Tenant insurance for Ontario renters

Some landlords or rental contracts may require proof of insurance before you can sign the lease, while others don’t. So, who needs renters insurance and is it mandatory? Even if you’re not required to have tenant insurance, it’s the best way to make sure your stuff is protected. Take a walk through your apartment, think of how much it would cost to replace all your stuff – it adds up, right? With tenant insurance you’re covered for pretty much everything you own and more. 

So, how does tenant insurance protect you? It covers your personal belongings if they’re lost or damaged in a covered event – like a fire, or a windstorm. It also covers your personal liability in the event that you’re held responsible if someone’s accidentally injured at your place – like if a guest trips on loose carpet and breaks their arm – or if you cause damage to someone else’s property.

Have more questions about tenant insurance? Get in touch with us via email or chat – we’re here to help.

With Sonnet Insurance, you can get a tenant insurance quote online in 5 minutes. All you’ll need is the address of the place you’re renting and the answers to a few simple questions – we do the rest of the work for you!

We ask you a few key questions to access public information about the place you’re renting along with personal information you provide to determine your rate. The information we use includes:

• Where your rental is located
• Home structure, age, type of heating, etc.
• Number of past insurance claims
• Information about you (age, credit score if applicable, etc.)

Using this information and a whole lot of math and statistics, you get the most competitive price – savings included. The whole process takes just 5 minutes and the price you’re quoted is final. Buy online right away or save your quote and lock in your price for 45 days or until the coverage start date (whichever is sooner).

Are you a student, family, young couple, newly living on your own or with friends? Are you renting a condo in Toronto, a basement apartment in Burlington or an entire house in Port Perry? No matter who you are or where you’re living in Ontario – if you’re paying rent, you can benefit from having tenant insurance. 

With Sonnet Insurance, your policy is priced based on your unique information which means any savings are automatically included. Here are some of the ways you can save on your tenant insurance:

• Exclusive Sonnet savings. Self-service has its benefits. Save just for purchasing your insurance online.
• Claims Free. No recent claims? Lucky for you that means savings.
• Multi-policy savings. Insure your home and auto with us and you could save even more.

Get a quote online to see your price with savings included – it’s free and there’s no obligation to buy.

Tenant insurance works similar to any other type of property insurance. The type of insurance you need depends on whether you’re an owner, tenant or landlord. This helps to make sure you get the right coverage at the right price. When it comes to renting, there are two types of insurance coverage needed. Your landlord has insurance that specifically covers damage to the structure of their property. As the tenant, your landlord’s insurance doesn’t protect your stuff, so you need tenant insurance for that.