As a rental property owner in Mississauga, you’ll need rental property insurance to protect your largest and potentially most expensive investments. Whether you rent out your basement, extra rooms in the house, or separate houses or apartments, rental property insurance has you covered. Insurance Hero insures your rental property and any detached structures, landscaping, owner belongings, and equipment on the rental property.
Landlord Insurance for Mississauga Homeowners
Landlord insurance is essential, regardless of what type of rental property you have or how many properties you have. It keeps your rental properties protected against accidents, liability, and covered perils. Landlord insurance covers the property, its contents, any attached structures to your rental properties, and loss of rental income. Your landlord insurance policy also covers liability if you’re sued by a tenant, visitor injuries, and any personal items you keep at your rental properties.
Rental property insurance is the standard type of landlord insurance used for homeowners that rent out their rooms or rental properties. Rental property insurance applies to rental units in your primary residence and when you lease out a home separate from your residence.
Condo rentals insurance applies to when property owners rent out a condo they own. It helps property owners cover belongings and damages not dealt with by the condo association.
Apartment buildings landlord insurance is for any rental structure with seven or more individual units. It covers unintentional damages and landlord belongings in any of the apartment units.
Commercial landlords insurance applies to landlords that lease out properties for commercial purposes.
Unoccupied dwelling landlord insurance is for vacant units.
Student rental unit landlord insurance applies to properties that are rented out to students, most commonly in university or college areas.
Short-term rental landlord insurance applies to properties you lease out temporarily or periodically. It’s also called home share insurance is most commonly used for Airbnb units.