As you explore what is offered by large financial institutions in the Canadian insurance sector, you may come across Duuo, which offers tenant insurance underwritten by Co-operators.
Duuo offers a combination of stability, being backed by a well-established organization, and some innovative features akin to those found in startups. This aspect, among others, might make them a viable option for your insurance needs as a renter.
In this article, you’ll learn more about Duuo tenant insurance, the potential pros and cons to consider, and how it’s different from an insurance broker like YouSet. That way, you can make the most informed decision and choose a provider that matches your needs and expectations.
How is YouSet different from Duuo?
YouSet combines the convenience of an online platform with the advantages of a licensed insurance broker, while Duuo is a direct-to-consumer platform whose policies are underwritten by its parent company, Co-operators.
As such, there are key differences between YouSet and Duuo to consider, which you can see outlined clearly in the table below.
| YouSet | Duuo | |
| Type of provider | Digital insurance broker | Direct-to-consumer (D2C) insurer |
| Products | Home, tenant, condo, and car | Tenant, home, car, event, and vendor |
| Number of insurers | 18 insurers (Full list of YouSet insurers) | 1 insurer (Co-operators) |
| Price comparison | Side-by-side comparison, shows multiple quotes | No comparison, only shows one quote (Co-operators) |
| Underwriting | Does not underwrite policies | Underwritten by Co-operators |
| Checkout | Online checkout or by phone | Online checkout or by phone |
| Claims | Claims handled by the insurer, additional support from YouSet, as needed | Claims handled directly by Duuo |
Duuo tenant insurance pros and cons
If you’re considering Duuo tenant insurance, then it’s important to understand what it offers and what it doesn’t. This is key to helping you determine if it aligns with what you’re looking for in a tenant insurance provider.
Pros
- Month-to-month option
- Strong financial backing
- Well-known provider
- Purchase online
Cons
- Variable pricing on monthly policies
- Limited to Co-operators products and pricing
- Available in many provinces, but not all
- Bundling savings may be limited
Month-to-month option
Duuo allows renters to choose between an annual or month-to-month policy. This is fairly uncommon in Canada, and might work for short-term renters who only need coverage one month at a time. Though for those whose landlords require tenant insurance throughout the entire period of the lease, the month-to-month option might not work.
Variable monthly pricing
Duuo notes that its monthly tenant-insurance policies can vary from month to month depending on a number of factors, notably “credit-score changes and losses in the area.” This means your premium isn’t locked in long-term; instead, it’s recalculated as new information becomes available on a monthly basis.
Strong financial backing
As part of the Co-Operators, Duuo Insurance benefits from the financial stability and resources of a large and established insurance organization, ensuring they can fulfill their obligations to policyholders.
Limited to Co-operators products and pricing
Duuo tenant insurance is underwritten by Co-operators General Insurance, meaning you’re limited to their coverage options, pricing, and discounts. In contrast, a broker like YouSet compares multiple insurers, increasing your chances of finding the best possible price.
Well-known provider
While Duuo may still be relatively new, the Co-Operators is a well-known insurance company used by thousands of people across Canada.
Available in many provinces, but not all
Duuo tenant insurance is available in Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, British Columbia, Saskatchewan, Manitoba, and Alberta. It is not, however, currently available to renters in Newfoundland or Canada’s territories (Nunavut, Northwest Territories, and Yukon).
Purchase online
There is no need for phone calls or interactions with sales representatives, as Duuo allows you to buy a policy online with a credit card.
Bundling savings may be limited
Bundling tenant and car insurance with Duuo can save you money, as advertised. However, bundling with a single insurer doesn’t always offer the most savings possible. Rather, a mix-and-match approach to bundling, where products and pricing from multiple insurers are considered and combined, can help you maximize your savings and find the most cost-effective solution.
Duuo vs. YouSet tenant insurance
After getting a tenant insurance quote from Duuo, it’s wise to compare quotes from an alternative provider, such as YouSet, to see if that’s truly the best price you can get or if there’s a better deal available.
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.
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.
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.
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.
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.
We do the searching, you get the savings
