Renters Insurance
For the price of a couple of coffees a month, renters insurance protects everything you own and shields you from liability claims. Most Ontario landlords now require it, and smart tenants want it anyway.
What's Covered
Contents
Clothes, furniture, electronics, bikes, everything you own, wherever it is.
Tenant Liability
If you accidentally cause damage to the building or a neighbour's unit, like a kitchen fire or overflow.
Additional Living Expenses
Hotel costs if a fire or flood forces you out of your rental.
Low Cost
Most tenants pay well under $30/month, and bundling with auto drops it further.
Landlord Requirements
Proof-of-insurance documents prepared for your landlord or property manager.
Scheduled Valuables
Scheduled coverage for jewelry, cameras, instruments and high-value items.
What Ontario Drivers & Owners Should Know
Ontario leases increasingly require tenants to carry liability insurance, your landlord's policy never covers your belongings. Claims like apartment fires and water leaks from neighbouring units are common in GTA rentals, and without your own policy you have zero protection for your stuff or temporary housing.
Who this is for
- Apartment and basement tenants across Ontario
- Students renting near GTA campuses
- Anyone whose lease requires proof of insurance
- Roommates wanting individual contents protection
Renters Insurance: Common Questions
No, the landlord's policy covers the building only. Your furniture, clothes and electronics need your own renters policy.
Most policies run $15–$30/month depending on contents value and location. Bundling with an auto policy usually lowers it more.
Many Ontario landlords now require it in the lease. Even when it's optional, the liability protection alone makes it worthwhile.
No, each tenant needs their own policy for their own belongings, though shared liability situations can be structured properly.
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