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Why do I need home insurance if I’m a renter?

While insuring a building is the responsibility of the building owner, it is your responsibility to protect yourself and your property by taking out home insurance.


Home insurance for tenants protects you from losing all your belongings and from having to pay compensation to third parties in the event of a loss. Tenants’ insurance might not be mandatory, but it would be risky to go without it.

Type of coverage

Not sure about whether you need tenants’ insurance? An advisor can take the time to give you advice about the products that would best meet your needs.

Liability insurance

As part of your home insurance coverage, you’re also covered for civil liability insurance, which protects you against involuntary bodily and material damages to a third party, anywhere in the world.

Even when you take precautions, accidents can still happen. Maybe you forgot to turn off the water and your neighbour’s apartment is flooded… maybe your dog bit the mail carrier… If you are held liable, your insurance company will compensate the concerned parties and/or your landlord. If you don’t have this type of insurance, you will be responsible for paying for the damages. Would you have enough money for that?

Coverage for living expenses

If you’re insured, you’ll also benefit from coverage for additional living expenses if your home is subject to a covered loss and becomes uninhabitable. This coverage is for additional expenses that you’d incur if you had to relocate after a loss, like accommodations, meals and travel.

Home insurance for renters – it’s indispensable!

The important thing to remember is to choose the best insurance coverage for you—the coverage that will meet your needs and allow you to sleep soundly at night without worrying about the unexpected.

Looking for advice?

Your home is a big investment for you. Whether you own a house or a condo, one of our advisors can help you find the right home insurance for your needs.

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