Overview
If you're buying a house or condo, you can switch your tenant insurance to homeowner or condo insurance by getting a new quote. YouSet then replaces your tenant policy with your new policy, so you don't need to cancel it or pay cancellation fees.
This applies if you have a tenant insurance policy with YouSet and you're buying a home or condo.
What you'll need
- The address of your new home
- Details about your new home and its safety features, like an alarm system or smoke detectors
- The date you want your new insurance policy to start
How to switch from tenant insurance to homeowner or condo insurance
- Get a home insurance quote on YouSet.ca
- Answer the questions about your new home
- Review your quote and coverage
- Complete it by providing all the additional required information, including the effective date of the policy and your payment information, so we can verify and finalize it.
- Finish your quote
What happens after
- YouSet reviews your new quote within 48 hours
- Your homeowner or condo insurance replaces your tenant insurance on the start date you chose
- You don't need to cancel your tenant insurance, so you don't pay cancellation fees
- You can access your new policy documents in your YouSet account
Frequently asked questions
When should my new insurance start?
The effective date of your new home insurance policy should be the day you get the keys. Your lender may also ask for proof of insurance before your closing date.
Do I need to cancel my tenant insurance?
No, not if your new homeowner or condo insurance is also with YouSet. YouSet replaces your tenant policy with your new policy for you, so you don't pay cancellation fees.