Rental property insurance

In practiceA fire or storm damages the rental you own, and building coverage pays to repair the structure.

Not coveredThe tenant's belongings are their renters policy, not yours.

In practiceA tenant is injured on the property and holds you responsible, and landlord liability covers the claim.

Not coveredInjuries to your own staff, if you have any, go through WCB.

In practiceA covered loss makes the unit unrentable during repairs, and lost-rental-income coverage helps replace that income.

Not coveredIt does not cover income lost because a tenant simply stops paying rent, or eviction costs.

In practiceYou furnish the unit, and optional contents coverage protects the appliances and furniture you provide.