk and tips from our Insurance Hunters:
Sandy says: "At least once a year, take inventory of your possessions and add any new purchases to the list. This keeps your records up to date, and helps you decide if you need to change the amount of coverage you have."
Bruce says: "Most students going off to college don't think about renters insurance when renting a room in a shared home or apartment. They can have thousands of dollars in items, like fancy computers, electronics, bicycles, furniture, clothing, and textbooks. Parents and students take note: buying renters insurance is a must"
Rachael says: "Many renters are surprised to learn that if the property they are renting gets robbed, the landlord's home insurance plan won't cover replacing their belongings. Make sure you speak with an insurance advisor to gets the facts about why you need renters insurance."
Kenny: "To get a good idea of the total value of the belongings in your rental, make a list of everything you have that would need to be replaced. Beside each item write how much it would cost to buy, and add it all up."