If you’ve opened your latest renewal notice and felt your stomach drop, you’re not alone. Across Regina, homeowners, condo buyers, and renters are all wondering why insurance costs keep climbing and whether or not their insurance coverage is what they expect.

The short answer: everything is more expensive to fix, and many household items  cost more to replace. Replacing a hail damaged roof in Harbour Landing or rebuilding in Lakeview now costs far more than it did a few years ago.

On top of that, extreme weather is hitting harder and more often. From prairie hailstorms to flooding and smoke filled summers, insurers are paying out more. It’s frustrating but it’s still easier than trying to self fund a total loss on a $400,000 home. When every claim is pricier, premiums follow. Unfortunately, some insurance companies look like their premiums are lower because they have more gaps in coverage.

Tenant Insurance in Regina: Not Just for “Stuff”
If you’re renting, tenant insurance might feel optional. Your landlord has insurance, right? Yes—but not quite. Landlord insurance covers the building, not your belongings or your liability. Many landlords require proof of tenant insurance so it is important to know about how it works.
Tenant insurance does three big things:
• Covers your belongings: laptops, bikes, winter gear, furniture, kitchen gadgets—everything. Most policies start around $30,000 in coverage. You’ll be surprised how fast your stuff adds up if you had to replace it all at once.
• Protects your liability: if you accidentally cause damage or someone is hurt and you’re found legally responsible, liability coverage can save you from a financial mess. Think of a party where a careless cigarette or candle starts a fire. The landlord’s insurer can come after the tenants for the cost.
• Pays for a place to stay: if a covered loss makes your rental unlivable, additional living expense coverage helps with temporary accommodation. The cost? There are many considerations but it is often between $150 and $260 a year. This is about the same as one night’s stay at a mid-range hotel.

Regina Condo Owners: Mind the Insurance Gaps
Owning a condo in Regina means no shoveling and no mowing, but the insurance setup is more complex. Your condo corporation’s master policy covers the building
structure and common areas. Your own condo policy should cover:
• Your belongings inside the unit
• Upgrades and renovations (from upgraded flooring to that new kitchen)
• Loss assessment, if the condo board passes along part of a major claim or deductible
• Optional equipment breakdown for big ticket systems like furnaces or in-floor heat

Before You Travel: Plan Appropriately
If you’re planning to escape a Regina on a vacation for a few weeks, talk to your broker first. Many policies require you to either shut off and drain your water, or have someone you trust check your home daily. Skip those steps, and an accidental flood could turn into a denied claim.

Contact us today:
A 15-minute conversation with us today can save you from an unwelcome surprise later. Understand what your current insurance covers. Uncover any gaps that may be putting you at risk. Based in Regina, Campbell & Haliburton is here to provide  advice on what insurance coverage you need.

www.mych.ca
Contact us form
hello@mych.ca
(306) 757-0621

Check out this article: Jul 17, 2025 — Insurance experts discuss the uptick of wildfire insurance claims and the importance of people knowing about their insurance policy.