Include electronics, furniture, clothing, jewelry, and other personal belongings.
Estimated Monthly Premium
$22
per month
Annual Premium
$262
Your Coverage Summary
Tenant insurance is affordable. A broker can find you the best rate in minutes.
Get Quotes NowCovers your belongings (furniture, electronics, clothing, jewelry) against theft, fire, and certain types of water damage.
Protects you if someone is injured in your unit or if you accidentally damage someone else's property. Typically $1-2 million.
Pays for temporary housing (hotel, rental) if your unit becomes uninhabitable due to a covered event like a fire.
Covers upgrades you've made to your rental unit, such as custom flooring, paint, or installed fixtures.
Overland flooding is generally NOT covered by standard tenant insurance. You may need a separate endorsement.
Your landlord's building insurance covers the structure. Tenant insurance only covers your personal belongings inside.
Average annual rates for a standard tenant policy with $30,000 in contents coverage and $1M liability.
| Province | Avg Annual | Avg Monthly | Relative |
|---|---|---|---|
| Ontario (You) | $270 | $23 | |
| Quebec | $220 | $18 | |
| British Columbia | $310 | $26 | |
| Alberta | $280 | $23 | |
| Manitoba | $240 | $20 | |
| Saskatchewan | $230 | $19 | |
| Nova Scotia | $210 | $18 | |
| New Brunswick | $200 | $17 | |
| Newfoundland and Labrador | $250 | $21 | |
| Prince Edward Island | $195 | $16 |
Disclaimer
This calculator provides rough estimates for educational purposes. Actual tenant insurance premiums depend on your exact location, building age, floor level, claims history, and insurer. Contact a licensed broker for accurate quotes.
Tenant insurance is not legally required in any province, but many landlords now require it as a condition of your lease. Even if not required, it is strongly recommended. Without it, you would have to replace all your belongings out of pocket after a fire or theft.
The average cost is $15-$30 per month ($180-$360 per year) depending on your province, coverage amount, and deductible. It is one of the most affordable insurance products available and provides significant protection.
No. Your landlord's building insurance covers the structure and common areas only. It does not cover your personal belongings, your liability, or your additional living expenses. You need your own tenant insurance for this protection.
Do a home inventory by going room-by-room and listing everything you own with estimated replacement costs. Most renters underestimate their belongings' value. A typical single person has $20,000-$40,000 worth of items; families often have $40,000-$80,000+.