Why should a tenant buy home insurance?
National Bank Insurance recommends that tenants take out legal liability coverage and to provide for at least minimum coverage even if it seems to you your property has little value. When adding up all everyday items you need in a home (blankets, towels, dishes, clothes, etc.), you should ask yourself: am I ready to assume this financial risk? A few hundred dollars is a very small investment to ensure your peace of mind. People often underestimate the value of their property. We recommend getting coverage for a value of about $8,000 to $10,000 for each room in the apartment. This amount incorporates furniture as well as all accessories, such as lamps, picture frames, etc.
