Help with tenents insurance....
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Thread: Help with tenents insurance....

  1. #1
    Registered User Array stinkyfast's Avatar
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    Help with tenants insurance....

    I am getting jacked by my insurance company. I have not had any claims, ever. It keeps going up... inflation they say. 9.9% that is not the rate of inflation. They want $602. for a year. Anyone have a better rate available to them? Please pass on the companies name. cheers S.
    Last edited by stinkyfast; 01-15-2005 at 01:28 PM.

  2. #2
    Registered User Array
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    I pay about 40% less.
    Economical Mutual Insurance. Family Insurance Solutions.
    Local Credit Union handles them.

  3. #3
    pronounced as-wee-pay Array effenay's Avatar
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  4. #4
    Moderator Array Mighty Kentor's Avatar
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    Quote Originally Posted by stinkyfast
    They want $602. for a year. Anyone have a better rate available to them? Please pass on the companies name. cheers S.
    Holy crap!!!

    I pay just a little more than that for HOUSE insurance, including fire flooding etc!!! What the heck are you living in?
    Reformatted to fit your screen.

  5. #5
    Gear Driven Cams Array Spike's Avatar
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    None right now...
    Of course, if you're covering $100000 worth of assets in your rental unit, and Kent is only covering $50000 worth of assets in his house, your rates could be oddly disproportionate.

    Oh, wait, I know, you're covering a CT70 and Kent is covering a 2001 VFR. That explains it. 8-)
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  6. #6
    Registered User Array CyBeR_Pinky's Avatar
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    Kent... appts aren't necessarily cheaper... You have to remember that there are 100 people living in one appartment and one person can fuck it up for everybody.

    I pay $600 roughly as well for renters insurance... it keeps going up and up and up. I've had a claim 3 years ago so I don't mind paying more as it's proven useful.

  7. #7
    The new kid Array Digit Treesloth's Avatar
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    I found through personal experience that renter's insurance costs nearly twice as much as owner's insurance for an identical dwelling and their contents.

    When renting a few years back, I paid $600/yr ($65,000 content), and now I pay $300/yr for the same $65,000 content as an owner.

    I guess it's down to perceived (statistical) risk.
    Digital Treesloth

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  8. #8
    Moderator Array Mighty Kentor's Avatar
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    I haven't rented since the mid '90's. Guess I'm out of touch with reality.
    Reformatted to fit your screen.

  9. #9
    AKA Newfie Girl Array Newfie Girl's Avatar
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    Quote Originally Posted by oldgixxer
    I pay about 40% less.
    Economical Mutual Insurance. Family Insurance Solutions.
    Local Credit Union handles them.


    Ya baby!! Good company!!!

    You can get auto too!

  10. #10
    MoToSucCubUS Array Sliver's Avatar
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    ya, around $600/yr base cost then try adding in a provision for unregistered motorcycles. it gets ridiculously expensive. but maybe that other company can offer a lower rate?
    one six two seven eight nine

  11. #11
    eyedoggerz Array eyedoggerz's Avatar
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    Check these guys out

    Canadian Direct Insurance
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    and should, use the WD-40. If it shouldn't move and does, use the duct tape.


  12. #12
    Registered User Array stinkyfast's Avatar
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    Thanks for the suggestions, I will look into them early next week. cheers S.
    P.s the CT-70 is a classic!

  13. #13
    Been there, Wrecked that! Array CrashTested's Avatar
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    TOS - HUB International just quoted me $802/yr for tenants insurance I quickly hung up and started calling around.
    Last edited by CrashTested; 11-07-2006 at 01:19 PM.
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  14. #14
    Fastronaut Array Danke's Avatar
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    Now just picture those same bookies quoting you on your motorcycle. Do you think they'd charge less than ICBC and be pay out claims with a smile?

    Renters move more, live in dodgier spots, have weird folks over, etc. All those things that frighten insurance companies. Anyone in the city with a house is obviously going to be broke and unable to furnish the house with anything but some crates and an old tube TV so they're a good bet.

    By the way our broker had that chart beat, $400/year 50K+ contents, in Vancouver. AXA Pacific.
    Last edited by Danke; 11-07-2006 at 02:09 PM.

  15. #15
    just having fun Array
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    wow and i thought house insurance was high

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