The Real Cost of Renters Insurance [Infographic]

December 23, 2017 1 min read
Real Cost of Renters Insurance [Infographic]

According to Stats Canada, less than half of all in Canada have renters insurance—which means a huge number of renters are currently at risk of financial responsibility or displacement at any time.

Getting proper renters insurance is not too high on the priority list for most people and what’s even more surprising is the reasons people neglect getting properly covered.

We find that the majority of those going without renters insurance aren’t educated on how easy and how inexpensive getting properly covered actually is. The same people are also not educated on the costs that they can be responsible for if they aren’t properly covered.

So how much does renters insurance actually cost?

Here at MIG Insurance, we’ve put together the infographic below to help illustrate these points.

To get a quote, click here to get started now.


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Written by

Alex Harms is part of our marketing team at MIG Insurance and she specializes in writing content to make insurance easier to understand for our clients. She obtained her Bachelors in Commerce (Hons.) at the Asper School of Business and worked with MIG as a broker during her studies and now fulltime in a Marketing & Operations role. She has taken on many tasks her at MIG but enjoys the challenge. Outside of work she enjoys spending time with her family as well as her dog Murphy, out at the lake which is their favourite spot!