Tenant insurance for Ontario renters

Are you renting in Ontario? Buy tenant insurance online in 5 minutes.

Customized tenant insurance for renters in Ontario

Sonnet tenant insurance is a must for renters like you. Whether you’re renting a condo in Toronto, a house in Ottawa, or an apartment in Mississauga, we’ve got you covered.

Get a customized quote, in language you can understand, at a competitive price – and do it all online. We’ve changed tenant insurance for the better, so you can worry less and live more.

Why do I need renters insurance in Ontario?

In Ontario, you don’t legally need to have tenant insurance. But – many landlords require it to sign a lease. Tenant insurance covers things like the cost to repair or replace your stuff if it gets damaged or stolen. Or if you need to temporarily relocate. And liability coverage is there to protect you and anyone in your home.

What does renters insurance cover?

Here’s a breakdown of the common coverages included in tenant insurance in Ontario. But – every policy is unique. So, review your tenant policy to get familiar with your coverage and additional coverage options.

Standard tenant insurance coverages

Liability Insurance

Protect yourself and the people in your home in case you’re sued with tenant liability insurance. You’re covered if someone gets hurt while visiting or for damage you may unintentionally cause.

Personal Belongings

Often called contents insurance, this protects anything you own that you could pack in a bag or put in a moving truck. Contents insurance in Ontario covers things like your clothing, electronics, furniture, etc. Your stuff is covered no matter where it is (whether it’s in your home or not).

Extra Expenses

In case something happens and you can’t live in your apartment in Ontario. – you’re covered while your unit is being repaired. Choose to stay in a hotel or with friends and family, we’ll provide you with the cash either way.

Unit Improvements

You’re covered for the cost of any damage to improvements you’ve made to your rental unit to make it your own. This could be built-in closet organizers or unique light fixtures.

Identity Theft

This covers you and anyone else on your policy in case your identity is stolen. We’ll reimburse you for legal fees as well as certain other costs that could happen, up to a limit. These could include lost wages if you have to take time off work to sort it out, and payment for services that help you get back to where you need to be.

Additional tenant insurance coverages

Sewer Backup

This coverage can help in some smelly situations. If water backs up or escapes into your rental unit through a sewer, sump, septic tank, or floor drain, this will cover you for the damage caused. Coverage offered depends on eligibility.

Overland Water

You’re covered for damage to your home caused by fresh water, such as excessive rain, spring run-off and melting snow, coming in at ground level through windows and doors. Coverage offered depends on eligibility.

How much does tenant insurance cost in Ontario?

The cost of insurance for renters depends on your situation. How much coverage you need, the building type and location and your claims history are all factors that insurance companies look at. Here are some examples of the average price of renters insurance with Sonnet in Ontario:

$27/month avg.

A family renting a house in Ontario can get tenant insurance for about the same price as a large deluxe pizza.

$23/month avg.

The cost of rental insurance for a couple renting a condo in Ontario is on average the same as a nice bottle of wine.

$25/month avg.

A person under 30 renting an apartment in Ontario, can cover their stuff with renters insurance for less than the cost of their phone bill.

"Super easy, super customer service, super price. Almost a third of the price of other companies for house insurance. Couldn’t be happier with this company. Thanks Sonnet." "Easy to set up for just what I needed. Will recommend to others for sure!"

More ways to save in Ontario

You could save an average of $474 with Sonnet’s group discount. It’s easy - start an online quote and search for the name of your organization or association. A few organizations that trust Sonnet:

Why do I need tenant insurance?

Some landlords or rental contracts may require proof of insurance before you can sign the lease, while others don’t. 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.

How do you calculate the cost of tenant insurance?

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).

Who needs tenant insurance?

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. 

How to save money on tenant insurance in Ontario

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.

How does tenant insurance work in Ontario?

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.

How do you get tenant insurance in Ontario?

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!

Don’t wait to start saving

Do you already have tenant insurance? Switching to Sonnet may be easier and cheaper than you think.

The 5 minutes to get insured is based on the average Sonnet customer experience.

Average monthly premiums for tenant insurance in Ontario are based on current Sonnet policies as of June 2019, with assumptions made to determine demographic groups.

Survey of 237 Canadian parents was conducted on behalf of Sonnet Insurance by IMI International. 2018.