Renters insurance is a type of insurance that covers the big things (floods, burst pipes, etc.) that can occur, and as well as any personal liabilities that may happen. With coverage, your provider will pay for a portion or all of these costs on your behalf – potentially saving you thousands of dollars when unfortunate events happen.
A Statistics Canada study found that less than half of renters in Canada have renters insurance. This means that many renters are not protected if their home is damaged or if someone is injured on their property.
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