When you rent, you don’t have protection for your personal belongings, in the event that your home is subjected to unforeseen damage. This is why tenant insurance is so important. Let us help protect what’s important to you.
Why do I need tenant or renter insurance?
One very important thing to know about tenants’ insurance is, without a tenant insurance policy, you will not have coverage for your personal belongings. Unfortunately, items like your TV, clothing, other electronics, furniture and more will not be covered by your landlord’s insurance policy. It is also important to mention that tenants’ insurance provides you with liability coverage up to $1 million dollars in case of emergencies.
How much does tenant insurance cost in Ontario?
Although there are many factors in which will influence the price of your tenants’ insurance, such as how much coverage you need, where you live, the type of building you are living in, your claims history, your insurance provider and etc., tenants’ insurance is quite affordable in Ontario and ranges between $20-30 per month.