Get Your Tenant Insurance Quote in Minutes

Ontario Tenant Insurance

Safeguard your belongings with the right protection.
  • Save up to 30% when bundled with your car insurance
  • Protect your contents including electronics, laptops and cellphones
  • Living expenses covered in the event of a claim
Complete the form or call 1-800-463-8074 to speak with a licensed broker about Tenant Insurance today.

Tenant Insurance For Your Rental

Statistics Canada estimates that approximately 25% of Ontario residents rent their home, but most do not carry renter or tenant insurance to protect their own personal property. The renter policy also provides insurance for your own personal liability exposures. If you are sued, your renter policy will pay for your defence of the allegations and pay for any damages awarded to the injured party.  A tenant or renter policy also provides you with property insurance experience which can assist in additional savings when you are ready to purchase your first home and require insurance.  If you have had a tenant or renter policy for several years, you could qualify for a claims-free or loyalty discount.

What is Tenant Insurance?

Tenant insurance covers a tenant or renter of a property against various damages and liabilities. This type of policy can include financial protection in the event of theft of belongings, accidental damage to the property or unintentional bodily harm on the premises.

Who Needs Tenant Insurance?

If you currently rent the space in which you live, you should strongly consider tenant insurance. Without tenant insurance you have no coverage in the event of your belongings being stolen or accidental damage to the property. Tenant insurance provides you with the peace of mind that your dwelling and valuables are protected against common risks.

Tenant Insurance Is Not Landlord Insurance

The owner of the property will have insurance on the actual building, but their insurance will not cover you as the renter or occupier of the home for your personal property such as your furniture, jewellery, clothing, etc. or for your personal liability.  In the event of a loss such as a fire  if you do not have a renter or tenant policy you could be left without anything and be forced to replace everything you own.  That is why it is so important to have a renter or tenant insurance.

How Much Does Tenant Insurance Cost?

A renter or tenant insurance policy is actually relatively inexpensive but very necessary. In addition to covering your personal property, the renter policy will also cover you for additional living expenses you may incur due to a loss in which you are forced out of your rental property. If you already have an automobile insurance policy with Morison Insurance Brokers adding a tenants or renters policy will save you even more money on both your automobile and tenants insurance. The potential savings on your automobile policy through a multi-line discount can possibly pay for the entire annual cost of your renter’s or tenant’s policy.

Where can I buy tenant insurance?

Contact Morison Insurance to get a tenant insurance quote today. Get started by filling out the form on our website or by calling 1-800-463-8074. You'll be happy you did!


This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.

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