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If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?

If I could pass on my knowledge of this to a friend I think the most important thing they should know is just being aware of renter's insurance. I would want them to know about what it is because I think that once they know of it, it is something that they will consider. I would want them to know that they have that option of insurance and that in an event that it is better to be covered than not to be.

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Provide a real-life example of how this topic is relevant or interesting for you.

A real-life example of how this is relevant to myself is that I have wanted to make plans of moving out and have never considered insurance to be a factor. It is definitely interesting how much insurance could cover and help you out in certain scenarios. I would keep this in mind now that I know of its importance.

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What did you learn about your topic that surprised you the most?

One thing I learned about renter's insurance that surprised me the most was about how it is not mandatory to have in Canada. After learning more about its importance, I feel it is something everyone should have.

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This image is asking what is covered by renter's/tenant insurance. I chose this image because it is important to ask yourself if things are covered. Everyone should have renter's insurance and do their research so that they know what is covered.

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This is image is pricing things in a home. I chose this picture because it is important to know the value of things in your home because if something were to happen, your renter's insurance would be able to help you cover these things.

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This website breaks down the difference between landlord insurance and renter's insurance.

I chose this website because it gives a side by side comparison of what is covered by both renter's and landlord insurance. It talks about why renter's insurance is still important to have even though it is not mandatory in Canada as well. I found this helpful because it also gives scenarios that could happen to your home to show which insurance would cover what. This gives perspective to what each insurance does.

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Whether you're renting your very first apartment or embarking on property ownership as a landlord, there are coverage differences to be aware of. When there is a claim, whose policy steps in? Read on to learn what is covered by renters insurance and landlord insurance.

What is renters insurance?

Renters insurance, also known as tenant insurance, is for people renting an apartment or house. It protects the things your landlord's insurance policy doesn't, including coverage for your contents in the apartment (everything you own!) and liability coverage, should an incident happen in your apartment. Some landlords require renters insurance as part of the lease agreement.

Many argue that renters insurance is not necessary, perhaps you don't believe you own anything of value. However, have you considered how much it would cost you to replace all your clothes, furniture and technology like televisions, tablets and smart phones? Read more about 5 reasons you need tenant insurance.

What is landlord insurance?

If you rent a room in your home; rent apartments in a triplex or lease commercial space to businesses, you're considered a landlord and should have landlord insurance. Landlord insurance provides financial protection against damages while your property is being rented by a tenant, as well as liability coverage should an incident occur (like a trip, slip or fall) on the grounds of your property. As a landlord, it pays (literally) to know what you are responsible for.

Renters insurance vs landlord insurance

Remember, every policy is different. Be sure to talk to your insurance broker to determine exactly what is covered under your policy. Below is a chart illustrating what is typically covered under renters and landlord insurance.

What does renters insurance cover?

What does landlord insurance cover?

Liability Insurance - in case you are sued for accidental damage or injury within your apartment or house.

Contents coverage - including clothing and furniture.

Additional living expenses protection - this coverage reimburses you for a hotel stay if your apartment is inaccessible due to a covered incident (such as smoke damage or mould clean up).

You can request additional coverage, such as coverage for jewellery and fine art, sewer backup, flood protection, and overland water coverage.

Physical damage to the building brought on by fires, weather conditions (wind, hail, lightning), and other perils. This includes any attached or detached structures, such as garages, parking spaces, fences, and gates.

Physical damage to belongings owned by the landlord that are used for property maintenance, such as gardening tools, equipment, snow blowers, lawnmowers etc.

Personal liability against lawsuits resulting from property maintenance negligence that causes injury to a tenant or visitor.

Optional coverage is also available for vandalism, theft, renovation, and items that are under construction.

Who's at fault? Example scenarios

To further illustrate the difference between renters' insurance and landlord's insurance, let's examine three scenarios to determine whose policy will step in to cover the claim for each.

