Tenants Insurance for Renters

Tenants Insurance for Renters

Tenant Insurance Covers More Than Just Your Stuff

One of the misconceptions about tenant or renters insurance, is that you just don’t need it.  Or that your ‘stuff’ isn’t worth that much so you don’t need to insure it.  This couldn’t be further from the truth.  In this article we refer to Economical Insurance’s Renters Guide to Tenant Insurance.   So if you ever wondered “Do I need tenant insurance” or “what exactly does tenant insurance cover”, you’ve come to the right place.

One of the first things you should know is your landlord’s insurance is not there to cover your contents, or you personally.

In the event of a fire in your building, your landlord’s insurance would likely cover the walls around you and any major appliances that came with your unit, but everything else is on you.”

Some people refer to tenants insurance as renters insurance, and this type of insurance covers much more than your contents alone.  It can also cover:

  • Liability Insurance
  • Everything you own – even outside of your home
  • Additional Living Expenses
  • Replacement Costs
  • even, Identity Theft




It is an exciting time when you finally get a place of your own, and there are so many things to think about (furnishing, internet, cable, utilities ….) but don’t forget about your renters insurance.  There are several  misconceptions about what is covered when you are renting a place (even if you are renting as a roommate).

Here are 5 common myths about renters insurance.

Knowledge is power, it’s time to bust some of these myths:

MYTH 1:  

Your tenant insurance policy covers your roommates contents as well.  READ MORE


Your tenant insurance covers damage to the building itself (like a broken window).


“Loss of use” or “additional living expenses” coverage pays for the entire cost of alternate living arrangements when you have to leave your rental unit because of a fire or other event.


Tenant insurance covers all of your belongings, including electronics and valuables.


You can buy tenant insurance after something happens, then make a claim right away.


These are just some of the common myths about tenants or renters insurance.  You can read more about each of these in the Economical Insurance article: “Busting 5 Common Tenant Insurance Myths”


Tenant Insurance doesn’t have to be costly, to give you coverage and peace of mind.  We would be happy to discuss your specific situation, to recommend the best insurance coverage for your needs. Be informed. We can help.



MacEwan & Feagan Insurance Brokers is looking for a Personal Lines Broker Support Person to join our team in a full-time position in Goderich, ON.

Key Responsibilities and Duties:

  • Assist Brokers servicing an existing book of business for automobile and property insurance customers
  • Work in a team atmosphere to provide solutions for our clients
  • Review and process policy renewals
  • Process changes and document conversations in our Broker Management System
  • Work with our insurance companies and their portals


Qualifications and Experience:

  • RIBO Level 1 Brokers License
  • Minimum two years’ experience in the property casualty insurance industry
  • Excellent customer service and organizational skills
  • Experience with insurance company portals and Broker Management Systems
  • Proficient working with Microsoft Office products (Word, Excel, Outlook)
  • Excellent written and oral communications skills
  • Ability to work independently and in a team environment


About Us:

MacEwan & Feagan Insurance Brokers is a family owned and operated fourth generation insurance brokerage.  Our business values are centered on excellent customer service with competitive prices. 

If you are looking to grow your career with our company, please submit your resume and cover letter to becky.moore@mfinsurance.ca by November 5, 2021.  We thank all interested candidates; however only those selected for an interview will be contacted.   Thank-you for your interest! 

Related Resources

MacEwan & Feagan Insurance Brokers is looking for a Personal Lines Broker Support Person to join our team in a full-time position in Goderich, ON.

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