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Donald Bilodeau

Why Every Tenant in Ontario Needs Insurance


Tenant insurance is required with every rental property in Toronto.
Start your new rental on the best foot forward with the proper tenant insurance to protect you and your belongings.

Did you know that the average Canadian tenant owns approximately $24,500 worth of personal belongings? Think of all your furniture, clothes, electronics—now imagine losing it all in a fire. 😩 The replacement cost, factoring inflation, will set you back more than what you paid for the items years ago.


Without tenant insurance, you’d have to replace everything out of pocket, starting from scratch. Many renters mistakenly assume that their landlord’s insurance will cover their personal belongings, but that’s not the case. Your landlord’s policy only protects their property, not your MacBook or your favourite couch. Sadly, most people only realize this after it’s too late. 😱


Even more worrying—what if you accidentally start a fire that damages neighboring units? Without insurance, covering those costs could leave you in financial ruin. But with basic tenant insurance policy, you’re covered for up to $1,000,000 in damages caused to others. 😬

Protect yourself and your stuff. Tenant insurance isn’t just a nice-to-have—it’s essential. As an experienced realtor in Toronto, I help buy, sell and LEASE properties for my clients. In order for a tenant to lease a property, one of the conditions of an accepted offer is providing proof of insurance. Tenants must provide a letter of confirmation of coverage from their insurance company, among potentially other conditions, to obtain the keys to their new apartment, townhome or house.


Working with Donald

Donald's real estate practice began in 2013, buying, selling and leasing residential and commercial properties across the Greater Toronto Area and the province of Ontario. Working closely with buyers, sellers, and landlords, Donald combines a decade+ of experience, attention to detail, fully bilingual service, and strategy, with a sunny, practical disposition. Clients respond very positively to his full-service approach to real estate transactions, where his clients' satisfaction matters most.


Reach out to Donald Bilodeau, experienced realtor with Sutton Group-Associates Realty Inc., a reputable brokerage based in Yorkville.





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