Is renters insurance worth it on a tight budget?

Posted by Nick6_060408 • January 20, 2026 • 7 comments

I'm really trying to understand if renters insurance is worth the cost, especially in Toronto's high market. As a low-income renter, I've found some cheaper options, but I'm unsure if they'll actually cover what I need. Do landlords usually require insurance? What’s the experience like for claims?