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    Is Tenant Insurance Mandatory?

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    how much is tenant insurance canada

    When renting a dwelling, whether it is an apartment, house, or condominium, one of the critical questions that often arise is: “Is tenant insurance mandatory?” Tenant insurance, also known as renters insurance, protects your belongings and liability, but is it a legal requirement or merely an advisable safeguard? In this blog post, we aim to answer this question, offering a nuanced understanding of tenant insurance rules and why it could be considered essential.

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    Tenant Insurance: Legal Requirement or Strong Recommendation?

    The short answer to whether tenant insurance is mandatory is: It depends. While tenant insurance is not a legal requirement in Canada, many landlords and property management companies make it a precondition of their lease agreements. Therefore, in most cases, it would be accurate to say that tenant insurance can often be considered ‘contractually mandatory.’

    However, even when it is not contractually obligated, tenant insurance is still highly recommended for various reasons, which we will delve into subsequently.

    Why is Tenant Insurance Important?

    Tenant insurance offers coverage that can benefit renters substantially, making it an important part of one’s overall financial strategy.

    Protection of Personal Belongings

    Tenant insurance provides coverage for your personal property in the event of damage or theft. Whether you think your belongings are valuable or not, the cost of replacing everyday household items can quickly add up.

    Liability Coverage

    Tenant insurance includes liability coverage, which covers accidental damage to others’ property or accidental bodily injury caused by you or your family members. For example, if you accidentally start a fire that spreads to other units, you could be held financially responsible for the damage without liability insurance.

    Additional Living Expenses Coverage

    In the event that your rented space becomes uninhabitable due to a covered loss, tenant insurance can cover additional living expenses, such as hotel bills, restaurant meals, and moving costs, incurred while your home is being repaired.

    APOLLO offers tenant insurance starting at just $11/month.

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    Other Considerations

    While not deemed a legal requirement, several factors make tenant insurance nearly essential:

    Landlord’s Insurance

    Remember that your landlord’s insurance most likely does not cover your personal belongings. In the event of a disaster, a landlord’s policy covers the building structure and not the tenants’ possessions, making tenant insurance beneficial.


    Tenant insurance is relatively affordable, considering the extent of protection it offers. It’s a small price to pay to safeguard valuables and to ensure financial stability in the face of liability or additional living expenses claims.

    Peace of Mind

    Knowing that you’re protected can provide peace of mind. Whether it’s damage to personal items or a personal liability issue, tenant insurance ensures that you’re not alone when confronting these challenges.

    Looking for tenant insurance? APOLLO offers effortless policies for renters across Canada. Get your free quote in less than a minute and we’ll send your policy documents right to your inbox.

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    Originally published July 4, 2023, updated August 25, 2023

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