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Rental property insurance: Types of protection

Personal possessions are usually covered under a “building and/or contents” policy. This policy usually covers:

  • Coverage A: Dwelling Building you own or rent to others;
  • Coverage B: Detached Private Structures (Example: shed, a detached garage of your home, etc.);
  • Coverage C: Personal Property (contents)* (to cover your furnished dwellings);
  • Coverage D: Rental value* which covers loss of income related to an insured risk, such as monthly rental payments.

These descriptions are provided only as a guide. Certain conditions, limitations and exclusions may apply to each of these  guarantees, as specified in the forms. Coverage is also subject to change without notice. Please refer to the forms provided by your insurer and to their modifications.

Coverage E: Legal liability

protects you from having to pay damages if you are responsible for unintentionally causing bodily or material damages to others on your property. This coverage is usually added on to your main insurance. Thus we often recommend that your rental units be covered under the same insurer as your main insurance, as it saves a lot of trouble in the event of a claim.

Does my Legal liability coverage also protect the Liability of my tenants? Not at all. Your tenants must purchase their own tenant insurance policy. 

These descriptions are provided only as a guide. Certain conditions, limitations and exclusions may apply to each of these  guarantees, as specified in the forms. Coverage is also subject to change without notice. Please refer to the forms provided by your insurer and to their modifications.

  • Let us analyze your needs. Take a few moments and fill in our online quote form.
  • Questions? Contact a broker at 514 729 6001 or write to us.