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Kanata Tenant Insurance Broker

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Kanata Tenant Insurance Broker

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Affordable Renters Insurance Kanata

Kanata has close to 6,000 renters who enjoy living in this suburban area, 26 km south of Ottawa. If you’re a renter, are you protecting your belongings and yourself from damages and losses with a comprehensive renter’s insurance policy? Find out how and why you need adequate coverage. We provide you with competitive rates.

How much will it cost for Tenant Insurance in Kanata?

It’s pricey to own a home In Kanata. Renters have the benefit of living in communities like Beaverbrook in the North or Monahan Landing in the South without paying a mortgage. Renters insurance is on average $20 a month in this high-tech city.

Do I need renter’s insurance if my personal items are not valuable?

Yes, it’s important to have adequate tenant insurance in the face of a loss, like a fire or theft, even if your personal items aren’t pricey. You’d be surprised how much money you’d have to spend to replace all of your belongings. If you’re a student, think about the cost of your textbooks if you had to replace them all, or your TV that you can’t live without. Add up all your personal items in case you do have a loss, so you’re prepared if it happens.

What Factors Affect the Cost of Tenant Insurance?

There are many elements that could impact your tenant insurance rate in Kanata. If you’re searching for the cheapest rate, check out our list below as a guideline to change your rate.

5 top factors that affect your insurance rate:
  1. Deductible: Find a balance between setting the ideal deductible amount and your monthly insurance rate. If your deductible is higher, your insurance rate will be on the lower side.
  2. Where you live: Tenant insurance rates can vary considerably from one neighborhood to the next. High claim or crime rates will affect your rates. Do your homework or ask our broker for advice.
  3. Your contents: The insurance coverage options you need often depends on your personal belongings and their estimated worth. If you have a rare collection of miniature cars, you may want to take out a special content limit under your policy.
  4. Age/condition of building/home: if the home, condo, or apartment you’re renting has a shabby roof and the electrical wires are outdated, then your premium will be high. Living in an older building or home increases your risk, so your rate will reflect that fact.
  5. Your financial picture: Missed payments or policy cancellations will be treated as high risk by your insurer. If this is your situation, you’re more of a risk and your insurance rate will increase.

Do I Need Tenant Insurance in Kanata?

Renters imagine their landlord’s home insurance policy will cover them for any losses that occur. It may be an expensive surprise, as your landlord only covers the building or the home’s physical damage. Anything else (I.e. your clothes, electronics) will be your responsibility. Also, if a visitor hurts themselves or their belongings are damaged, you could be sued. Why take the chance of losing money? Find the best insurance package possible to keep your peace of mind.

Did you know?

As a renter, you’re required to purchase a separate tenant insurance policy. Your personal belongings are not protected from fire, water damage, or other loss under your landlord’s insurance policy

How to Get the Cheapest Tenant Insurance Rates

While we can’t predict how much your personal belongings are worth, we can give you awesome customer service to help you find the right insurance policy to fit your needs and lifestyle. We always encourage renters to read our tips to get the lowest rate possible.

3 Tips to Lower your Tenant Insurance Rates:
  1. Bundle & Save: you can save up to 10% on your insurance policy if you combine your car and tenant insurance policy. One insurance provider and one bill. It’s easy.
  2. Discounts: if you’ve been claims-free for years or your annual fee once a year, you’ll qualify for a discount. Another discount applies if you’re a loyal customer with your insurer.
  3. Shop Around: it’s always a great idea to compare insurer’s quotes. We provide you with access to our insurance company partners. You’ll get to choose from a wide range of rate that suit you.

What Does Renters Insurance Cover?

The amount of insurance protection you require depends on the value of your personal items. Shrewd renters will take inventory of their items, from their clothes to their electronics. Write it down and put a value to each item.

Coverage on a Renters Insurance Policy:

Your belongings: protect your belongings from damage due to a fire, theft, or flood with ample coverage.

Personal Liability: this type of coverage protects you financially if a visitor slips and falls in your kitchen and they sue you or if their belongings were damaged unintentionally. Lawyer fees can add up quickly.

Additional Living Expenses (also called Loss of Use): if there is water damage in your unit or basement apartment, you’ll have to temporarily live elsewhere when the homeowner repairs or fixes the home. You’ll be covered for expenses, such as renting another home or apartment, and food.

What are the different Levels of Tenant Coverage

As a renter, you have a wide range of coverages to choose from; this will determine the price you pay. An all perils coverage, for example, is often the most expensive coverage but you won’t be out-of-pocket when something unexpected occurs. Let’s go over the basics.

3 Types of Tenant Coverage

this coverage will offer you the most protection for your belongings.


this covers your rented condo, apartment, or home for comprehensive perils. Only named perils protection for your contents.

Named Perils or Basic:

your protection includes specific perils that are covered on your renters insurance policy.

Did you know?

After a loss, your insurer can decide if an item will be replaced or repaired. This will also depend on your policy coverage and the type of insurance coverage you have.

What Perils are covered under Tenant Insurance?

First off, what’s a peril? A peril is an event that causes damage, such as a fire, smoke, theft, break-in, or water damage. There are three categories of perils, including natural, economical, and human perils. A specified peril is a peril that is described in your individual policy.

What Is Not Covered under Tenant Insurance in Kanata?

Like a homeowner, a renter must maintain their surroundings. Even though you’re not responsible for the home or building’s structure, if you leave your faucet running overnight and cause a flood or you don’t clean, and mold develops – you’ll have to pay for repairs. Here are a few examples of circumstances that are not covered under a standard tenant policy.

  • Mold
  • Wear and Tear
  • Damage caused by insects (e.g. bed bugs)
  • Water damage caused by frozen pipes while away
  • Your home is vacant for more than 30 days in a row

Did you know?

Renters insurance won’t cover the cost to replace your personal things due to an insect infestation, such as bed bugs.

What is Optional Renters Insurance Coverage?

Beyond the basic insurance coverage, you can choose additional protection for yourself and your belongings.

4 Optional Coverages:
Water Damage

If you don’t have any insurance coverage as a tenant, you’ll still be covered by basic water protection. But this doesn’t include sewer back-up and overland water damage. These two types of coverage you’ll need to include on your renter’s insurance policy.

Overland Coverage

Overland coverage is water damage that occurs when water enters your room or unit from an overflow of a body of water or a torrential rainfall. Ask your insurance company if they offer a package that includes sewer backup and overland water coverage.

Identity Theft

It’s become easier for someone to steal your identity. This could include stealing your PIN number and withdrawing money or hacking a personal account. Identity theft can happen to anyone; having it will make for peace of mind.


Kanata is not an earthquake-prone zone; it may not be prudent to pay for this additional coverage. But this policy add-on will help pay for your belongings after an earth movement that causes damage to your belongings.

What are my Loss Settlement Options?

How do you know how much money you’ll get back from your insurance company after a theft or fire? These perils occur every day. Loss settlement options determine how much money you’ll get reimbursed after an insured loss. There are 2 options to choose from:

Replacement Cost:

is the amount of money your insurer will pay you after a loss. This value will match the price you paid for the original item. For example, if you select replacement cost for your TV set and it’s damaged in a fire, you’ll receive the price you paid for it.

Actual Cash Value:

is the money your insurance company will offer you for your personal items “as is” after a loss, after depreciation.