Is tenant's insurance legally required in Canada?

No, home insurance is not legally required for tenants in Canada. But your landlord may require it to rent one of his apartments. This situation is very common among landlords who rent out furnished accommodation.

How much does tenant's insurance cost?

The average price of tenant's insurance varies according to several criteria, such as the type and location of your rental property, your claims history and the deductible you choose. The average cost of renters' insurance in Quebec and Ontario is $23.50/month ($282/year), according to our partner YouSet.

Can a landlord require tenant insurance?

Yes, a landlord can require you to take out tenant's insurance in order to rent one of their apartments.

When and how do I cancel a tenant's home insurance policy?

To cancel your home insurance, first contact your insurer by phone. Find out more about the requirements for cancelling your insurance policy and the fees to be paid, if any. Some insurance companies require a letter of cancellation.