Tenant insurance from $15/month

If you rent your home, you may be wondering why you need tenant insurance. The simplest answer is going without home insurance can prove to be extremely risky. While you may not think you have a lot of property to protect, it’s surprising how quickly it adds up when you consider all your possessions. And, protecting yourself against lawsuits for accidentally injuring others is just as important as protecting your property. Why risk going without tenant insurance when policies from Square One start at $15/month?

To see how much you can save with Square One tenant insurance, get an online quote now. Or, call 1.855.331.6933 to get a phone quote. Either way, it only takes 15 minutes to get a personalized quote.

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Learn about Square One tenant insurance

Before reviewing your coverage and deductible options, it’s important you know that Square One offers a comprehensive policy. That means it insures against all types of loss except for what’s specifically excluded. The most common exclusions include war, terrorism and overland flood. Although overland flood is excluded by most home insurance providers in Canada, our policy protects against water and sewer backup damage. And, our policy automatically includes earthquake protection.

To review your coverage and deductible options, click on the tab to view that section.

Core covers

The most common tenant insurance covers are listed below. For each of these covers, we’ll help you determine what limit of insurance is right for you. Unlike our competitors, we don’t force you to buy protection you don’t need.

  • Personal property: Protects all the “moveable” property you own except some types of specialty property for which you can buy additional coverage. More information on specialty property is provided below.
  • Additional living expenses: Protects against increases in living expenses you incur because your home can’t be lived in. This could be as a result of damage to your home from an insured loss, or an order to evacuate your home due to a sudden and accidental event.
  • Personal and premises liability: Protects you against amounts you are legally responsible to pay because you unintentionally injure someone else or damage their property.

Specialty property covers

Traditional tenant insurance policies include $6,000 of coverage for fur coats. Don’t own any furs? With Square One, you choose what specialty property you want to insure so you only pay for what you need. Choose from the following categories of specialty property:

  • Bicycles and sporting equipment
  • Business property
  • China, silverware and furs
  • Fine art, collectibles and oriental rugs
  • Jewellery and watches
  • Musical instruments
  • Watercraft

Optional covers

You may also want to add the following optional covers to your Square One tenant insurance policy:


Select the deductibles that fit your individual risk profile and budget. The higher the deductible you select, the lower the premium you pay on your tenant insurance.

  • Standard policy deductible: This deductible applies to all types of losses unless otherwise noted below. Depending on eligibility, standard deductible options range from $500 to $5,000.
  • Earthquake deductible: You get to choose from a few different earthquake deductible options. The options are based on a percentage of the total limit of property covers under your tenant insurance policy.
  • Sewer backup deductible: Depending on the type of home and where it’s located, a sewer backup deductible may apply. This deductible may range from $2,500 to $25,000.

Loss types

With Square One, you get a comprehensive policy. That means you’re protected against all types of losses unless they are specifically excluded. For example, loss or damage due to floods, acts of terrorism, and war are excluded from virtually all policies. (Flood insurance is not available in Canada; instead, the provincial and federal governments offer disaster financial assistance programs.)

Where other providers require you to specifically add and pay extra for critical protection you need, we include it automatically. For example, your Square One tenant insurance policy automatically includes:

For complete details on what is and isn’t covered under your tenant insurance policy, please refer to your policy wordings or speak with one of our licensed agents by calling 1.855.331.6933.


Review policy wordings

To better understand what is and isn’t covered under our policy, download and review our sample policy wordings.

When you buy from us, a personalized policy document will be prepared for you. This document includes the limits and deductibles you’ve selected, and those sections for the wordings that apply to you.

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Get a quote now and save on your home insurance

To see how much you can save on your home insurance, get an online quote now. Or, call 1.855.331.6933 for a phone quote. We're open [constant name="office-hours"], Monday to Saturday. It only takes 15 minutes to get a quote.

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