Why do you even need tenants/renters insurance ?

Tenant insurance in Toronto (also called renters’ insurance) is meant for people who rent the place where they live, whether home, condo, or apartment. It provides coverage against common risks like theft, fire damage, and personal injury that occurs on the property. Tenant insurance is necessary because a landlord’s home insurance policy won’t cover these perils on behalf of the renter. This depends on your postal code, the value of your total contents, your liability limits. Policies normally start at $300/yr and increase as the content values and liability limits increase.

Top 5 factors that impact your tenant insurance rate