If you’re already paying for Auto Insurance then you might actually be losing money by not having Tenant’s Insurance or Renter’s Insurance in Ontario.
Renters Insurance and Tenants Insurance in Ontario these terms both mean the same thing; coverage for you and your stuff whether you’re living in a rental home, a condo, or an apartment.
So, here’s how you can actually save yourself money by getting Renter’s Insurance in Ontario. Most Insurers give a 5% to 10% discount off your auto insurance by buying a Renter’s Insurance policy. That means, from the $250 you’re paying every month you could be saving $25. Some Renter’s Insurance policies can cost you as little as $18-$20 per month. Now that you’re sipping on the fancy $7 coffee you just bought with all the money you saved, let’s talk about what you actually get with the Renter’s Insurance you’re basically being paid to have.