A fire starts in an apartment and causes damage to an adjacent apartment and their belongings.

The landlord's policy will cover the loss to the building and the repair costs. The renters' policy will cover the loss or damaged to the tenant's belongings (minus the deductible), as well as cover expenses for temporary living quarters (ie: a hotel stay), clothing and emergency supplies.

Someone trips and falls in a renters' apartment and is injured.

The renter's liability coverage would come into effect. If someone is injured in a stairwell or on the grounds of the property due to negligent maintenance, a claim could be made against the landlord's liability policy as well.

An apartment is broken into and the stereo, television, and some jewellery are stolen.

Since these items belong to the renter, the renter's insurance policy would cover this claim. Note that if you want items such as a piece of jewellery or collectibles insured for a specific value, you this must be listed on your policy. Ask your broker for more details on finding coverage for your very special items.

Contact an experienced broker at BrokerLink

Whether you're renting or you're a landlord, BrokerLink insurance experts can advise you about coverage that's best for your needs. Talk to an expert today - we're here to help!

Get a renters insurance quote

Renters and Landlord Insurance FAQs

Are damages to my personal property covered by renters' insurance after a catastrophic event?

Yes, renters insurance covers your personal belongings in the event of a covered natural disaster. The landlord's insurance coverage will handle damage to the home or apartment building. Note that flood coverage is not included on most renters' insurance policies, however, it may be added to your policy.

Why is landlord insurance more expensive than homeowners' insurance?

Landlord insurance costs can be significantly more than homeowners' insurance policy because landlords are assuming risks for multiple unknown people. Insurance companies often see lower average claim amounts and fewer claims for an owner-occupied home when compared to tenant occupied rental properties.

What factors influence the cost of renters' insurance?

The exact cost of tenant insurance varies, based on different factors, including:

The value of your personal belongings

Your address

The amount of liability coverage you purchase

Your claims history

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Renters and Landlord Insurance: What's the Difference? | BrokerLink

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Whether you're renting your very first apartment or embarking on property ownership as a landlord, there are coverage differences to be aware of. When there is a claim, whose policy steps in? Read on to learn what is covered by renters insurance and landlord insurance.

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This website talks about some of the best renter's insurance in Canada and guides you on the basics.

I chose this website because it explains each step from how much the cost would be, how to get a quote, ways to save, and has comparisons of a few companies. I found this useful because as someone who would be purchasing renter's insurance for the first time I think it's great to have as much information as you can and the breakdown of this website is very helpful. The comparisons of companies are great as well when trying to decide which would be best for you.

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Tenant insurance (also called renters insurance) is a type of home insurance that's geared towards people who rent their house or apartment.

Though your landlord will likely have coverage for the building itself, your personal belongings as well as liability are not covered by landlord insurance. That leaves it up to you to protect what's yours. Often, landlords will even require tenant insurance as part of your lease.

The good news is this type of insurance is often less expensive than standard house insurance, since you don't need to worry about covering the building.

Let's take a look at the basics of tenant insurance so you know what to keep an eye out for.

What is tenant insurance?

Tenant insurance covers you and your belongings when you're renting your home (rather than when you own it).

Though many insurers classify tenant insurance under home insurance, an important distinction is that tenant insurance doesn't include coverage for the actual building you live in. This is likely covered by your landlord's insurance.

Because of this, renters insurance tends to be less expensive than home insurance.

Who should get tenant insurance?

Take a second to think about the total value of your possessions in the main room of your house.

Would you be able to afford to replace all the important items if they were to disappear?

If you answered no, then tenant insurance may be a good idea for you. It'll cover possessions from theft and damage, plus provide some helpful extras like personal liability insurance.

That said, you have to make sure you can afford the monthly fee. This is usually around $20 - $30 a month, which works out to about $240 or $360 a year.

But sometimes you may not have a choice - some landlords require tenant insurance as part of the lease agreement. If you sign this agreement, you agree to get tenant insurance and will need to comply or risk eviction.

