Your Questions Answered
Do I Need Renters Insurance? If so, Why?
As per Section 11 of the Ontario Lease, renters insurance is required. Tricon requires all leaseholders to carry a minimum of $1,000,000 Property Loss and Personal Liability Insurance Coverage, and Tricon must be listed as “additionally insured” on the policy. The amount of protection for a leaseholder’s personal property is up to the leaseholder and provides peace of mind that in the event of an accident, burglary or unforeseen disaster, your personal property will be protected.