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Why do I need tenant insurance? Isn’t insurance my landlord’s responsibility?

Both parties should have an insurance policy as each one will cover different things. The landlord’s insurance covers the property itself, their contents, loss of rental income, and premise liability. This coverage does not extend to tenants. Tenants insurance covers your personal belongings, your own liability, and any extra living expenses that you would incur should you have to temporarily relocate while your place is being repaired.

Renters Insurance

How many roommates are allowed on a tenants insurance policy?

Roommates are not covered by tenant insurance policies, as each tenant must have their own policy. Please note, immediate family members do not qualify as roommates and will be automatically covered by the policy.

Renters Insurance

Is tenant insurance mandatory?

Many landlords in BC require their tenants to purchase tenant insurance prior to moving in. Luckily, it is among the most affordable and simple insurance products in the marketplace. Depending on coverages, your policy can start as low as $20 per month.

Renters Insurance

How much does Tenant's Insurance cost in BC?

Tenants insurance is among the most affordable and simple insurance products in Vancouver and the rest of the BC marketplace. In many situations, the cost of tenant insurance is far lower than people expect. Depending on the coverages you select and the number of possessions you own, a typical tenants insurance policy can start as low as $20/month. All of our offices specialize in Tenants insurance and represent Canada’s largest and most reputable insurance companies. Our online system is backed by a number of licensed insurance brokers who are true experts in the field of Tenants Insurance. We have just put the entire purchase experience online to allow you to purchase it on your own. Give it a try and get a quick renters insurance quote. Despite what some people believe, renters insurance can actually be purchased at a relatively low cost. Before we cover the insurance rates, however, let’s have a closer look at the coverage offered within a renter insurance policy, offered by one of Canada’s largest insurance companies.

Renters Insurance

What does landlord insurance cover?

Landlord insurance covers the property itself (and any unit improvements), the landlord’s contents (i.e. appliances, furniture, etc.), loss of rental income, and premise liability. Our landlord insurance policy is customizable to suit your coverage needs.

Landlord's Insurance

I am looking for Rented Condo/Landlord Insurance, however the unit is not tenanted yet. Can I still purchase insurance before the tenants move in?

In order to purchase rented condo/landlord insurance, the unit must be tenanted within 30 days of the policy effective date. Vacant properties pose a greater risk, as nobody would be there to report an incident should one occur, which can lead to further damage. Therefore, vacant condos are not eligible for a standard rented condo policy through our online platform. However if you still wish to purchase insurance prior to your unit being tenanted, give us a call and we will look into separate vacancy insurance options for you.

Landlord's Insurance
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Are there any discounts available on ICBC auto insurance?

Yes, drivers can take advantage of several ICBC discounts such as good driving record, safe driver discount and low-risk vehicle discount.

Car Insurance

Can I switch between ICBC auto coverage plans?

Yes, you can switch between ICBC auto insurance plans at any time. However, you may incur additional charges or fees if you want to make changes to your existing policy. Read more: https://www.icbc.com/insurance/Pages/FAQs.aspx

Car Insurance

Can the policy be transferred to a family member?

Yes! If you transfer ownership to any of your immediate family members mid-term, your policy can be transferred to the new owner. The recipient of your vehicle would keep the same policy number, effective and expiry date.

New Vehicle Replacement Insurance

Can the policy be transferred to a new vehicle?

Yes! If you purchase a new vehicle while mid-term in your current policy, we can process a transfer of the policy to your new vehicle. This will generate a new policy, with a new policy number, effective and expiry date. Any unused portion of the premium for your previous policy can be applied to the new insurance premium as transfer credit.

New Vehicle Replacement Insurance

Do I have to buy New Vehicle Replacement insurance when I buy my car, or can I get it later on?

Our unique eligibility guidelines allow for any vehicle that is 5 years old or newer to qualify for New Car Replacement coverage. That means you are not required to have just recently purchased your vehicle to qualify and can purchase a policy any time between your vehicle being brand new, and 5 model years old. There is also no kilometre restriction, just as long as your vehicle has not been driven on average more than 40,000 km a year since it was new.

New Vehicle Replacement Insurance

Do I have to buy the same vehicle as I had previously?

No, after a total loss you are not required to buy the same vehicle as you had previously. You are more than welcome to choose a different or better vehicle, or even take the cash settlement if you’d like, however we will only pay up to the replacement value of the same make, model, and trim package as the vehicle that you had previously. It will be in the most current model year.

