Who needs home insurance?
Home insurance is always strongly recommended, whether you are a condo owner, tenant, owner or landlord. In home insurance, subrogation applies. This means that if you are the cause of the loss, the claimant’s insurer will come back against you for the amount of damage related to the loss. It is therefore your civil liability that will be involved. Your home insurance policy may provide coverage for this. The amount varies according to certain criteria and needs.