Is tenant insurance mandatory in Ontario?

No, tenant insurance isn’t mandatory by law in Ontario. But, a landlord can ask for proof of renters (or contents) insurance in your lease agreement.

Why do landlords ask for this? Well, a common misconception among renters is that if something happens (like a fire) in your rental unit and damages your belongings, the landlord’s insurance will cover your stuff. But, that’s not the case. You need your own personal insurance – otherwise, you’re on the hook for the cost of repairing or replacing your belongings.

Tenant insurance also covers your legal liability, and even covers temporary living expenses (like food or a hotel) if you can’t stay in your home after a covered event happens.

The bottom line? Tenant insurance is worth it when you consider everything it covers. Have more questions? Just reach out via email or chat – we’re always happy to help. Want to get an online quote? Click here to get one in around 5 minutes – no fuss, no phone call needed!