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 equipment on the insured premises (including electrical, mechanical or electronic equipment such as an air compressor, air conditioning unit or fan)
Loss of rental income
Covers a loss of rental income if your property becomes uninhabitable due to a covered incident (like water damage or a fire)
Dishonesty, disappearance and destruction
Covers losses due to fraud, such as money theft or embezzlement by an employee
Commercial general liability
Covers losses resulting from claims or legal action by third parties who sustained bodily injury, property damage or other accidental 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 (for example, if a hacker steals your tenants’ personal information)
- Water damage coverages: Cover damage caused by a flood, sewer backup or roof water, for example
- Earthquake: Covers damage caused by an earthquake or other earth movements resulting from an earthquake such as an avalanche or landslide
Support for your real estate projects from EspaceProprio
With EspaceProprio (which includes DuProprio, RenoAssistance and Confia), get quick access to a network of professionals to help with all your real estate needs:
- Selling without an agent
- Buying and selling with a broker
- Turnkey service for renovation and maintenance projects
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
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