Compare and purchase Canada's best landlord insurance.
Get free & accurate quotes from Canada’s top insurance providers.
In just a few minutes, our quoter can unlock discounts that can have
you saving hundreds of dollars a year on average.
Get the best rates from Canada’s top insurance providers
Types of landlord insurance coverage we provide
Landlord insurance
Landlord insurance protects rental property and real estate owners from unforeseen losses related to their properties. It is similar to traditional home insurance in many respects, as most policies include the following types of coverage: property coverage, landlord belongings, liability, and loss of rental income.
Homeowners insurance is meant to protect properties that policyholders live in, whereas landlord insurance protects a property that is rented out by tenants. Landlord insurance protects the property owner's belongings and other aspects of the property listed on the policy. It does not cover or protect tenants' belongings.
Compare 10+ quotes and
speak to a dedicated advisor
National Coordinator of Professional Development
Landlord Insurance FAQs
Landlord insurance protects your rental property in the event of damage or loss; covering property and real estate owners from financial losses at their rental properties. Landlord insurance usually includes coverage for the building, contents that you own on the property, liability arising from ownership, and loss of rental income.
There is no coverage for rental properties under your home insurance policy. Even if you have a rental unit in your home (i.e. basement or garage) you still need to inform your insurance provider and purchase separate coverage.
No, landlord insurance is not mandatory in Canada. It is, however, required by lenders that a policy be in place before a mortgage is issued. No one will lend you money unless the property has insurance.
Landlord insurance provides protection for your building, items used to maintain the property and liability coverage. It also includes legal fees if you face a lawsuit.
Standard landlord insurance coverage:
- Property coverage
- Landlord’s belongings
- Liability coverage
- Loss of rental income
If you want more than what your standard landlord insurance policy covers, here are some things that you might want to add on to your current policy:
- Flood Insurance (sewer backup and overland water coverage)
- Earthquake Insurance
- Extended contents insurance
- Loss of rental income
- Airbnb coverage
No, landlord insurance does not cover tenants' belongings. Renters must purchase their own policy to protect their belongings (clothing, furniture) and other possessions in the event of a loss.
Here are the types of property you can get insured:
- Landlord-owned- detached or townhouse, single-family home
- Landlord-owned- detached, duplex, triplex, or 4-plex (* 2-4 units under one roof)
- Landlord owned-condo, low or high-rise building, or townhouse-style condo
The best way to get cheap landlord insurance is to combine it with your primary home policy. Most insurance carriers offer 'bundle and save' discounts. Talk to your advisor to see how you can save.
One of the most significant benefits of having landlord insurance is peace of mind. Having a rental property is a big investment so if anything goes wrong you have your insurance coverage to rely on to cover costs of repairs and/or replacement items.
Yes, as mentioned earlier, tenants need to purchase their own insurance policy to protect themselves financially in the event of damage to their belongings.
Landlords can now make tenant insurance a condition for a renter's lease, making it a requirement before moving in.
Average landlord insurance costs approximately 20% more than house insurance. But it also depends on what type of property you have for rental purposes. Talk to your advisor today to get a free quote on your landlord insurance!
Our Reviews
My experience with Surex is been for around 4 years. I am so thankful and especially to Devlin Bempong in Surex for his efforts in finding the right quote for my requirements.
Thank you Devlin!
A huge thankyou to Surex Insurance and a special appreciation to Mariam Chouciar for arranging the package pricing for all my vehicle's. See you next year.
Ben makes this easy for people who don’t understand insurance to get what they are looking for. He also helps fill in the gaps in things you didn’t know about. He’s also super patient.
Erich Rother was patient, creative and genuinely concerned about getting not only the most comprehensive insurance coverage but the best price available in a very volatile market. Exceptionally professional and thorough.
Related landlord insurance guides
Explore helpful guides that explain how landlord insurance works in Canada, including coverage basics, cost factors, and common policy terms.
Tenant insurance protects renters’ belongings and personal liability, filling gaps left by a landlord’s coverage and providing financial protection if unexpected events occur.
Tenant-landlord disputes often arise from unclear responsibilities. Knowing provincial laws, lease terms, and insurance roles helps avoid conflicts and resolve issues smoothly when problems occur.
Before moving out, know your legal notice obligations. This guide covers Ontario’s rules, tenant responsibilities, and tips for a hassle-free rental move.
