Rental Property Insurance
Rental property insurance is a form of insurance that protects landlords, tenants and their possessions from losses or damage caused by the events covered by the policy. The use of rental property insurance in Canada has increased in recent years due to several reasons: an increase in investment into real estate; changes made to provincial law regarding landlord liability; and a growing concern over risk assessment among Canadian renters. Rental property owners benefit from having rental property insured because it reduces the financial risks associated with owning/operating a rental business.
