Having a rental property is a great way to generate some passive income; however, it does not come without its share of risks. Luckily, with the right rental property insurance policy you can protect yourself from many of the risks of owning a rental property. Protect your home, apartment or building against fire, sewer backup, personal injury, and more with a rental property insurance policy from Capital Insurance Brokers.
Advantages of Rental Dwelling Insurance
The advantages of landlord insurance include:
- Liability coverage for property damage
- Personal property coverage
- Loss of rental income protection
Policies can be customized to fit your needs, depending on the type of rental property you own. Capital Insurance will help educate you on what kind of insurance options are out there, and how to best protect yourself.
How Can Rental Property Insurance Help?
Below are just a couple of ways rental property insurance can make your life easier.
Example 1: Your rental home experiences a fire and takes a year to rebuild. Your loss of rental income protection will pay for the loss of rental income you would have received.
Example 2: A burst pipe requires you to replace your ceiling and carpet in your condo unit. Rental property insurance will cover the cost of the repairs.
Example 3: A passerby slips and falls on the sidewalk, and decides to sue you as the landlord. Your rental property insurance will provide you with the resources needed to hire a lawyer, pay legal fees, etc.
Rented dwelling insurance is often confused with tenant insurance, which is held by the renter’s themselves, not the landlords. Tenant insurance ensures that a renter’s personal items are protected in the event of damage, theft, etc., while rented dwelling insurance is focused on the people who own the rental property.
Excellent coverage, personal service
Since 2005, Capital Insurance Brokers has been proud to offer affordable insurance packages to Edmonton and the surrounding areas. Price isn’t the only thing that sets us apart. The real difference comes when you meet our team.
We believe in personalized service. We’re on a first-name basis with many of our clients. All brokers have a direct line, personal voicemail, and email address. There’s no need to navigate through multiple people; you can contact your broker directly. ]
We live, work, and raise our families in Edmonton and the surrounding communities. We know the hardships that face the every-day Albertan and understand the impacts of rising insurance costs. It’s why we’re proud to have helped thousands of home and business owners save money and protect their assets since we started as small corner office in a Castledowns strip mall.
Contact our team and get started today!
Here's what our clients are saying about us:
“Mackenzie never fails to impress”
Capital Insurance has been a dream to work with over the past two and a half years. When I purchased my first home, Mackenzie was extremely knowledgeable and thorough in getting the right coverage for me. I appreciate him taking the time to walk through all the options and not pushing unnecessary coverage! On his suggestion, we even found a way to combine my auto coverage and save a decent amount of cash.
On top of that, Mackenzie never fails to impress when handling change requests (often within a couple hours) and with follow-up calls if there are any changes made by my insurance provider.
10/10 would recommend!