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January 12, 2017

5 myths about renter insurance

1 min read


One thing that continues to surprise us is the number of people we talk to about car insurance that haven’t bothered with renters insurance. When we ask them why, we have discovered many misunderstandings about renters insurance, also called tenants insurance. If you rent an apartment, condo or house, please let us clear up some common myths about renters insurance.

1. I don’t own enough to bother with renter insurance

It is surprising to most people, homeowners or tenants, how quickly the value of their belongings adds up! If a break-in happened and the most valuable things you have were taken, how much would it cost to replace them? Making a home inventory list of everything you own – clothing, furniture, electronic devices, small appliances like microwaves, toasters, coffee makers, etc. – can be an eye-opening exercise (and it’s a very valuable document for insurance purposes.)

2. My landlord has insurance so I don’t need any

While it is most likely true that your landlord has insurance, it doesn’t protect you or your possessions. Your landlord’s insurance protects the building they own and covers their liability if someone is injured on their property and files a lawsuit against them.

3. If anything happens, my landlord will take care of me

Unless your landlord is your mom or some other caring family member, your landlord does not ‘owe’ you shelter if the building is damaged in a storm or fire. If repairs or restoration take weeks or months, you will be responsible to find and pay for your own temporary place to live if you don’t have renters insurance to help you.

4. My landlord is responsible for any accidents that might happen

This is a true statement for common areas of the building you rent in, unless of course you caused the accident, and then you could be held responsible for all damages. You are also responsible for accidents inside your own unit, so you are liable for an injury to a visitor, someone you have hired or a delivery person. You are also responsible for any harm caused by your pet, if you have one.

5. I can’t afford renter insurance

In fact, renters insurance is quite inexpensive because it does not cover the building you live in (the landlord’s insurance does that.) For not much more than ordering in dinner once a month, you can be reassured knowing that you and your belongings are well protected.

Affordable renter insurance

Our home insurance brokers would be happy to get you some no-obligation quotes and answer any insurance questions for you. Contact Mitch Insurance Brokers at 1-800-731-2228 or

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Mitch Team

The articles you'll find on the Mitch blog are all the result of a team effort, contributed to by one or more of our RIBO licensed insurance brokers and/or other Ontario insurance experts. Contributors to our blog include:

  • Adam Mitchell (RIBO) - President and CEO of Mitch Insurance Brokers
  • Nick Kidd (RIBO) - Chief innovation officer at Mitch, & director of business insurance
  • Alex Gemmiti (BSc, CIP, RIBO) - Service team lead at Mitch Insurance
  • Jesica Ryzynski (RIBO) - Insurance broker, claims specialist, and account manager at Mitch Insurance

Learn more about the Mitch Team

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