As a renter, choosing the right tenant insurance is a critical decision that can safeguard your belongings and provide peace of mind. With many options available at your fingertips, including reputable names like Desjardins, it’s important that you weigh the pros and cons of each carefully.
To help you do so, here is a list of potential pros and cons of Desjardins tenant insurance for your consideration. In addition to those provided, you are encouraged to do your own research, ask your own questions, and of course, explore alternative providers, like YouSet, who might be better suited to your needs as a renter.
Pros of Desjardins Tenant Insurance
Part of the process of buying tenant insurance involves assessing established providers, like Desjardins, which is known for its role in banking, insurance, and wealth management. To help you do that, here are a few of the pros of getting Desjardins tenant insurance.
- Well-Known Provider: Desjardins General Insurance is part of the Desjardins Group and has been a prominent player in the Canadian financial services sector since 1944.
- Diverse Product Offering: Desjardins offers a range of insurance products beyond just tenant insurance, including options for travel, life, health, pet, car, and home insurance, making it a one-stop solution.
- Strong Financial Backing: As part of the largest cooperative financial group in Canada, Desjardins Insurance benefits from the financial stability and resources of a large and established financial institution, ensuring they can fulfill their obligations to policyholders.
Cons of Desjardins Tenant Insurance
Despite its long-standing history, Desjardins Insurance, like any provider, has its drawbacks. Depending on your needs and preferences, you may see those drawbacks as either not a big deal or as a dealbreaker. That’s why it’s important to carefully weigh the pros and cons of Desjardins tenant insurance before you sign on the dotted line.
- More Expensive for Non-Banking Clients: Desjardins tends to offer better rates for clients who also bank with them. Unfortunately, this might pose a disadvantage for you if you’re a non-banking client seeking tenant insurance from Desjardins.
- Poor Reviews: Desjardins Insurance’s customer satisfaction ratings indicate that there is room for improvement. As of May 2024, they had a rating of just 1.4 out of 5 stars on TrustPilot. This rating reflects a general customer sentiment, which you may want to factor into the decision-making process.
- Limited Availability: Desjardins tenant insurance is currently only available to residents living in Ontario, Quebec, Alberta, and New Brunswick.
Desjardins vs. YouSet Tenant Insurance
If the disadvantages listed above have you reconsidering your options, rest assured that there are alternatives to Desjardins tenant insurance.
Take YouSet as an example. Our mission is 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
If you want to be sure you’re getting the best coverage for the lowest price, it’s important that you do your research, weigh the pros and cons, compare multiple quotes, and ask questions, if you have any. Fortunately, you’re off to a great start by reading this article. From here, it will be up to decide if Desjardins tenant insurance meets your needs, or if another provider, such as YouSet, provides a better balance of coverage and affordability.