Starting a new career or moving to a new town or city frequently involves moving into a new apartment or condominium. So many Canadians have and still enjoy apartment living.
A misconception exists that, since “renters” don’t own the building, they do not need to purchase “property insurance” however, the Landlord’s coverage does not serve to protect a tenants personal effects in the apartment.
It is for that reason that “Renters” insurance is a small, but important responsibility of tenant living. Additionally, the coverage serves to protect you against some liabilities that exist as a renter or tenant.