Find Great Rates on Tenant/Renters Insurance!
Receive a tenant insurance quote for your place + connect with your own dedicated Insurance Advisor who can help you choose the best options for your needs. Surex will help you save, no matter what type of property you’re renting.
Nova Scotia is one of Canada's most beautiful eastern provinces with the mainland surrounded by the Atlantic Ocean. Naturally, the economy, history and identity are inherently tied to the water, making it the way of life for many locals. This Atlantic province boasts a rich maritime history and is a great place to live and raise a family. There are beautiful seaside villages, picturesque lighthouses, fresh seafood and great Celtic tunes to enjoy. Halifax, the capital city, is one of Canada's oldest cities and is home to many museums, as well as Dalhousie University. It offers big city amenities with old-school charm. The top 5 cities to live in Nova Scotia are Halifax, Cape Breton, New Glasgow, West Hants, and Truro!
No matter where you live in Nova Scotia if you’re renting a house, apartment, condo, or basement, you’ll want to have tenant/renters insurance to make sure you are covered. Tenant insurance is for protecting all your things that your landlord’s building and property insurance do not cover. Buying the right insurance is an important step in taking care of your belongings. Tenant insurance provides you with protection against liability. We know this all sounds a bit complicated, that's why Surex gives you a Dedicated Insurance Advisor to help you along the way.
Tenant Insurance In Nova Scotia:
A licensed insurance advisor can offer tenant insurance in Nova Scotia. If you contact the broker channel they can provide you with more than one option, so you can see comparables in price and coverage!
Tenant insurance in Nova Scotia (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.
Renters insurance is necessary because a landlord’s home insurance policy won’t cover these perils on behalf of the renter.
No, tenant insurance is not mandatory at the provincial level. However, many property managers won’t lease their units without renters insurance coverage in place.
As a result, you typically need tenant insurance.
Renters insurance generally covers three main things.
If your personal property is damaged or stolen while in your rental property, tenant insurance in Nova Scotia will help cover the cost of replacement or repair.
This is among the most important aspects of renters insurance since most people don’t have the money to replace thousands of dollars in lost items out-of-pocket.
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, tenant insurance will shield you from the financial fallout of a potential lawsuit.
Relocation cost reimbursement
If the property you’re renting is rendered uninhabitable, tenant insurance will help shoulder the costs of relocating.
For example, if you’re forced to stay at a hotel for a few weeks because your rental apartment flooded, renters insurance may help with your hotel bill along with the cost of purchasing meals and other living expenses.
Tenant insurance in Nova Scotia 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. Your Surex broker can help you find the exact policy you need.
Have Questions? We've got answers:
This depends on where you reside, the value of your total contents, your liability limits. Policies normally start at $300/yr and increase as the content values and liability limits increase.
The cheapest renters insurance provider depends on how your situation fits into the formula companies create to evaluate policyholders. For example, one insurer might weigh your age more heavily than another. This is why it’s a good idea to compare rates from various insurers with Surex. The cheapest tenant insurance provider isn’t always evident.
Tenant insurance in Nova Scotia typically renews automatically each year. You’ll receive new policy documents detailing any changes to your premium and confirming your coverage. Keep in mind that you do have the option to switch policies before your existing one renews.
Tenant insurance is rated based on the type of unit you rent, the number of tenants in the unit, the value of your contents, the physical location of the unit, prior renter or home claims in the past under your name.
You can also look into reducing your rate by bundling home insurance coverage with renters insurance.
No. If you rent the unit you live in you only require renters insurance which is often more affordable than home insurance. You want to be properly insured, and renters insurance will do that for renters.
You can contact your assigned broker/advisor or contact the insurance company directly. Make sure you have your policy # and details of the claim prepare when you call.
Many policies hover around the $20 to $30 range. Since there’s no minimum coverage requirement, you can achieve lower rates by purchasing only the coverage you need.
The law does permit landlords to include renters insurance coverage as a lease requirement. Many landlords in Nova Scotia do so as a renters policy serves to reduce their overall risk.
You’ll need to provide basic information about yourself and the property you’re renting, including:
- The address
- Your belongings’ cumulative value
- Who else will be occupying the rental property