As one of the most well-known insurance companies in Canada, RBC is frequently the initial choice for many Canadians seeking insurance coverage. But does this automatically mean RBC tenant insurance is the best choice for you as a renter? Not necessarily.
Before you go ahead and buy a policy, read this article to learn more about the potential pros and cons of RBC tenant insurance and whether an alternative provider, like YouSet, would be a better fit for you.
Pros of RBC Tenant Insurance
One of the only ways to be certain that you’re buying the best insurance for the lowest price is to assess established providers, like RBC Insurance, as well as innovative alternative providers, like YouSet. To help you do that, here are a few of the pros of getting your tenant insurance from RBC.
- Well-Known Provider: RBC Insurance, belonging to Canada’s largest bank, the Royal Bank of Canada, fosters a feeling of stability and familiarity that many insurance shoppers appreciate.
- Diverse Product Offering: RBC offers not only tenant insurance, but car, home, condo, recreational vehicle, and commercial insurance as well.
- Offers a Deductible Waiver: RBC is unique in that it offers a deductible waiver for claims over a certain amount. This means you may not have to pay the deductible amount specified in your insurance policy under certain conditions.
Cons of RBC Tenant Insurance
While everyone can agree that RBC has an impressive history and an established presence in Canada, like any provider, it has its drawbacks. How concerned you are about those drawbacks will depend on things like your personal preferences and needs as a renter. For this reason, it is important to carefully weigh the pros and cons of RBC tenant insurance before you sign on the dotted line.
- Poor Reviews: As of April 2024, RBC’s customer review rating on Better Business Bureau was just 1.22 out of 5 stars. This rating reflects a general customer sentiment, which you may want to factor into the decision-making process.
- Inconsistent Customer Service: Some RBC insurance customers voice frustration regarding both the procedural inefficiencies of RBC’s customer service team and the shortcomings of their online self-service portal.
RBC vs. YouSet Tenant Insurance
Between the disadvantages listed above and the price of the quote you received, you might be eager to find an alternative to RBC tenant insurance, such as YouSet.
YouSet is on a mission to make it easier than ever for you to find the best tenant insurance, at the cheapest price. Our technology does all the work of comparing rates from multiple insurance companies and finding exclusive discounts for you, all in less than four minutes. If you’re happy with the quote you receive, you can then checkout, modify your policy, ask questions about it, and even renew it 100% online.
If that’s not enough, here are a few noteworthy benefits of YouSet tenant insurance.
The Benefits of YouSet Tenant Insurance
Highly Reviewed by Canadians: With an outstanding rating of 4.8 out of 5 stars on Google, YouSet is thankful for all the customers who have taken time out of their days to leave positive feedback. We invite you to explore these reviews firsthand, as there’s no greater reassurance than knowing you’re entrusting your insurance needs to a company that consistently exceeds expectations.
Affordable Rates: YouSet tenant insurance starts at just $12 a month, which means you can have the peace of mind of knowing you’re protected without breaking the bank.
Responsive Customer Support: Compared to larger insurance companies where customer support can feel bureaucratic and impersonal, YouSet’s dedicated and compassionate customer support team is just a click, email, text message, or phone call away when you need them.
Exclusive Discounts: YouSet unlocks access to exclusive discounts and rewards that no one else gets access to. In fact, on average, our customers save up to 29%!
Buy, Manage, and Renew Online: How much easier would it be if you could purchase a policy, personalize it to fit your needs, make modifications to it, and renew it, all without having to make any phone calls or sit on hold? So much easier. Fortunately, as a YouSet customer, you can do all that and more through your online account.
Complimentary Legal Support: If you ever need to file an insurance claim, our team of expert brokers will be by your side to navigate the complex claims resolution process. We even offer our customers a free 30-minute consultation with a lawyer during the claims process, should you need it.
Conclusion
Even if you have an idea of where you want to buy tenant insurance, it’s always a smart idea to get quotes from elsewhere so that you can be certain you’re getting the best coverage for the lowest possible price. If you don’t have the time or patience to do this manually, the YouSet platform will automatically do all that work for you in minutes so you can be sure when you make your decision.