Renting out a home, a basement suite or a room can change what your insurance covers. This page explains what to ask before a tenant moves in.
A standard home policy is written for a home where you live. If you rent part of it or all of it out, your insurer may need to change the policy, or you may need a different one. Not telling them can cause problems at claim time.
Your tenant's belongings and their own liability. Many landlords ask tenants to carry tenant insurance, and some leases require it.
Not automatically. You generally need to tell your insurer, who may adjust the policy or ask you to arrange a different one.
Requirements depend on your lender, your province and the type of rental. Ask your insurer or a licensed advisor.
Many landlords do, because a landlord's policy usually does not cover a tenant's belongings or liability.
General information, not advice or a recommendation. Rules differ by province and by insurer, so confirm with your insurer or a licensed advisor. This page was last checked in November 2026.