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.
✅ 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.
❌ 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.
✅ 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.
❌ Mixed 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.
✅ 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.
❌ 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.
Since 2017, YouSet has been making it easier for Canadians to buy home and car insurance online. Why spend hours manually comparing quotes when our proprietary technology can do it all for you in less than 4 minutes? Not only that, but we’ll also have Canada’s top insurance providers competing for your business, ensuring you get the best price year after year. With over 300,000 users and an average online review rating of 4.9 stars, YouSet is a broker well worth considering.
Best price year-after-year
YouSet’s algorithms are designed to do one thing - find you the best price. Not just the first time you buy, either. If your price increases at renewal, we’ll alert you and even help you re-shop with another carrier.
Highly reviewed by Canadians
With an overall rating of 4.8 out of 5 stars on Google, the general consensus among YouSet users is that YouSet is making it easier to find affordable insurance and buy it online at the best price year after year.
Transparent renewals
Anytime a YouSet insurance policy comes up for renewal, our team will make sure you’re paying the best price possible for your policy. If that’s no longer working, we’ll help you re-shop another carrier for a better deal.
Buy, manage, and renew your policy 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 wait on hold? With YouSet, you can do all that and more with our self-serve features.
Mix-and-match approach to bundling
YouSet is the only digital broker in Canada that automatically compares the cost of bundling home and car insurance from a single carrier against the cost of mix-and-matching home and car carriers. Whichever option offers the maximum savings is the one we present to you.
Next steps
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.