Also known as contents or tenants insurance, a renters’ insurance policy can protect you in case of losses, damages, and other expenses related to your rented home and/or your belongings. Much like home insurance, a good policy is sometimes a lifesaver; in other words, it can be the difference between financial ruin and staying afloat after the unthinkable occurs. … Consider The Pros And Cons Of Renters’ Insurance With RentSeeker
If you are like many of us who rent apartments, you probably don’t think about renters / tenant insurance. After all, you don’t own the apartment – why would you need insurance for it? It’s important to remember that you are not insuring the apartment itself; rather, you are insuring your possessions that are inside of the apartment. … Do You Really Need Renters / Tenant Insurance
While renters insurance is not required by law, many Landlords may require it for rental properties – and it is wise to have.
Also, renters insurance covers personal belongings which can add up to a substantial sum of money and is relatively inexpensive for rental apartments. Toronto boasts quite a competitive market for this form of insurance.
… Is Renters Insurance required?