As a renter, you’re responsible for the things you own, and your landlord is responsible for the things they own, right?
It’s often not quite so simple. If a tenant damages their landlord’s property—even by accident—there are many scenarios in which the landlord would require the tenant pay for repairs. To make it more complicated, many forms of damage are not covered by either tenant or landlord insurance. That leaves it to the tenant and the landlord to resolve the situation on their own—a recipe for unpleasantness (or at least for the tenant losing their security deposit).
That’s why Square One offers tenant’s protection coverage as an optional add-on to our tenant insurance policies.
Keep reading to learn all about it.
What is tenant’s protection coverage? |
Tenant’s protection coverage is a unique insurance option that helps both tenants and landlords. It protects against sudden and unintentional damage that tenants cause to the property they’re renting. It also grants landlords the option to submit a claim for that damage against their tenant’s policy and receive payment directly. Typically, tenant insurance policies don’t cover damage to the landlord’s property unless the tenant’s liability can be clearly proven. And even then, coverage is often limited to fire- or water-related damage. With tenant’s protection coverage, tenants can rest assured knowing they won’t be out-of-pocket for damage they accidentally cause to their landlord’s property. That includes dropping a heavy pan on a glass-top stove, finding the kids have covered the walls in permanent marker, or all sorts of other accidental, unpredictable damage. |
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How does tenant’s protection work? |
Normally, if a tenant accidentally damages their landlord’s property, there are few insurance options available to cover the cost of repairs. No insurance coverage means the landlord will make the tenant pay, or forfeit their damage deposit. With tenant’s protection coverage, the landlord can submit a claim against their tenant’s insurance policy. If the claim is covered, the tenant will only have to pay their deductible, and the policy will cover the remaining repair cost. The best part? Unlike most insurance claims, submitting a claim under tenant’s protection coverage will not affect the tenant’s nor the landlord’s insurance premiums with Square One. It also has no effect on future insurance renewals or applications with us. This is replacement cost coverage, meaning that it will cover the cost of replacing damaged property with brand-new property of similar kind and quality. That includes installation costs—which can be significant, depending on the nature of the repairs. |
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How much does tenant’s protection cost? |
Tenant’s protection coverage is an optional add-on to tenant insurance policies, and costs as little as $2.50/month. Coverage limits start at $5,000, but you can choose a higher limit of coverage for greater protection—all the way up to $50,000. |
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What is the deductible for tenant’s protection coverage? |
Regardless of your chosen coverage limit, tenant’s protection includes a very low $250 deductible (separate from the standard policy deductible). Interested? Get started on a tenant insurance quote by entering your address below. |
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It was easy and straightforward to purchase the condo insurance with Square One online. There were lots of options to choose from, including deductibles, and the wording was clear. I was able to change the options, and get quotes for each saved and e-mailed to me for consideration. An amazingly low price too.
Great service, easy process, and very professional team. I'm completely satisfied and highly recommend Square One.
Sarah made the process very clear from the beginning and continued to follow through with us until our window replacement was completed. Sarah then made certain that the cost of our repair was paid quickly to us. Can't ask more of Sarah nor our insurance provider.
I cannot believe how quick and easy it was to get a quote and a new car policy online. I attempted to get a phone quote from another company that I've dealt with for several years, which literally took 4 hours, and I still didn't end up getting a policy. Then, I remembered that I had an existing home policy with Square One. I went online and in less than 15 minutes, I got a new car insurance policy. Absolutely wild!!!
The process was incredibly smooth and fast. I was able to get a quote, purchase my policy, and receive my temporary pink card all within minutes. Everything was clear, well-explained, and hassle-free. Square One made it easy and stress-free to get insured, especially when I needed coverage quickly. Highly recommend for anyone looking for a quick, reliable service with excellent support.
I just insured with Square One, and the major difference is that they make it so easy to do online. The process is accessible, clear, and comprehensive. In a world where admin is so onerous, this was refreshing and so welcome!
I don’t typically write reviews, but on this occasion, I have to admit that it is with great pleasure that I write a positive review on the experience I had with Square One and Sam Seha (building adjuster). The heavy wind in the Niagara region literally blew the shingles off the roof of my house. I submitted a claim on May 20, and 8 days later, all has been resolved. Quite impressive to say the least.
I can’t say enough good things about Square One. From the moment I signed up, their team was incredibly helpful, guiding me through the process with clear explanations and no pressure. The coverage options are flexible and affordable, perfectly tailored to my needs. Their customer service is top-notch, always friendly, and ready to answer any questions. I feel confident knowing I’m protected by a company that truly cares about its customers. I highly recommend Square One to anyone looking for reliable car insurance!
I've had a great experience with my insurance agent, Rebecca. The process was smooth from the very beginning — clear communication, quick responses, and genuinely helpful support. She made it easy to understand my coverage and always took the time to answer my questions without rushing. Reliable, trustworthy, and client-focused — I would definitely recommend them to anyone looking for solid car insurance and great advice!
By far the best insurance provider I have dealt with. I am so glad to have found Square One and to be a client. Today, I dealt with Himalee Jayasooriya by telephone and she was so knowledgeable, pleasant, and helpful. This meant a lot to me being a senior, and she easily and quickly expedited all my car insurance needs. No nonsense, just great service and a great product.