Real estate and rental property insurance
Request a quote for your real estate business. We’re here to help you get the best insurance for your needs.
By phone
Monday to Friday: 8 AM to 8 PM
Saturday: 8 AM to 4 PM
Who is this insurance for?
If you’re a landlord and you own or manage a multi-unit residential rental property or a commercial property, or you’re planning to build one, we have coverage options for your business.
Types of insurance for rental property owners
Protect your business against major financial losses from covered incidents.
You can save by insuring multiple properties in different locations under the same policy. Bundle your property and commercial vehicle insurance with us to save even more.
Included coverages
Commercial property
Covers physical damage to your building or its contents (due to a fire, water, vehicle impact or vandalism, for example)
Equipment breakdown
Covers the sudden and accidental breakdown of electrical, mechanical and electronic equipment on the insured premises (such as an air compressor, air conditioning unit or fan)
Loss of income
Covers a loss of rental income if your property becomes uninhabitable due to a covered incident (such as fire or water damage)
Dishonesty, disappearance and destruction
Covers losses due to theft or disappearance of money (such as embezzlement by an employee)
Business liability
Covers your business against claims or lawsuits from third parties who have suffered bodily injury, property damage or other harm (such as a tenant’s visitor who accidentally falls in the stairwell of your building)
Optional coverages
- Cyber risks: Covers losses due to a cyberattack or data breach, damage to electronic data or IT systems, and any resulting legal defence costs (for example, if a hacker steals your tenants’ personal information)
- Water damage: Covers damage caused by a flood, water leak or sewer backup, for example
- Earthquake: Covers damage caused by an earthquake or related ground movements like an avalanche or landslide
FAQ
What determines the cost of insurance premiums for rental properties?
Insurance premiums for rental properties vary based on several factors, including:
- The property’s location
- Its size
- Its use
Get a business insurance quote to find out how much it could cost.
Does real estate insurance cover loss of rental income in the event of a disaster?
Yes. Loss of income coverage is included in this insurance and can cover lost rental income if the property becomes uninhabitable due to a covered incident, such as a fire or flood.
What are the common exclusions in insurance policies for commercial and residential rental properties?
Here are some common exclusions in rental property insurance policies:
- Hidden defects
- Damage caused by normal wear and tear
Contact us or look at your policy to find out which exclusions apply in your situation.
Get a commercial insurance quote
By phone
Monday to Friday: 8 AM to 8 PM
Saturday: 8 AM to 4 PM