Calgary Tenant Insurance

How to find the best tenant or renters insurance in Calgary

With affordable tenant insurance, you can have peace of mind – knowing all your personal belongings are protected wherever you call home.

Our insurance brokers are specialized in tenant, apartment and rental insurance, and serve as excellent guides to helping you navigate the process of finding a competitive insurance policy. We work with you to understand your needs and shop the market to find you multiple quotes. With several options to choose from, you can be certain you are receiving the best value possible.

What type of insurance do renters in Calgary need?

If you rent in Calgary, tenant insurance provides important coverage for your belongings, as well as offering liability insurance and support with additional living expenses. Your landlord will most likely have insurance coverage, but this coverage is only designed to protect the building itself, not you or your belongings. This is why it is so important to get a good tenant insurance policy.

Tenant insurance offers coverage across the following three main areas:

• Personal belongings
• Personal liability
• Additional living expenses

We’ll review the meaning of each of these items in greater detail below.

Tenant Insurance and Contents Coverage

Tenant insurance provides important protection for your personal belongings and contents. This can include everything from furniture and electronics to clothing. In the event one of your possessions is damaged or destroyed by a covered peril or event, your tenant insurance coverage would provide you with the means to repair or replace it.

Tenant Insurance and Personal Liability

Personal liability insurance is another key feature that comes with your tenant insurance policy. This means that if you are sued after accidently damaging a neighbour’s property or if a visitor to your apartment is injured, you would receive help covering any of your legal expenses.

Tenant Insurance and Additional living Expenses

If your apartment building issues a mandatory evacuation order or is uninhabitable due to the nature of the claim, your tenant insurance policy will help cover your living expenses, such as hotel accommodation, transportation and food.

Without tenant insurance coverage, if you are required to leave your apartment for repairs, you would not only be responsible for paying for all the fixes, but also these unexcepted living costs if you are required to leave your apartment after a loss for repairs.

How much does tenant insurance cost in Calgary, Alberta?

Rates for tenant or renters insurance can vary based on multiple determining factors, but finding affordable tenant insurance in Calgary is easy with the right insurance broker.

Below we’ve listed the main factors that influence Calgary tenant insurance rates:

• Type and classification of building (i.e., high-rise apartment, house, in-law suite etc.)
• Type of building construction materials used (i.e., roofing, heating, plumbing etc.)
• Location and neighbourhood specifics (i.e., crime rate, proximity to rivers etc.)
• Your personal insurance and claims history
• The replacement value of your personal belongings

In comparison to other insurance products, such as home insurance, you can typically expect to pay less for your coverage. This is because tenant or renters insurance is focused more on your personal belongings than on an exterior structure, which is usually more expensive to repair than the cost to replace your possessions.

By working with a tenant insurance broker, you can be assured you are getting the best value for your money. We work with multiple insurance providers to compare how the determining factors above influence how much you can expect to pay between different companies. This allows us to be confident in recommending the best policy for you at a price that will make you happy.

Whether you are renting an apartment in Marda Loop, Inglewood or Bridgeland, our brokers ensure you are receiving the best tenant insurance rates in Calgary for your specific needs and neighbourhood.

Getting the best tenant insurance rates with Acera Insurance

Here are our top five tips for making sure you are eligible to receive the best tenant insurance rates in Calgary:

• Work with a local broker
  An experienced advisor can help price shop and compare premiums.
• Create an inventory
  Document your belongings, so you can advise on what needs to be covered.
• Install safety devices
  Security systems and different sensors can result in discounts from insurers.
• Review your policy
  Sake sure you keep your policy updated, so you are paying only what you should.
• Make payments on time
  To ensure you are eligible for more financing options it is always a good idea to stay on top of payments.

Our knowledgeable tenant insurance brokers are filled with useful recommendations and advice. Talk to one of our rental insurance advisors today for more information on how we can help get you the best policy for you, at the best possible price.