What does tenant insurance cover?

There are 3 standard things that tenant insurance covers. There are also a handful of extra coverages that many policies offer, usually as add-ons.

Content coverage

This portion of your coverage includes all your personal belongings, like furniture, books, electronics, clothes, etc. This often applies to things that happen outside of your apartment, so if your possessions are stolen when you're travelling, that may be covered by your tenant insurance.

It's important to note that if you want to fully cover some expensive items (like jewellery, high-end electronics, and valuable collectables), you'll probably require additional protection that you can specify when creating your quote. This may increase your premium.

Living expenses

This portion of your insurance coverage can help you out if you ever need to find accomodation outside of your home due to things like flooding or a fire. It'll also cover related expenses, like transportation and meals.

Personal liability

The 3rd standard feature of tenant insurance is personal liability, which will cover you if there's ever a lawsuit brought against you for accidental damage or injury.

A common example is someone tripping in your residence and suing you for injury and lost wages. It could also come into play in situations where you accidentally flood your bathtub and it causes damage to your neighbours' property downstairs.

Common additional coverages

When customizing your policy, you'll come across a lot of extras you can choose to add to your coverage. These will likely increase your premiums, but may be worth it to you. Here are the most common examples we've come across:

What isn't covered by renters insurance

Knowing what's covered is important, but so is knowing what isn't.

The first thing to note is that the building itself is usually not covered by tenant insurance, because you don't own it. This part is usually covered by your landlord's insurance so you don't need to worry about it. This may extend onto extra buildings on the property, such as a shed that your landlord may let you use.

There's also certain high-value items that will have limits with tenant insurance. For example, if you own something that's worth $20,000, your insurance may only cover $5,000 worth.

If you do have high-value items, it's important to look into buying additional coverage for valuable items.

Certain natural disasters also may not be covered by your insurance, either by default or at all.

Lastly, normal wear and tear on your items are often not covered by insurance. The coverage is meant for disasters, burglary, or similar events - not necessarily common occurences.

How much is tenant insurance?

Based on the quotes we received, our average price was $40.82 a month for an apartment in Hamilton, Ontario. That said, both Ratehub and Rates.ca claim a nationwide average of $20 - $30, with Ontario being a bit higher.

A lot of things go into determining your personal rate, which is why you'll be asked a bunch of questions when you go to get your tenant insurance quote. Here are some of the main things they take into consideration.

How to get a tenant insurance quote

Getting a tenant insurance quote is easy thanks to being able to do it online.

All you have to do is go to the insurance website you're interested in and find the "Get a quote" button.

You'll then be asked relevant questions, like:

Your name, phone number, and email address

Your new address

When you want the policy to start

Some companies will automatically get the information they need based on your answers, but others will ask you even more questions, such as the age of your building, the type of heating you have, and how close you are to a fire hydrant and fire station.

Most companies will then give you 1 to 3 options for a quote, which you can then customize further. The quote will often change in real time as you adjust your coverage amounts and add on extra coverage.

Once you're satisfied, you can either purchase your insurance online or over the phone. The company will also often email you a code so you can retrieve your quote at a later date if you don't want to commit right away.

How to get cheap tenant insurance

Want to cut down your premiums as much as you can? Here are 7 tips to save money on tenant insurance in Canada.

1. Increase your deductible

Your deductible is what you have to pay out of pocket before your insurance company steps in and covers the rest. So say you made a claim for $500 and you have a $200 deductible, you'd pay $200 and your insurance would cover the remaining $300.

The higher the deductible, the lower your premiums, since it means they have to pay less if you do make a claim.

So while it's a good idea to increase your deductible to save money on premiums, make sure you'll be able to afford the deductible if you ever do have to make a claim.

2. Pay annually instead of monthly

Some companies can give you discounts if you pay your premiums in a lump sum once a year instead of monthly. Just make sure not to forget about the payment when you're making your budget, since annual payments can be easily missed by monthly budgets.

