The Best Tenant Insurance Rates In British Columbia

We’ve compared the best rates for renters insurance in British Columbia. Get tenant insurance in British Columbia (BC) for as little as $12/month.

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Get protected on your newly rented apartment, condo, or house. You get to decide what you want to insure. Get customized quotes and compare the best rates available right now.

What is tenant insurance?

Tenant insurance is an insurance policy that covers you and offers liability protection when you’re living in an apartment, condo, or house that you don’t own and are paying rent to live in. Renters insurance is similar to home insurance, but much cheaper since renters generally don’t require much coverage.

Why do you need renters insurance in British Columbia?

Finding a new place to live is exciting. Coming home after a night out to find all your possessions lost in a fire, theft, or other emergency event is not. If you don’t have renters insurance, the cost out of pocket can add up to thousands of dollars. Sometimes, if the damage is large enough, it can be untenable for many people to replace all your lost belongings. The good news is, tenant insurance is one of the cheapest kinds of insurance you can get. Find rates as low as $12/month here.

Is tenant insurance mandatory in BC?

It’s not a legal requirement to get tenant insurance in British Columbia. However, most landlords will add it as a requirement in your renters contract. Remember though, that your tenant insurance is mainly used to cover your personal items should they be damaged, destroyed, or lost. So if you only have a few items that aren’t worth very much in your possession, it may not be worth it to get tenant insurance.

What’s covered with tenant insurance, and what’s NOT covered?

Tenant insurance covers your personal items, plus covers expenses if you need to relocate temporarily due to repairs in the home you’re renting to live in. It also gives you liability protection in case a guest is injured in your home.

For instance, if you have a guest that visits over the weekend, and they slip and fall, they could potentially sue you for medical expenses. Tenant insurance will cover the medical bills and any legal bills that you encounter.

Renters insurance typically covers damages, lost items from:

  • Theft
  • Fire, lightning, rainstorm damages
  • Explosions
  • Riots
  • Damages caused by aircrafts or vehicles
  • Vandalism
  • Sudden burning or explosions of household appliances
  • Smoke

Renters insurance typically DOES NOT cover damages, lost items from:

  • Earthquakes
  • Floods
  • Infestations, bugs or mice

While these are common with most insurance providers, every policy is different. If you have specific requirements with your policy you can speak with your insurance provider on best options for you and come up with a customized plan.

How do insurance providers pay me when I want reimbursement?

Insurance companies will assess the damages with your policy and then reimburse you either by paying for the replacement costs for your belongings OR give you cash value of your items. For example, if you have a laptop that’s 5 years old, they would pay you in the amount a 5-year old laptop is worth.

How much tenant insurance do I need to purchase if I live in British Columbia?

The amount of renters insurance you need will depend case by case. You will need to determine how much your personal belongings are worth. The more expensive your items are, the more coverage you will need. Fortunately, tenant insurance in British Columbia is extremely cheap. Find the best rates here.

Free Tenant Insurance Quote

Get an instant quote with the best rates in BC

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