With more than 1.3 million people in Calgary proper, the largest city in Alberta is a hotbed for growth and immigration. As the city grows, more and more people are planting roots – either through home ownership or rent. As a renter living in Calgary, you should consider purchasing tenant insurance to protect your belongings in case you lose them due to theft, fire, flooding or some other calamity. If you’ve decided against purchasing tenant insurance, make sure it’s not because of these common tenant insurance myths.
Tenant insurance in Calgary will cover the following:
You can always build on top of your regular tenant insurance coverage to protect yourself further. Here are some add-on options to consider:
Tenant insurance is not legally mandatory in Calgary. However, it does provide peace of mind should an accident, damage or theft occur.
In addition, some landlords require new tenants to take out insurance as part of their lease agreements.
For more information, check out our complete guide for renters in Alberta.
Get multiple tenant insurance quotes in the time it takes to get just one.
Start with your postal code to begin.
Tell us about your apartment and personal belongings.
Compare tenant insurance coverage and quotes from 50+ insurance companies.
Pick the tenant insurance policy and company that's right for you.
The average premium for tenant insurance in Calgary is $213 per year or roughly $18 per month. That is 2.4% below the annual Alberta average of $218, according to RATESDOTCA Insuramap.
Tenant insurance premiums differ per renter based on multiple factors, including the following:
Still got questions about tenant insurance in Calgary? We’ve got them answered here.
Finding the cheapest tenant insurance quotes in Calgary starts with comparison sites like InsuranceHotline.com. Simply plug in your insurance needs and location and we’ll do the rest. You’ll get a list of cheap rates from the top providers in your area.
You might also consider bundling your other insurance services with tenant insurance to secure a discount from your provider. Things like increasing your deductible, and having few or no claims, can help reduce your Calgary tenant insurance premiums.
Calgary is a large metropolitan city. Unfortunately, that comes with theft and break-ins, something that increases as more people move into the area.
Also, according to Calgary’s 2022 Disaster Risk Report, one out of seven catastrophic loss events in Canada since 2010 has impacted Calgary, and 50% of the events with more than $500 million in insured losses that have occurred in Canada this century has impacted Calgary.
Calgary faces many winter storm hazards, such as blizzards and high winds. These events can damage property or structures, leading to greater risks of loss. Also, large amounts of snow can cause flooding in the spring, which can also be a problem, especially for people renting on lower floors, or those closer to the roofs of their buildings.
It depends on you. Some tenants move into rental units already furnished with appliances. In those cases, the appliances should be insured by the landlord and will need to be repaired or replaced by them in the event something goes wrong.
However, if you own your appliances, your Calgary tenant insurance should cover them as part of the contents of your unit. They may also be under warrantee if they are relatively new.
It’s important to keep a list of your personal items with receipts, if you have them, and photos. It makes the adjuster’s job easier. When a claim is necessary, contact your Calgary tenant insurance provider as soon as possible with your list of items. This can be done by phone or sometimes online.