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 rental property 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
Price is just one part of what sets apart Capital Insurance Brokers from our competitors. The real difference comes when you get to know us.
Each broker has a direct line, personal voicemail, and email – which means that you don’t have to worry about repeating the same story twice when you call in. In fact, most of our clients are on a first-name basis with us.
All of our brokers live and raise our families in Edmonton and surrounding areas – just like you – so we understand the challenges faced by Albertans as auto and home insurance rates continue to rise. That’s why we’re proud to have been able to help thousands of homeowners and business owners save money and protect their assets since we started in 2005 as small corner office in a Castledowns strip mall.
We can’t wait to meet you!
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!