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Calgary Tenant Insurance

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Calgary Tenant Insurance

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Tenant Insurance in Calgary

Tenant insurance in Calgary is an essential consideration for those looking to reside in one of the world’s cleanest, healthiest, and safest cities. In numerous international studies, Calgary has consistently ranked among the top, boasting a high quality of life and abundant housing options. In fact, in 2018, Calgary was named the 4th most livable city globally. With low population density and a high standard of living, Calgary remains a desirable destination for individuals and families alike.

Whether you’re looking for a quiet neighborhood to retire in, a downtown rental apartment near your new job, or a place you and your roommates can rent close to the university, finding the right rental in Calgary can be a time-consuming process.

Found the right place to rent? Great! Now it’s time to protect yourself and the property you’ve rented.

In your excitement to get settled into your newly rented home, you might forget some important details, such as purchasing tenant/renters insurance in Calgary! But not to worry! Sharp Insurance is here to help you pay less and get the best tenant insurance in Alberta.

How to get the Cheapest Tenant Insurance Quotes in Calgary

There are several methods to purchase Renters insurance in Calgary; take the initial step by contacting us.

Is it Mandatory to Get Tenant Insurance in Calgary?

Tenant insurance, also known as renters insurance, is not mandatory by law in Calgary. However, a landlord or property owner could require their tenants to have tenant insurance coverage as part of the rental agreement. This is because tenant insurance will protect both the renter and the landlord in case of unexpected events. And the landlord wants to ensure their personal property is covered no matter what life throws at them.

As a tenant, it’s important to carefully read your rental agreement and discuss with your landlord about their insurance requirements.

While it may not be legally required, getting tenant insurance is a smart and responsible decision for any renter in Calgary to protect you and your bank account.

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How to get Tenant Insurance Coverage in Calgary

Sharp Insurance’s award-winning brokers are happy to help you with your tenant insurance in Calgary. All you have to get tenant insurance quote is give us a call and chat with one of our brokers about your insurance options. Our insurances are available to buy online through our app ( My Sharp ) or website.

At Sharp Insurance, we can answer all your questions and design a tenant insurance package that will help you and your family get the best possible tenant insurance coverage in the city: coverage that includes not only your valuable belongings but also your personal liability claims. Get the best tenant insurance coverage with Sharp Insurance.

Do I need Tenant Insurance in Calgary?

Yes! Every landlord in Alberta retains the legal right to require a tenant’s insurance policy to be provided by the prospective tenant before the rental lease is signed. This insurance isn’t meant to protect your landlord alone. In fact, when you compare how much you’re likely to lose if you don’t have insurance, you’ll realize that the cost of tenant insurance is minimal. Insurance should be factored into your living expenses, much like the cost of food and utilities.

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How much is Tenant Insurance in Calgary?

The cost of renters/tenant insurance in Calgary depends on many factors. The average in Alberta is between $12 and $52 per month. Recent statistics show that tenant insurance in Alberta costs Canadians an average $25 a month

Call us at Sharp Insurance today or get a tenant insurance quote by completing the form below now to find out how much you can save by signing/switching your tenant insurance policy in Calgary.

We’re partners with the country’s top tenant insurance providers and are confident we can find you the best deal on your tenant insurance policy.


Let’s start by asking the right questions so we can save you some money and get the best tenant insurance:

Factors that Determine the Cost of Tenant Insurance in Calgary:


  • How much insurance do you need?

Preparing a list of all the items in your household that need to be insured is the first step to determining the cost of your tenant insurance.

  • What’s the location of your dwelling?

Your tenant/renter insurance in Calgary will vary depending on where in the city you choose to live. In and around the downtown core is generally more expensive than the outlying suburbs.

Residents of high-risk neighbourhoods with a higher reported crime rate are also likely to pay higher premiums on their tenant insurance policies to cover recurrent break-ins, burglary, and theft incidents. Readmore about High-risk Insurance in Calgary

  • How is your unit or apartment constructed?

Are you renting an apartment in a high-rise building with multiple suites, a townhouse, a duplex, or a small suite in a small building with only a few apartments? However your rental property is constructed, it’s useful to know that the larger the building and the number of units in it, the lower your premium cost will be. That’s because property damage is less costly if the building is more sturdy.

  • Do you currently have tenant insurance in Calgary?

Who’s your insurance provider? Let’s do the comparison for you. We’re sure we can get you a better deal with one of our Calgary tenant insurance providers.

  • What’s your claims history like?

Have you had any previous claims? The more claims you have as a tenant, the higher your premium becomes on every new tenant insurance policy you sign. This means being a responsible and careful tenant can save you money.

Checkout: 5 Common Home Insurance Claims in Alberta

  • How much is your deductible?

A deductible is the amount of money you spend out of pocket (in case of an accident in your rental property) before your insurance policy kicks in and covers your losses (or other losses you’re found responsible for). Even though you’re usually able to select the deductible you want, a higher deductible always means slightly lower premiums.

  • Do you have other insurance policies?

If you have other insurance policies on your vehicle or any other properties, let us know. We can save you some money by bundling all your insurance policies together in one affordable policy.


Explore the Tenant Insurance Checklist on the Alberta Official Website for comprehensive guidance. Feel free to reach out to us for further tips on your Calgary tenant insurance needs.

What Does Renter’s Insurance Cover in Calgary?


1- Contents Insurance for Renters in Calgary


A Personalized Limit for Contents Coverage

This coverage ensures all your belongings. It entitles you to replace your lost, stolen, or damaged personal belongings not only inside your unit but also in a vehicle that’s registered in your name.