New Vehicle Replacement Insurance
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What kind of coverage does international business insurance offer?

International business insurance can provide a range of coverage, including property insurance, liability insurance, commercial auto insurance, and workers' compensation insurance. It can also provide coverage for political risk, kidnap and ransom, and other specialized risks.

International Business Insurance

Who needs international business insurance?

Any business that operates internationally should consider getting international business insurance. This can include businesses that have overseas offices, employees who travel internationally, or those that conduct business with clients overseas.

International Business Insurance

What is international business insurance?

International business insurance is a type of insurance that provides coverage for businesses that operate internationally. This can include coverage for property, liability, and other risks associated with conducting business abroad.

International Business Insurance

What happens if the principal fails to fulfill their obligation?

If the principal fails to fulfill their obligation, the surety company steps in and pays the damages up to the bond amount. The principal then has to reimburse the surety company for the payment made.

Insurance for Surety Bonds

Can I cancel my surety bond?

Yes, you can cancel your surety bond, but you need to give a written notice to the obligee and the surety company. The cancellation terms and conditions are usually specified in the bond agreement.

Insurance for Surety Bonds

How long does it take to get a surety bond?

The processing time for a surety bond application varies depending on the type of bond, the obligee's requirements, and the complexity of the obligation. Generally, it takes a few days to a week to get a surety bond.

Insurance for Surety Bonds
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How does the application process work for a 30-year term life insurance plan?

The application process involves filling out a form with your personal and medical information. Some insurers may require a medical exam. Check with your broker to know about the details of application process related to your case.

30-Year Term Insurance

What happens if I outlive my 30-year term insurance policy?

If you outlive your policy, the coverage ends. However, you may have the option to renew your policy or convert it into a permanent one.

30-Year Term Insurance

Are there any pre-existing medical conditions excluded from 30-Year Term Insurance?

Yes, some pre-existing medical conditions and high-risk activities may be excluded or require specialized coverage. We recommend discussing all potential exclusions with your insurer prior to purchase.

30-Year Term Insurance

Can I convert my 30-year term insurance into a permanent life insurance plan?

Yes, many term life insurance plans offer the option to switch to a permanent life insurance plan during the policy term, without a medical exam. You can discuss the details with your broker for additional information.

30-Year Term Insurance

How can I get a 25-year term life insurance quote?

You can get a 25-year term life insurance quote from InsureBC simply by filling out the form by clicking on this link.

25-Year Term Insurance

Can I add riders to my 25-year term policy?

Yes, you can add additional coverage with riders such as accelerated death benefit, waiver of premium, accidental death benefit, etc., depending on your insurance company. These riders give you greater flexibility in customizing your policy and protecting your family.

25-Year Term Insurance
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What should I do if I think I've been a victim of identity theft?

If you suspect that you've been a victim of identity theft, act quickly. Contact your bank and credit card companies, place fraud alerts on your credit reports, and file a police report. Contact your broker for more details on what steps to take.

Identity Theft Insurance

Will Identity Theft Restoration Insurance prevent identity theft from happening?

No, InsureBC's Identity Theft Restoration Insurance cannot prevent identity theft from happening. However, it can help protect you financially in the event of an identity theft event.

Identity Theft Insurance

Can I purchase InsureBC's Identity Theft Restoration Insurance online?

Yes, you can purchase InsureBC's Identity Theft Restoration Insurance online. Simply visit our website by clicking this link and complete the online application to get a personalized quote.

Identity Theft Insurance

What is identity theft insurance?

Identity theft insurance is a type of insurance policy that helps protect you from financial losses resulting from identity theft. It typically covers expenses related to restoring your identity, such as lost wages, legal fees, and credit monitoring services.

Identity Theft Insurance

What should I look for when choosing a boat insurance policy in BC?

When choosing a boat insurance policy in BC, it's important to consider the coverage options, deductibles, and premiums. You should also research the insurer's reputation for customer service and claims handling.

Boat Insurance

What factors affect the cost of boat insurance in BC?

The cost of boat insurance can vary depending on several factors, such as the type and size of your boat, its age and condition, where you operate it, and your driving record. Other factors may also come into play, such as whether you have safety equipment on board, such as life jackets and fire extinguishers.

Boat Insurance

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