BC Tenant Insurance

Giving BC renters peace of mind

With Acera Insurance, you can rest assured your personal belongings are well protected when you rent. While your landlord likely has insurance, this coverage is for their property—not you and your belongings. That’s why it is important to have tenant insurance, no matter if you are renting a house, condo or apartment.

Tenant or renters insurance provides the coverage you need to insure you and your personal property is properly protected from the unexpected. Our BC tenant insurance brokers work with you to ensure you receive the best coverage at the best possible price.

Why do renters in BC need tenant insurance?

If you rent, tenant insurance provides important coverage for your contents—such furniture, clothing, books, electronics and more. For example, if your personal belongings are damaged, destroyed or stolen, tenant insurance can help you cover repair and replacement costs.

Tenant insurance also provides personal liability coverage while you rent. This offers protection if you are sued because you accidently damage a neighbour’s property or if a visitor to your rental unit is injured. The liability coverage that is included in a standard tenant insurance policy can help you cover your legal expenses in such events.

Most tenant insurance policies also offer additional living expenses. This can help you cover costs such as hotel accommodation and transportation if you must vacate your rental property due to an approved claim (for example, a fire) or mandatory evacuation order.

Without tenant insurance, you’ll have to cover such expenses—repairs and replacements, additional living costs and legal fees—on your own in the event of a loss or lawsuit.

While standard tenant insurance covers your belongings, liability and additional living expenses, there are also some optional coverages you may want to add to your policy for extra protection. This includes earthquake, sewer backup, overland flooding and more. Talk with one of our expert tenant insurance brokers to discuss your unique needs; they’ll be able to recommend the optional coverages you should consider adding to your policy.

How much does tenant insurance cost in BC?

Tenant insurance offers affordable peace of mind. That said, rates vary as they are dependent on several factors, including where you live and your personal details.

For example, the following are some of the factors used to determine tenant insurance rates:

• Type of building (i.e., high-rise condo, house)
• Building construction material
• Distance to nearest fire hydrant and fire station
• Location and neighbourhood specifics (i.e., crime rate, proximity to natural hazards like rivers)
• Your insurance and claims history
• The replacement value of your personal belongings

The deductible, policy limit and any additional coverages you choose will also be factored into your tenant insurance premium.

Is tenant insurance mandatory in BC?

Tenant insurance is not mandatory by law in British Columbia. That said, your landlord may stipulate in your lease agreement that you have this coverage.

It is beneficial to have tenant insurance if you rent.

This coverage can help you avoid the financial burden of having to pay:

• repair and replacement costs if your personal belongings are damaged or stolen while in your rental unit
• legal fees if you are sued for causing property damage or injury to someone else
• additional living expenses if you must vacate your rental unit due to an approved claim or mandatory evacuation order

Why choose Acera Insurance as your BC tenant insurance broker?

As an independent brokerage, Acera Insurance will compare between insurers to find you the most comprehensive and competitive tenant insurance.

Our brokers provide expert guidance and advice to renters. We take the time to understand your needs and explain your policy details so you can have confidence in your tenant insurance coverage.

Discover why Acera Insurance is a trusted and respected brokerage for yourself. Get a free tenant insurance quote today.