Do I need renter's insurance in Canada?

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Do I need renter's insurance in Canada?

Rounding it up

  • Renter’s insurance, or tenant insurance, is a way to protect yourself from loss and liability if you live in a rented home.

  • There is no legal obligation to have renter’s insurance in Canada, however, your landlord might require it.

  • A renter’s insurance policy is an additional monthly cost, but the benefits can far outweigh the extra expense.

  • When selecting an insurance policy, consider the total coverage amounts for things like personal asset coverage, third-party liability, voluntary medical expenses, and additional living costs.

7 min read

Gaby Pilson
#insurance#renter's insurance#tenant insurance

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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