3. Only get the coverage you need

Review your tenant insurance policy and make sure it only includes the things you want to be covered for. If you can live without identity theft coverage, for example, feel free to exclude that when creating your quote.

Even shaving off a few unnecessary extras can save you quite a bit on your insurance premiums.

4. Get a policy bundle

If you bundle your tenant insurance with your car insurance from the same company, you can save big on both policies. In some cases, you may even pay less for the 2 coverages than you would if you just had 1 of them.

This also simplifies the process, since you don't have to make payments to multiple companies.

5. Compare all quotes in your area

Making sure you do your research is one of the best ways you can save money on your renters insurance. It only takes a couple minutes to get a quote nowadays, so check out a handful of companies to get a feel for what a good price could be.

You can also use this as a bargaining tool if you call the company you want to go with and mention a cheaper price that their competitor offered you.

6. Verify your research when your policy is up for renewal

Once they've picked an insurance policy, most people will just stick with it year after year, never bothering to redo their research or verify that they still have the best option.

This is a mistake. Insurance companies will often increase your premiums after the first year, which can lead to unexpected costs. Also, if your situation changes - maybe you've invested in a new home theatre system - you may want to boost your coverage.

Either way, staying on the ball and knowing what's offered can be a big help to making sure you have the coverage you need at a price that's still comfortable for you.

7. Consent to a credit check

Some tenant insurance companies don't allow you to get a quote if they can't check your credit score, but others leave it as an option.

On one of the optional forms, we looked at what the difference would be if we didn't let them check our score - and it turns out it was nearly a $50/month difference.

When they do this, it's a soft credit check, so it doesn't affect your credit score. If you have a good credit score, this could really help you save money in the long run.

Best cheap tenant insurance companies in Canada

Want to know what options you have for renters insurance in Canada? We got some example quotes using the same fictional situation from 8 of your top options for tenant insurance in Canada.
Please note: These quotes These quotes were accessed on February 22, 2022 and are based on a 1 bedroom apartment in Hamilton, Ontario and a renter with no prior claims and a high credit score. The price is for illustrative purposes only and will likely be different depending on your own personal situation.
Sonnet Tenant Insurance

Sonnet Tenant Insurance is from Sonnet, a fully online insurance company in Canada. Of all the tenant insurance options we tested, Sonnet provides the best coverage for the most reasonable price.

Their quote process was quick and easy, giving me 3 levels of customizable options with reasonable quotes:

It was also helpful that they included the optional coverages in a way that was easy to modify:

You could also easily change your coverage amount, as shown below:

We were particularly impressed by the fact that Sonnet is 1 of only 2 tenant insurance options we checked out that offers full identity theft coverage. They'll cover your legal fees, any professionals or services you have to pay for in the process, and any wages you lose out on while trying to take care of the issue.

And this is included in even the most basic packages - something we discovered via instant chat with a customer service rep, which is another convenient feature for those of us who prefer to preform tasks online.

Sonnet also offers pet insurance and car insurance, both of which are also highly rated, making it easy and inexpensive to have all your insurance needs met by one company.

Learn more here:

Covers all the basics

Some extra coverage available

Ability to get cheaper premiums

Low-cost and easy option

Some reviewers claim Sonnet will increase your premiums without notice

Everything is done online

Not the cheapest or most comprehensive

TD Tenant Insurance

As one of the biggest banks in Canada, you'll likely have a bit more trust in TD than many other insurance companies around.

After creating a quote for our test location, these are the options we were offered by TD:

The mid value is almost exactly the average rate we got from all our tests, so if you don't mind average, then this could be a good choice for you.

TD clearly indicates what's covered by your policy, which is helpful:

And they also indicate the optional coverages in an easy-to-change format, so you can add on whatever optional coverage you like with just a couple clicks:

RBC Tenant Insurance

RBC is another big bank that gave us a tenant insurance quote that was almost exactly average for our test.

