Reader Question: Do I need a tenants insurance policy when I rent?

It Pays To Do Your Research When You Rent   A reader question about tenants insurance and whether you need it or not if you are a renter is a great question especially for those of you who are still not insured. The most important tip I would give is to read the terms and conditions before you agree to anything. One thing many of us do is sign on the dotted line or agree to a policy without reading it in full until it comes time that you might need it and find out you’re not covered. Dear Mr.CBB I’m moving out of my parents house for the first time into my apartment and was wondering if you could answer a question for me please. Do I need a tenants insurance policy when I rent? Thanks for any help you can give me. SG Dear SG, The easy answer is, Yes. Any time you rent an apartment, condo, town-house or house you need tenants insurance also called Renters Insurance. No matter what you think, you need it and don’t ignore the value of a cost-effective insurance policy. According to Insurance In Canada, Many Canadians 35 and under don’t have tenants insurance. When […]

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