Tenant/Renters Insurance Timmins


Timmins is a city located on the Mattagami River in northern Ontario, Canada. With a population of just over 42,000, the city is the fourth biggest in the Northeastern Ontario area (2021). MacLean’s lists Timmins as one of the best Canadian cities to live in and says the best feature is internet access, followed by the affordability and amenities.

Are you a resident of Timmins and looking for the best tenant insurance coverage? PAIB Insurance brokers are always available to answer your questions and help you make the best choices possible.

Let PAIB Insurance get the best deal for you. Call us today at 1-844-360-5300!

Table of Contents

  1. Tenant Insurance: Definition
  2. Four major aspects that most rental insurance policies cover
  3. Four factors that determine a renters insurance rate
  4. Four reasons to choose PAIB Insurance for tenant or renters insurance
  5. Tenant or Renters Insurance FAQ

Tenant Insurance: Definition

Tenant or renters Insurance protects you financially in the event of insured damage or loss to your rental property’s furnishings, clothing, and other personal belongings.

Your home, whether it’s rented or owned, is important to you. It is here that you spend time with your loved ones, entertain friends, and relax at the end of the day. Your home is filled with possessions you love which is why you should have them insured should the worst happen. Without tenant insurance, replacing all of your belongings could set you back thousands of dollars! PAIB Insurance can assist you with the right amount of coverage for your specific needs and lifestyle.

Four Major Aspects That Most Rental Insurance Policies Cover


  1. Most rental insurance plans cover your personal items in the event of theft or accidental damage to them. Rental insurance policies often cover your couch, TV, phone, and computer, as well as your bed and refrigerator. A wide range of catastrophes, such as burglary, fire, leaky pipes, and smoke damage, is covered by most tenant/renter’s insurance.
  2. Renter’s insurance can cover damages or injuries that occur to someone else on your property. Rental insurance may cover losses caused to a neighbouring apartment due to your home’s fire or damaged pipes. It should also cover medical expenses if someone falls or is bitten by a pet in your unit (and your legal expenses in the case of a lawsuit). Most renter’s plans do not cover medical expenditures for you or anybody else living on your property, so keep that in mind.
  3. If your home or apartment is getting repaired, you may have to find a place to live during the renovations. If this is the case, your renter’s insurance coverage may cover the cost of your accommodations and restaurant bills. A surprising benefit of renter’s insurance is that it can be included in your claim if someone else’s property was inside your house when a covered event takes place. For example, if your friend’s computer was destroyed in a fire that broke out in your home, your insurer would allow you to include it in your claim, even if the item did not belong to you.
  4. Some policies even let you claim the contents of your refrigerator if it breaks and everything inside is spoiled. If your wallet is stolen, you may be entitled to file a claim for any financial damages that result from the theft.
  5. Even belongings stored in a storage shed or in your car may be covered by some renter’s insurance plans.

If you have any questions concerning tenant insurance, please do not hesitate to contact PAIB insurance.

Four Factors That Determine A Renter’s Insurance Rate


While the average rate of renters insurance varies according to a variety of factors, the following are important features that insurance companies consider when determining your renter’s insurance rate:


The location of the rental property such as neighborhood, province, and postal code.


The type of coverage you select and the extent to which your insurance will cover personal property and liability.


The amount of money you choose to pay out of your pocket will affect the premium you pay for renters insurance.

Insurance policies in bundles

PAIB Insurance offers a number of multi-policy discount options. Bundling your vehicle and renters insurance with the same insurance provider may result in a reduction in your insurance rate.

Four Reasons to Choose PAIB Insurance for Tenant or Renters Insurance


We are not just a ‘Middle Man’

Customers view insurance brokers as the middle man and sometimes an unnecessary addition to the process. While it may seem like purchasing insurance directly from an insurance company may be cheaper and less time-consuming, this is very rarely the case.

Only an experienced insurance brokerage like PAIB Insurance can help you get the most affordable insurance in a fast and stress-free manner. We guarantee that you are matched with the ideal policy and right coverage for your specific needs.

Save Money Save Time

Working with an insurance broker can actually save you money. PAIB insurance, with our years of experience, has trusted connections with dozens of insurance companies. This not only provides our clients with access to the greatest coverage options but also often results in lower rates.

An insurance company often offers discounted pricing to brokers because it poses less risk to their company, as the broker is trained to choose the right coverage for their client.

No Unpleasant Surprises

Insurance is a complicated subject. Even if you are very comfortable with the lingo, education and years of experience in the industry cannot be substituted. By working with a broker to select your insurance plans you can avoid any unpleasant surprises. Your PAIB broker will work closely with you to clarify the terms of each policy, ensuring that you understand your coverage better. When you are injured or if any issue arises, we will contact the insurer on your behalf, sparing you the headache of resolving confusing claims or concerns.

All your policies in one place

The most important reason to choose an insurance broker like PAIB Insurance over buying directly from an insurance company is your peace of mind. You’ll be at ease knowing that your insurance policies protect you, your family, and your property under one umbrella. By partnering with PAIB Insurance you can be certain that you have the right policy in place to cover potential issues with your business, house, or car. We can assess your situation in great detail, making sure you’ve got the right policy that will protect you and your loved ones.

As a renter, one of your biggest concerns is figuring out what kind of coverage is right for you. Our team of professional brokers at PAIB Insurance can assist you in ensuring that your rental property is rightly insured to protect your personal property and save you from any liability.

Tenant or Renters Insurance FAQ

Questions about tenants insurance? These are the frequently asked questions that we receive from our renters insurance clients. If you have a question that is not answered below, please reach out to PAIB Insurance and we will happily get you the information you are looking for.

Is renters insurance required in Timmins, Canada?

What is included in the landlord’s insurance?

Does the landlord’s insurance policy cover the personal belongings of a tenant?

What coverage options are available for tenant or renters insurance?

What should you look for in the best policy?

Does the landlord’s policy include water damage, furniture and what are the exclusions?

Can you address additional living expenses in your claim?

How affordable is it for the tenants?

Who shall you contact directly to address your claims?

Home insurance and tenant insurance: What’s the difference?

Are you looking for a local agent in your neighbourhood who can answer questions further? We have PAIB insurance brokers throughout Canada. Contact us today to find a local agent.

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Insurance definitions, terms, and explanations are intended for educational purposes only. They do not in any way supersede or amend the meanings and information included in individual insurance policies, contracts or declaration pages. These terms and conditions may vary by state, and some exclusions may apply


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