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Compare and purchase the best
tenant insurance rates in Newfoundland.

Compare and purchase the best
tenant insurance
rates in Newfoundland.

Get free & accurate quotes from Canada’s top tenant insurance providers.
In just a few minutes, our quoter can unlock discounts that can have
you saving hundreds of dollars a year on average.
Get free & accurate quotes from Canada’s top tenant insurance providers. In just a few minutes, our quoter can unlock discounts that can have you saving hundreds of dollars a year on average.
Type of Coverage We Provide
Liability Coverage
Liability Coverage
Provides protection against a lawsuit resulting from damaged property or personal injuries.
Deductible
Deductible
A predetermined amount of money that you must pay towards the cost of the claim. Home insurance has different deductibles for different coverage.
Claims Forgiveness
Claims Forgiveness
This allows for the protection of your “claims free discount” in the event of your first claim.
Scheduled Items
Scheduled Items
Referring to 'special limits' on items like jewellery or art if the value is greater than the special limit you should list the item separately.
Comprehensive Insurance Coverage
Comprehensive Insurance Coverage
When you purchase comprehensive home coverage, it means you are covered for anything that is not excluded.
Replacement Cost
Replacement Cost
Actual cash value policies are based on the items' depreciated value while replacement cost coverage does not account for depreciation
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Newfoundland tenant insurance rates vs. other provinces

Newfoundland has affordable tenant insurance considering the weather, and insurance risks Newfoundland typically sees. Looking to save some money? Start a free quote with us now to find out how much you could save!

Province

Average Rates

Newfoundland & Labrador  

$399

Alberta  

$466

British Columbia 

$397

Manitoba  

$503

New Brunswick  

$500

Nova Scotia  

$423

Northwest Territories 

$416

Nunavut 

$402

Ontario  

$478

Prince Edward Island  

$385

Saskatchewan  

$410

Yukon  

$370

See how our customers save big on tenant insurance

At Surex, we’re dedicated to helping you find the right insurance for the best price. We do all the heavy lifting for you, so you can be sure you’re getting the lowest possible rate. Check out how we’ve helped these NFLD renters save on tenant insurance.

Customer

City

Type

Average Quote

Purchased Quote

Savings

Mark Von

St. John's

Tenant

$639.00

$485.00

$154.00

Chantel

St. John's

Tenant

$850.00

$668.00

$182.00

Luke

Channel-Port-Aux-Basques

Tenant

$801.00

$682.00

$119.00

Tenant Insurance in Newfoundland

Tenant insurance in Newfoundland (also called renters’ insurance) is meant for people who rent the place where they live, whether home, condo, or apartment. It provides coverage against common risks like theft, fire damage, and personal injury that occurs on the property.

Insurance is necessary because a landlord’s home insurance policy won’t cover these perils on behalf of the renter. You want to be covered in case something happens to your home or your belongings.

Tenant insurance is not mandatory at the provincial level, however, it is highly recommended to protect your personal belongings and have peace of mind.

Also, many property managers won’t lease their units without tenant insurance coverage. Renters in Newfoundland can expect to get a personal insurance policy quote as part of renting.

The following things are generally covered by the best tenant insurance Alberta:

  1. Contents

If your belongings are damaged or stolen while in your rental property, tenant's insurance in Alberta will help cover the cost of replacement or repair.  

This is among the most important aspects of tenant's insurance since most people don’t have the money to replace thousands of dollars in lost items out-of-pocket.

  1. Liability

If an accident on your property causes financial harm to a third party, tenant’s insurance with personal liability coverage can help cover lawsuit and settlement costs. 

For example, if a guest slips, falls, and injures themselves on a wet floor in an apartment you’re renting, your insurance policy will shield you from the financial fallout of a potential lawsuit.

  1. Relocation cost reimbursement

If the property you’re renting is rendered uninhabitable, tenant insurance will help shoulder the costs of relocating, and your living expenses.

For example, if you’re forced to stay at a hotel for a few weeks because your rental apartment flooded, tenant insurance may help with your hotel bill along with the cost of purchasing meals and other living expenses.

Tenant insurance in Alberta typically won’t cover replacement costs above a certain amount for extraordinarily expensive items (i.e. jewelry). To make sure you’re covered for the items that matter most to you, it’s important that you read the policy thoroughly. The best insurance broker can help you find the exact policy you need.

Depends on where you reside, the value of your total contents, your liability limits.  For instance, for the best tenant insurance in Vancouver, policies normally start at $300/yr and increase as the content values and liability limits increase. That being said, the price of your tenant insurance will also depend on who provides your coverage. This is why you should always compare insurance companies with a reputable insurance brokerage, like Surex.

The cheapest tenant insurance provider depends on how your situation fits into the formula companies create to evaluate policyholders. For example, some insurance companies might weigh your age more heavily than others. This is why it’s a good idea to compare insurance companies with Surex. The cheapest online insurance provider isn’t always evident.

Any Personal Lines insurance provider can offer a tenant insurance policy.  If you contact the best insurance broker channel they can provide you with more than just one option, so you find the best tenant insurance in Vancouver or anywhere else in NFLD.

Tenant insurance is rated based on the type of unit you rent, number of tenants in the unit, value of your contents, physical location of the unit, prior tenant or home claims in the past under your name.

No. If you rent the unit you live in you only require tenant insurance which is often more affordable than home insurance. You want to be properly insured, and the best tenant insurance Alberta has to offer will do that for renters.

The law does permit landlords to include an insurance policy as a lease requirement. Many landlords do so as a tenant’s policy serves to reduce their overall risk.

You’ll need to provide basic information about yourself and the property you’re renting if you want to get insurance online over over the phone, including:

  • The address
  • The cumulative value of your personal property
  • Who else will be occupying the rental property (you want to make sure that all renters are covered under their own policies.

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How It works

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Why Surex?

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Advisors
Advisors

We’ll match you with a dedicated insurance advisor who can walk you through your options, answer your questions, and help you find the right coverage at the best price.

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