Rental & Investment Property Insurance in Ontario
Landlord and rented dwelling coverage for properties you own but don't live in — the building, your liability as owner, and loss of rental income after an insured loss. I place rental and investment property policies across 20+ Ontario carriers, plus MGA and specialty markets.
Ontario property owners
- Single rented dwellings and secondary suites
- Duplexes, triplexes and small multi-unit buildings
- Condo units rented to tenants
- Investors adding a second or third property
- Owners converting a former principal residence to a rental
- Portfolios that need consistent wording across properties
Core protection
- Building at replacement cost or guaranteed replacement
- Landlord-owned contents and appliances
- Premises liability, typically $2M
- Loss of rental income after an insured loss
- Sewer backup and overland water endorsements
- Optional equipment breakdown and vandalism coverage
Rented dwellings are underwritten differently
Occupancy is what drives a rental file: who lives there, how long the lease runs, whether the unit is furnished, and how old the roof, wiring and plumbing are. Carriers price those factors very differently, and a homeowner form left in place after a property is rented can fail at claim time. I place the property on the correct rented dwelling form and compare it across the market, including specialty and MGA options for student rentals, short-term rentals and older buildings standard insurers decline.
Questions Ontario clients ask
What is rented dwelling (landlord) insurance?
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A rented dwelling policy insures a property you own but do not live in. It covers the building, landlord-owned contents and appliances, liability as the property owner, and loss of rental income if the unit becomes uninhabitable after an insured loss. A standard homeowner policy will not respond once the property is tenant-occupied.
Do I need to tell my insurer that my property is rented?
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Yes. Renting out a home, basement suite or condo without telling the insurer is a material change in risk and can void coverage at claim time. Insure Me Good moves the property onto the correct rented dwelling form so the policy actually responds.
Does landlord insurance cover my tenant's belongings?
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No. Your policy covers the building and your own property. Tenants insure their own contents and liability, and most Ontario landlords require proof of that in the lease.
Can you insure multiple rental properties or a small portfolio?
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Yes. Multiple rented dwellings, duplexes, triplexes and small investment portfolios can be placed together across 20+ Ontario carriers, plus MGA and specialty markets, which usually improves both pricing and consistency of wording.
What about student rentals, rooming houses or short-term rentals?
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These are non-standard risks and only some carriers will write them. Occupancy type, number of unrelated occupants and rental frequency all matter. Specialty and MGA markets are available for properties standard insurers decline.
Is loss of rental income included?
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Most rented dwelling policies include a rental income limit tied to an insured loss, typically 12 to 24 months. The limit should reflect actual monthly rent, so it is worth reviewing at each renewal as rents change.
Who places this coverage?
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Abhishek Bedwal, a RIBO-licensed independent broker in Whitby, operating as Insure Me Good under The Insurance Lab, a division of BrokerUnion Insurance Inc. Call 365-536-0404.
Abhishek Bedwal · RIBO Certified Insurance Broker
Abhishek is a Registered Insurance Broker of Ontario (RIBO) licensed across the province, with local expertise across Durham Region, Ottawa, Niagara Falls, Brantford and Windsor. Coverage is placed through The Insurance Lab, a division of BrokerUnion Insurance Inc., giving clients access to 20+ Canadian insurers so the policy fits the risk — not the other way around.
Get a rental property insurance quote
Send the property address, lease details and current coverage and I'll compare Ontario rented dwelling markets for you.
Coverage placed through The Insurance Lab · Division of BrokerUnion Insurance Inc.