At Sharp Insurance, we can also design a special contents coverage plan for your high-value items, such as Jewelry, art, musical instruments, wine collections, high-end watches, sporting equipment, bicycles, etc.

We want to make sure nothing happens to your impressive music collection! Additionally, learn how to keep your home insurance current on vacation for more insights on maintaining coverage when away.

Give us a call and learn more about the several coverage options and prices we have for your most valuable belongings to ensure you have the right protection.

Remember! Your landlord’s insurance policy covers only damages to the actual dwelling. It doesn’t provide coverage for your belongings. Find More Information for landlords and tenants in Alberta Official Website.


2- Tenants/Renters Liability Insurance

A $2 Million Liability Coverage

With personal liability coverage, you can have peace of mind knowing that we’re protecting you from financial losses that may result from any unintentional damage to your rental property or your building caused directly or indirectly by your actions due to negligence so you don’t have to pay out of pocket. Tenant insurance is there to protect you and cover the costs of any damage.

Rental insurance coverage also provides the protection you need in the event of a lawsuit. Tenants are responsible for the harm they may cause to anyone who lives or visits their rental unit. This coverage offers protection against such bodily injury claims.


3- Extra Living Expenses Coverage

Additional Living Expenses

This coverage helps you to cope with your other needs after a loss. It provides compensation to you when you’re unable to live in your home while it’s being repaired for damages incurred due to sudden accidental events such as fires or water damage.

If your rented suite was damaged in a similar natural disaster like hailstorms and is deemed uninhabitable, where would you live? This is when your Additional Living Expenses insurance responds by paying for necessary expenses such as hotel bills, restaurant meals, and moving costs while your apartment is being repaired.

These are the standard tenant policy coverages and they cover common risks, discuss your needs with a broker or agent in case you need additional coverage.

Still have more questions about your rent /tenant insurance in Calgary? Not a problem! Call one of our expert tenant insurance brokers at Sharp Insurance and learn more about getting the best tenant insurance rates and get a tenant insurance quote!

How to File a Tenant Insurance Claim in Calgary?

Filing a tenant insurance claim in Calgary may seem daunting, but it’s a straightforward process. Here are the steps you need to follow:

  • Contact your insurer as soon as possible: As soon as an incident occurs that requires you to file a claim, contact your insurance company and inform them of the situation. The sooner you report the incident, the faster your claim can be processed.
  • Take pictures of the damage: This is an important step as it provides evidence of the damage and helps with the assessment of your claim. Make sure to document all damaged items in detail.
  • Provide necessary documents: Your insurance provider will require you to provide certain documents, such as a copy of your lease agreement, police report (if applicable), and any receipts or invoices for damaged items. Make sure to have these documents ready when filing your claim.
  • Wait for the assessment: An insurance adjuster will assess the damage and determine the coverage that applies to your claim. They may also ask for additional documents or evidence, so be prepared to provide them with whatever they need.
  • Receive your payment: If your claim is approved, you will receive a payment from your insurance provider to cover the damages or replacement costs.

Remember to always review and understand your tenant insurance policy before filing a claim. Your insurance provider can also guide you through the process and answer any questions you may have.

FAQ’s: Tenant/Renters Insurance Calgary

When it comes to tenant insurance, Calgary is higher than the average. the exact rate varies depending on several factors, including the location of your dwelling, the amount and type of coverage you need, your claims history, and any additional policies that may be bundled together. The average in Alberta is between $12 and $52 per month. Recent statistics show that tenant insurance in Alberta costs Canadians an average $25 a month

It is best to speak with an insurance broker to get a personalized quote for your specific situation. Many insurance companies offer tenant insurance at an affordable price.

Renters insurance in Calgary typically covers personal belongings, liability protection, and additional living expenses. Personal belongings coverage protects your possessions from damages or losses due to accidents or theft, while liability protection covers you for any damages caused by your actions. Additional living expenses coverage helps with costs if you are unable to live in your Calgary rental unit due to unexpected events.

Similar to home insurance, tenant insurance is not mandatory in Calgary. However, it is highly recommended for all Calgary residents who live in rentals. Many landlords may require tenants to have insurance as part of the lease agreement, but even if they don’t, tenant insurance protects you from financial losses and liability. It’s always better to be prepared for the unexpected.

Yes, you can bundle your tenant insurance with other policies such as car insurance or home insurance. Bundling policies often lead to discounts, depending on the insurance company, and can save you money on your overall insurance costs. Be sure to speak with a Calgary insurance broker about bundling options and potential savings.

Actual Cash Value (ACV) refers to the current value of your belongings, taking into account depreciation over time. This means that if you file a claim for an item that is 5 years old, you will receive the amount it was worth at the time of the loss, not what you originally paid for it.

On the other hand, Replacement Cost provides coverage for the cost of replacing your items at their current retail value. This means you will receive enough money to purchase a new item that is similar in value to the one that was lost or damaged. It is important to review and understand which type of coverage your policy provides for personal belongings.

Endorsements are additional coverage options that you can add to your tenant insurance for a specific type of protection. Some common endorsements for tenant insurance in Calgary include earthquake, sewer backup coverage, and water damage. Talk to your insurance company about which endorsements may be beneficial for your policy.

Sewer backup coverage protects you in the event of damage caused by a backup or overflow of water from your sewer system. Water damage coverage, on the other hand, covers damages caused by other sources such as burst pipes or flooding from natural disasters. Both coverages are important to have for full protection against unexpected events.