Why you need insurance
Imagine your home suddenly floods due to a burst pipe, or a fire breaks out unexpectedly.
Can you cover the cost to replace your personal items like electronics, furniture, clothing, food, jewelry, or medication?
How tenant insurance helps Cover your items
Liability protection
If you need to relocate from your unit, can you afford the cost of a hotel stay or temporary rental?
The average cost to replace everything in a one-bedroom unit. $20,000
If your personal belongings are damaged or stolen, tenant insurance can help you replace or repair them. Insurance is your responsibility.
Under your lease, you are responsible for getting adequate insurance.
This type of tenant insurance is usually called contents insurance or renter’s insurance.
The average cost of one night's stay in a hotel. $200
Toronto Community Housing’s insurance policy covers damages to the building only. It will not pay to replace your personal belongings.
Accidents happen. Tenant insurance can help cover costs you’re responsible for if you’re at fault for damage or injury, like a kitchen fire or if your pet bites someone.
Help with expenses
If you can’t stay in your home because of a fire, flood, or other emergency, insurance can help cover the costs of hotel stays or a short-term rental.