No, tenant insurance isn’t required 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
Tenant insurance also
The bottom line? Tenant insurance is worth it when you consider everything it covers. Have more questions? Just