Tenant insurance isn’t required in Alberta, but it’s common for landlords or rental contracts to require proof of insurance before you can sign the lease. So, do you need a renters policy? No matter what the conditions of your rental are, having tenant insurance is always a good idea. Consider how much it would cost to replace all the things in your place, out of your own pocket. Renters insurance has those costs covered (and more) in case the unexpected happens.