Tenant insurance in Montreal

Tenant insurance is for people who rent where they live, be it an apartment, a condo or a house.

Renters insurance covers two main things:

1. Your personal property
2. Your liability

Most landlords require tenants to carry liability insurance. If you (the renter) cause damage to the building, the property owner (landlord) wants recourse.

Here’s a great KBD blog explaining the benefits of having apartment insurance in Montreal.

The entire A – Z process will take you under 30 minutes.

Start by getting a renters insurance quote.

You can get a quote by either calling an insurance company directly or completing one online.

KBD provides quotes with 3 apartment insurance companies:

• Intact
• Economical
• L’Unique

Once you receive your quote, have your banking information on hand and finalize with an insurance professional 🙂

Here are some companies that offer tenant insurance in Montreal over the phone and / or online:

• Intact
• Belair
• Desjardins
• All-State
• Promutuel
• La Personnelle
• La Capital
• SSQ
• Wawanesa
• KBD

There are 4 ways to bring down your Montreal renters insurance cost:

1. Avoid making small claims – If you’ve made 3 or more claims within 5 years, you’ll have a difficult time finding affordable tenant insurance in Montreal.
2. Raise your deductible – The more you’re willing to pay out of pocket to have repairs done, the less you’ll pay.
3. Bundle your tenant & car insurance – Companies offer significant savings when you combine your car and residential insurance.
4. Buy a basic coverage policy – When you spend less, you get less, so enjoy the savings but be aware of the coverage and protections you’re missing out on with bare minimum protection.

Yes, it’s included automatically.

Liability protects you in the event you cause property damage or bodily injury to a third party.

We suggest purchasing $2 million in coverage for your Montreal renters insurance policy.

Renters insurance and tenant insurance are the exact same thing! The terms can be used interchangeably.

Finding quotes is easier than you think.

There are two ways you can get a quote: over the phone or online.

Once you find a renters insurance quote online that meets your budget, make sure the insurance professional sends you and/or your landlord a confirmation document by email.

Yes. Click the “quote online” button and answer a few questions about yourself and your apartment to find the policy that’s right for you.

It only takes 3 – 5 minutes to get a price and another 5 – 10 minutes to review with a broker over the phone.

Yes! Every rental insurance policy has 2 components:

1. Your contents (personal belongings, furniture, jewelry, etc.)
2. Civil Liability (damage you or your property can cause to others)

When it comes to your personal belongings, your renters insurance contract protects you mainly from fire and theft.

What most people don’t realize is that this coverage can extend beyond your place of living.

Example: Someone breaks into your car and steals your laptop. Contrary to popular belief, this would NOT be covered under your car insurance, but rather your tenant policy.

Yes. Insurance companies calculate their premiums based on statistics and probabilities. If a certain postal code has more fires or thefts in comparison to another, the rate will be higher.