Instead of giving you 3 premade options that you can edit (like TD and others did), RBC gave you 1 main option which you were able to modify on the page. Once you make an edit, you can click on the "Update my price" button and see your premiums change in real time.

We played around with increasing the deductible to the maximum of $5,000, and it took a full $5 off our quote per month. If you're really only looking for coverage for high-value claims, this could be a great way to save $60 a year.

They also clearly indicated their optional coverage, which included:

Sewer backup

Overland water

Special limit for jewellery

Identity theft

Disappearing deductible

Scotiabank Tenant Insurance

Though Scotiabank is another big bank, we were unable to get a quote for our location. There was no indication why that was the case. Instead, we were just asked to call their toll-free line for more details:

We were unable to properly indicate that the residence was an apartment, and the area where you were asked to input your property value seemed to be broken.

Here's a taste of what they offer, as per their main house insurance page:

CIBC Tenant Insurance

Another of the big Canadian banks, CIBC had an easy quote process online as well, though we came out with a quote that was a bit higher than average:

An interesting question that CIBC asked that most of the other companies didn't was about dogs, specifically calling out pit bull and rottweiler owners:

This is good to keep in mind if you have one of those breeds of dogs, since your premiums may go up. Again, this was not asked by most other insurance companies.

Instead of giving you a range options for your policy, CIBC let you enter the amount you wanted to cover in a free-form format:

Their estimate of about $8,000 to $10,000 is interesting - though maybe a bit heavy handed if you buy your furniture and other items frugally.

Here are a few of their additional and optional coverages that were automatically included in the default quote they gave us:

Desjardins Tenant Insurance

Though Desjardins is a smaller bank, they had the exact same insurance portal as CIBC did - but with a slight colour scheme change:

Everything, right down to the quote, was exactly the same for Desjardins as it was for CIBC.

Square One tenant insurance

Moving on from the big banks, we also checked out a couple of independent insurance companies.

Square One was the first on the list, and turned out to be the cheapest of all 8 companies we checked out.

Interestingly, they also asked a question about dogs, though they specified a few more breeds than CIBC/Desjardins did:

Something nice that Square One did was indicate not only what's covered, but what isn't covered as well:

And instead of giving us 1 to 3 premade policies that we could personalize, Square One asked us what coverages we wanted one at a time. Though this process took a bit longer, the quote we received was more personalized from the very start.

Once we finished the application, we got a helpful summary that again indicated what isn't covered by our policy. We appreciate this kind of transparency during an application process:

Cooperators Tenant Insurance

Unfortunately, we were unable to get a quote from Cooperators for the Ontario apartment we were using for other sites. Instead, we used a New Brunswick address, which got us a relatively high quote:

We say relatively high, because Ontario is known to have slightly higher tenant insurance than other provinces, so a New Brunswick apartment having a higher than average quote means it's pretty high.

Another interesting thing to point out is my quote was actually $92 before we gave them permission to do a credit check. That $48 would make a HUGE difference over the course of your policy.

Top 3 tenant insurance companies in Canada

If you rent your home or another property, you'll likely want to consider getting tenant insurance. This type of insurance will cover your personal belongings against theft and damage, as well as personal liability. But what are the best tenant insurance options in Canada?

Our Genius Rating system is straightforward, but comprehensive. We begin by breaking each product into its primary features, and we then compare those features against similar products available on the Canadian market. Each feature is given a relative score out of 5, and the average of those scores becomes our final Genius Rating, ranging from 0 to 5 stars.

Covers all the basics

Some extra coverage available

Ability to get cheaper premiums

Low-cost and easy option

Some reviewers claim Sonnet will increase your premiums without notice

Everything is done online

Not the cheapest or most comprehensive

AT A GLANCE

* Personal property at other location ...

