Renter’s insurance is more than just a safety net for tenants—it’s a smart layer of protection for landlords too. It helps prevent disputes, reduces financial risk, and brings peace of mind to both sides of a tenancy.

Why It Matters for Tenants

• Protects your belongings
  If there’s a fire, break-in, or water damage, your personal property isn’t covered by the landlord’s insurance. A renter’s policy ensures you don’t have to replace everything out of pocket.
• Covers liability
  If you accidentally leave the bathtub running or cause a kitchen fire, you could be held responsible for thousands in damage. Liability coverage helps cover those costs.
• Additional living expenses
  If your unit becomes unlivable, renter’s insurance can cover hotel stays or temporary housing.

Why Landlords Should Require It

• Reduces financial risk
  If a tenant causes damage and doesn’t have coverage, landlords often end up covering the cost of chasing repayment.
• Helps avoid disputes
  With insurance in place, there’s a clear path to resolution if damage or loss occurs, reducing tension between landlord and tenant.
• Signals responsible tenancy
  Requiring renter’s insurance attracts tenants who are proactive and responsible, exactly the kind of people you want living in your property.
• Fills the gap
  Landlord insurance protects the building. Renter’s insurance fills the gap by protecting what’s inside and providing liability coverage for the tenant’s actions.

The Bottom Line
Renter’s insurance is a win-win. It’s essential protection for tenants, and added peace of mind for landlords. That’s why at Brix Property Management, we require it for every tenancy.

Not sure what kind of coverage is necessary? Contact us at info@brixpm.ca