Protecting your rental property
Managing a rental brings unique risks, from structural damage and tenant issues to lost income. We build tailored insurance policies that safeguard your assets and keep your personal finances intact.
Coverage for property owners
Core pillars of landlord insurance
Standard home insurance policies leave critical coverage gaps for rental properties. We help landlords across Canada build complete policies tailored to these essential protections.
Property damage
Safeguard the physical structure of your rental unit, common areas, and exterior fixtures against loss from fire, severe weather, falling objects, and vandalism. This coverage delivers the financial support you need to repair or rebuild quickly after a loss.
Loss of rental income
Replace lost rental revenue if an insured event forces your tenants to temporarily vacate during repairs. Maintain your cash flow and financial stability while your property is restored.
Legal liability
Shield your personal finances if a third party suffers bodily injury or property damage on your premises. Liability coverage handles legal defence costs and settlement fees associated with claims brought against you.
Water damage protection
Cover sudden plumbing failures, burst pipes, and unexpected internal water leaks affecting your rental unit. This protects your building and unit fixtures from severe water-related risks.
Landlord contents
Insure appliances, maintenance equipment, and furnishings owned by you that remain on the premises. This covers items in furnished units and common spaces that fall outside a tenant's policy.
Tenant vandalism damage
Guard your rental against deliberate harm. This coverage handles repair and replacement costs for building structures, unit interiors, and fixtures damaged by tenants or their guests.
Policy enhancements
Tailored add-ons for your rental
Expand your policy with endorsements designed to address specific property risks and provide deeper financial protection for your investment.
Sewer backup
Cover cleanup costs and structural repairs if drain or sewer systems back up into your rental property.
Overland water
Protect your physical property against water entering from heavy rainfall, overflowing rivers, or rapid snowmelt.
Equipment breakdown
Shield essential building infrastructure, such as HVAC units and water heaters, against mechanical or electrical failure.
Canada’s premier brokerage
Why choose Navacord for landlord insurance
We combine local touch with national strength to deliver tailored rental property insurance that keeps your investment secure.
We partner with leading Canadian insurers to build flexible landlord policies with options fitted to your needs.
Our dedicated claims team supports you through every step to ensure fair and swift claim settlements.
Connect with advisors in your community who understand regional rental markets and provincial property regulations.
Learn from our landlord insurance experts
“Landlords are always wanting to maximize their profits, but in the event of a claim they don’t consider what they actually need, such as rental income coverage, tenant vandalism, more comprehensive coverages, and/or content limits for appliances or other items in the unit. That’s why we are here.” – Fraser Clarke, Client Advisor, Personal Insurance | Red Deer, AB
“When you purchase landlord insurance, you are protecting yourself and your home. Make sure your tenants are aware they need to purchase their own insurance to protect themselves.” – Lauren McNicholls, Client Advisor, Personal Insurance | Victoria, BC
FAQs for landlord insurance
Landlord insurance typically covers your building's structure, landlord-owned appliances, and liability if someone is injured on the property. It also replaces your rental income if covered damage forces your tenants to temporarily move out during repairs.
No. Because renting out a property generates income, insurers view it as a business activity. Standard home policies exclude rental risks, so you need a dedicated landlord policy to stay properly protected.
Yes, these terms are used interchangeably across the Canadian insurance industry. Both refer to specialized coverage designed for property owners who rent residential units to tenants.
Your insurance premium depends on factors like your property's location, building age, claim history, chosen deductibles, and added options like water damage or income protection. Connecting with a Navacord advisor is the best way to get an accurate quote tailored to your rental.
When arranging insurance for a rental property, it's important to let your broker know whether the home is being used for long-term rentals (typically leased for months or years) or short-term rentals (such as vacation rentals, Airbnb®, VRBO®). While both are rental properties, insurers view these risks very differently. Short-term rentals generally experience a higher turnover of occupants, increased liability exposures, and greater potential for property damage or theft. Failing to disclose short-term rental activity could result in coverage restrictions or even jeopardize a claim if the property's use differs from what was declared when the policy was issued.
If you are considering converting a long-term rental into a short-term rental, contact your broker before advertising or accepting bookings so your insurance can be reviewed and updated if needed.