Convenience and reliability

Extra features

High costs

Need to pay extra for additional coverage

Convenience of a big bank

Emergency living expenses

No credit check required

Limited information online

Lack of online quote

Identity theft coverage isn't for everyone

Browse insurance products.

Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.

Do you need a different type of insurance? You can find all our top insurance product reviews right here:

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Best Tenant Insurance In Canada 2023: Your Guide To The Basics Of Renters Insurance | moneyGenius

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Tenant insurance (also called renters insurance) is a type of home insurance that's geared towards people who rent their house or apartment. Though your landlord will likely have coverage for the building itself, your personal belongings as well as liability are not covered by landlord insurance.

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This website talks about renter's insurance in Canada, including what is covered and if it is necessary.

I chose this website because it also goes through the process of how to choose the best renter's insurance policy for you based on your home. I found this helpful because it talks about each thing you should look for when trying to choose the best insurance for you. It goes over coverage for property, third party liability, medical, and additional living expenses.

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Whether you rent an apartment, house, or condo, at some point, you've probably asked: do I need renter's insurance in Canada? Is it even worth the extra expense? What does renter's insurance cover?

Although renter's insurance isn't required in Canada, it can be a great safety net for anyone looking to protect their belongings while they live in rented accommodations. Even though the majority of landlords have insurance on their property, there's no guarantee it'll fully cover the costs of any items you lose in a fire, flood, or another kind of disaster.

Let's take a quick look at the pros and cons of getting renter's insurance so you can decide if it's right for you.

What is renter's insurance?

Renter's insurance, or tenant insurance, is a type of insurance policy that's designed to protect tenants from liability, loss, or damage. It provides you with a financial safety net in case of an emergency or natural disaster in your rented accommodation.

What does renters insurance cover?

As a general rule, you can expect Canadian renter's insurance to cover the following:

Most loss of or damage to the personal possessions inside your rental

Some loss of or damage to personal possessions outside of your home

The cost of accidental damage to your rental accommodation and the surrounding building

Liability, if other tenants or visitors to your building were injured due to the accidental damage that you caused

The cost of living expenses if your rented accommodation becomes uninhabitable due to some natural disasters

As you can see, there are a lot of things that tenant insurance can protect you from. For example, if there was a fire in your rented apartment, a quality renter's insurance policy could help cover the cost of your damaged or lost possessions. It can also protect you from liability if you accidentally caused a fire (in a cooking incident, for example) and that fire also damaged other apartments in your building or injured one of your neighbours.

What does renters insurance NOT cover?

As you evaluate renters insurance policies, it's important to understand what usually isn't covered. Again, this depends on your policy but, generally, your renters insurance in Canada may not cover:

Certain types of natural disasters: damage caused by sinkholes, flooding, sewage backups, and earthquakes are not automatically covered. You may have the option to pay an extra premium if you want to include this coverage.

Damage caused by bugs and pests: if you ever fall prey to a pest or bug infestation at your rented residence, you would need to pay from your own pocket to take care of the damage inflicted to your personal belongings.

Unique and expensive items: certain types of valuables, such as antiques, jewelry, gold coins, art, and pricier electronics may not rbe covered if their value exceeds what the insurance company can afford to pay out.

Is renter's insurance required in Canada?

There's currently no law in Canada that requires tenants to purchase renter's insurance. Most people choose to buy it for their sense of security and peace of mind. There are many benefits to having tenant insurance, so it's worth thoroughly investigating your options before you decide that it is or isn't for you.

Can landlords require tenant insurance in Canada?

While there is no legal requirement for renters to get tenant insurance in Canada, it is legal for your landlord to require you to have a policy.

A landlord is fully within their right to require you to have tenant insurance as part of your lease agreement. Landlords are allowed to include renter's insurance as a condition of occupancy and they can even require you to show proof of purchase of a policy before you move in.

