As per Section 11 of the Ontario Lease, renters insurance is required. Tricon Residential requires all leaseholders to carry a minimum of $1,000,000 Property Loss and Personal Liability Insurance Coverage, and Tricon Residential must be listed as “additionally insured” on the policy. The amount of protection for a leaseholder’s personal property is up to the leaseholder and provides peace of mind that in the event of an accident, burglary or unforeseen disaster, your personal property will be protected.