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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Don’t just take our word for it. Here are some of the reviews that contribute to our average rating of 4.8 stars out of 5. Want to read more? Visit our reviews page.
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.
I completed the comprehensive online application for only home insurance as I do not drive. It took a while covering pretty much everything I could think of. The given price of the premium was almost unbelievable. So much so, that I felt I needed to follow up with a phone call. I spoke with a rep that was very knowledgeable, and helped me along with reasonable suggestions and provided recommendations, ensuring the apples to apples coverage. I was extremely pleased with the price of the premium that was a staggering $748 less than my current insurance provider! Thanks so much Square One!
I recently purchased condo insurance from Square One online, and the experience was fantastic. The process was straightforward, user-friendly, and incredibly efficient. The ability to customize my coverage and get everything done quickly without hassle was a big plus. Highly recommend to anyone looking for a smooth and transparent insurance buying experience!
This was the smoothest online buying experience I have ever had. Before Square One came to my attention, I suffered through a number of long-winded and frustrating review processes with other brand name insurers, only to be informed at the end of the process that they do not provide short-term renters insurance! Square One not only provides very cost-effective coverage, but the process was exceptionally painless. Highly recommended!
These guys are terrific! The entire online experience of purchasing was the easiest ever, and they blow the 'big guys' out of the water! The customer reps are exceptionally friendly, kind, and patient... I can't even begin to tell you. I also dealt with Rachel LaHay... she was outstanding and deserves a raise, recognition, and promotion. Not to mention, Square One is the cheapest quote I saw anywhere in Toronto. Thanks guys!
This entire process was the most painless I've experienced while getting auto insurance. The two folks I spoke with, Eran and Stephanie were delightful and absolutely helpful. 10/10 would do it again.
I was hesitant at first but once I got to the end, I realized that I could play around with deductibles and add or take away things I don’t need right now. I felt much better and my quote went down a couple hundred a year. I also really liked the fact that I didn’t have to talk to anyone or wait for a phone call. Once I was happy with my quote and ready to “sign on the dotted line” I clicked the button, paid the fee, and I’m done! Thanks for making it so easy!! :)
Eran Azan was the most helpful, friendly, and knowledgeable. He provided clear, thorough answers to all of my questions and concerns. Very assuring of all of the features of Square One, and is even going over the top - investigating a unique situation I have. I did not feel rushed or that any of my questions were not worthy. Eran made the whole experience feel incredibly empowering. Square One certainly is a competitor in the market of house insurance and I feel very confident with this coverage. Thank you so much, Eran, for such a pleasant call.