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Please don't be fooled by the first year quote you get. My home insurance went up from $900 to $3600 in the second year. Had difficulty cancelling. DO NOT BE FOOLED
I always knew that I could get cheaper coverage but tenant insurance is not very expensive.
I just got a renewal notice with an increase for the addition of "overland water damage". I called and spoke to an agent who put me on mute and came back to tell me it is for sewage backup based on revised land surveys.
Well... I live on the 18th floor of a highrise in downtown Edmonton. That would be one hell of a backup. As for flooding? This is the highest altitude in the city.
If they want to raise rates that's their option. Adding useless coverage is an insulting method to achieve it.