This might sound a bit bizarre, but it's worth remembering that tenant insurance protects renters and landlords. If you don't have renter's insurance, the full brunt of any damage to that rental property will fall on the landlord and their homeowner's policy. That policy will usually pay the cost of damages to the property, but it doesn't cover the loss to the tenant's personal belongings.

How to choose a tenant insurance policy

If you've decided that renter's insurance is the right choice for you, then it's time to start looking at different policy options. Each tenant insurance policy offers slightly different coverage and some are more comprehensive than others. This can make it difficult to determine which plan is right for you.

As a general rule, keep an eye out for policies that offer the following coverage:

Total property coverage: this protects you from loss and damage to your property, either as a result of theft or some sort of disaster. Many plans will also cover your personal belongings if you're temporarily away from your home, such as at work.

Third-party liability coverage: while total property coverage protects your assets, third-party liability coverage protects everyone else's too. This includes protection for your rental if you were to cause damage, or to your neighbors' apartment if you cause a flood or fire that spreads to their home. It will also usually provide financial protection if you get sued for your role in a disaster.

Voluntary medical payments: in the unfortunate event that someone gets injured at your home or due to damage that you cause, voluntary medical payments coverage can help protect you financially.

Additional living expense coverage: should you be forced to leave your home due to damage in your building or rented apartment, additional living expenses coverage will help pay for your alternative accommodations.

Do I need renter's insurance?

Even though there is no legal requirement to have renters insurance in Canada, there are many benefits to having a policy. A quality tenant insurance policy can protect you from loss, liability, and damages in an unforeseen emergency. While insurance policies are another expense to pay for and keep track of, they also provide peace of mind when things don't quite go according to plan.

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What does renters insurance cover and do I need it? | KOHO

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Whether you rent an apartment, house, or condo, at some point, you've probably asked: do I need renter's insurance in Canada? Is it even worth the extra expense? What does renter's insurance cover? Although renter's insurance isn't required in Canada, it can be a great safety net for anyone looking to protect their belongings while they live in rented accommodations.

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This website talks about what renter's insurance is, types of coverage, and what is covered.

I chose this website because it gives a simple and easy to understand explanation on renter's insurance. it explains what it is, why you may need it, and how it works. I found this helpful because costs and how it may very depending on your home. It also mentions the two types of coverage offered with all risks and named perils.

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This video goes over having renter's insurance as a college/university student moving away from home.

I chose this video because I do not think this is something most people think about when leaving home for school. It talks about the importance of coverage over students valuables and living space. I found this useful as it talks about how it would work with the student being on the family's insurance or having their own while at school.

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Everything You Need to Know about Insurance for University Students

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This video goes over having renter's insurance with roommates and the best way to go about it.

I chose this video because it talks about the best options for you and a roommate and how different scenarios could affect whether you get insurance together or individually. it also touches on the coverage you will receive and the importance of sitting down with roommates and discussing your options. I found this useful as I never thought about how having renter's insurance in a roommate situation could be different and that you could get insurance together.

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[Guide] How To Find Insurance With A Roommate | Renters Resources

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This video talks about renter's vs landlord insurance and why having renter's insurance is important. It answers many frequently asked questions about both and compares them.

I chose this video because I found it useful how it goes over what landlord insurance and difference between it and renter's insurance. It also explains what landlord insurance is does and does not cover. The video gives scenarios you could come across and how having renter's insurance is important when renting a home.

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Tenant Insurance Vs Landlord Insurance: What Is the Difference?

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This video is about tenant/renters insurance in Canada. It is a quick and simple summary of what renter's insurance is and what it provides for you as a renter in your home.

I chose this video because it speaks about how having renter's insurance is not actually mandatory but could be a condition of occupancy in a lease in Canada. I found it useful how it explains what coverage you receive and how coverage to those things are important.

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This wall is to inform those about renter's insurance and how it works. Here you will be provided with videos and websites to help you understand more about it. You will learn about what renter's insurance is, how it works, and why it is helpful to renters.