Landlord Insurance in Canada
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.