April 6, 2018 by Staff
According to the 2016 Census, approximately 4.5 million of Canada’s 14 million households are rented by tenants. Kanetix surveyed 1,000 Canadians who are renters and found that nearly half—48.5% to be exact—have not purchased tenant insurance.
The overwhelming reason given for not having a tenant policy was the cost (47.8%), followed by the feeling that they had little to insure (24.3%).
Others believed they were included under their landlord’s policy (17.3%) or under their roommate’s coverage (10.5%).
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This story was originally published by Canadian Insurance Top Broker.