Landlords increasingly demanding tenants insurance

Published: March 27, 2018

Updated: July 24, 2018

Author: Luke Jones



While many Canadians doubt the merits of tendentious insurance and it is not mandatory, many landlords are increasingly insisting renters now carry tenants coverage. Moreover, tenants are more being evicted for not having insurance, warned Greg Robertson, president of Toronto's R. Robertson Insurance Brokers.

“A lot of landlords in this day and age are getting smart and saying, ‘Hey, we are not going to give you the keys until you provide evidence of insurance."

Robertson suggests landlords of large complexes and professionally managed housing  are seeking tenants insurance from renters. While now needing coverage in many cases, it is worth pointing out tenants insurance is a worthwhile investment either way. It can protect possessions against losses such as fire or other event, and can provide assistance if the apartment is uninhabitable.

While it is becoming more common for landlords to demand tenants insurance, it is not always the case.

“The majority of the time, the landlords still don’t ask,” Robertson added.

One issue for customers is insurance companies are not generally happy about issuing tenant insurance policies because of the lack of profit. However, most carriers to offer tenants coverage, so it is advisable to shop around and find quotes. Look for brokers that will work for you and are happy to provide tenants insurance and not see it as a chore.