Landlord Insurance Alberta
Rental Property Insurance Alberta: Rented Properties Require Specialized Coverage
Are you Getting the Coverage You Need to be Properly Protected? Get Your Free Alberta Rental Property Insurance Quotes Today!
- Single-unit and Multi-property Rental Protection
- Commercial General Liability Insurance
- Rental Property Income Coverage Options Available
- Vacant Rental Property Coverage for Vandalism and Malicious Acts
Call us now to speak directly with an Insurance Specialist about Landlord Insurance or complete a no-pressure no-obligation quote request form.
Rental properties in Alberta require specialized coverage that goes beyond a standard homeowner policy. Whether you’re renting a single unit or managing multiple properties, our experts can help you compare rental property insurance and related protection such as home insurance Alberta or home and auto insurance, all designed to protect your investment.
Landlord Insurance Alberta
When you rent your apartment, condo or house, it is vital that you protect your investment. Fortunately, a quality Rental Property Insurance policy in Alberta from Leibel Insurance can protect you against a devastating financial loss. As a property investor, you need to purchase the best possible coverage in order to protect your investment.
If you are the new owner of a rental property, such as an apartment, condo or house, we can help you find the best landlord insurance deal on coverage and even offer a few tips that can help you profit the most from your new endeavour. First of all, you need to know that obtaining your Landlord Insurance or other types of insurance from Leibel Insurance means that you will be working with a broker who is local to Alberta.
Get a QuoteTogether with your broker, you can compare your Realty Insurance options in order to secure the ideal coverage for your specific property. We understand that there are no two rental properties that are exactly alike. It is crucial that the coverage that you purchase is based on the kind of real estate that you own. Your broker will provide you with a customized policy as well as all of the details that you need to make the most informed decisions regarding your coverage.
We work with landlords across Alberta, from Edmonton to Calgary, to ensure every property is properly insured. If you also own a personal residence, ask about our home insurance Calgary
and home insurance Edmonton options. For tenants or mixed-use properties, explore our tenant insurance Alberta and tenant insurance Calgary coverage to protect your rental income and your tenants’ belongings.
Basic Alberta Landlord Insurance Coverage
You may be thinking that this coverage is nothing but homeowners insurance for a landlord. Just like with a home insurance policy, your policy will cover the structure against damage from a number of different causes, such as fire, storms or malicious activities. Typically, a Landlord’s policy will also include liability coverage that will protect you in the event that someone sustains an injury on your property and you are determined to be at fault due to negligence.
Alongside landlord policies, our team also helps with condo insurance Alberta, condo insurance Calgary, and condo insurance Edmonton. Ideal for property owners renting out individual condo units or maintaining multiple investment properties across cities.
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A basic Alberta Landlord Insurance policy will generally feature the following coverage:
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General Liability Coverage:
Against accidents and injuries that take place on the premises.
One of the main differences between Realty Insurance and home insurance is that you generally do not need to obtain coverage for personal property, such as jewelry or clothing. The reason for this is that the people renting your property will be responsible for obtaining Tenants Insurance to cover their own property.
- Structure Coverage: For damages to the buildings, such as the apartment complex or rental home itself, as well as any garages, sheds, retaining walls, fences and swimming pools; maintenance or gardening tools and equipment that you own personally and use to maintain the rental property may also be included as well.
Therefore, your coverage will not need to include insurance for personal property, with the exception of tools or any other items that are used for property maintenance. However, if the Alberta apartment or home that you rent is furnished, you will need to invest in content coverage for your belongings that are kept in the rented space because the standard insurance for rental property won’t fully cover them.
Home insurance for rental property, also known as landlord insurance, provides essential protection for property owners and without it, they can risk significant financial losses, even if the tenant has renters’ insurance. If you’re looking for cheap landlord insurance, we’ve got you covered! As one of the best insurance brokerages in Canada, we offer affordable, yet comprehensive landlord insurance solutions from top-rated providers. Contact us today or fill our quote form to secure your coverage!
Looking for more comprehensive protection? Consider adding personal umbrella insurance to extend your liability limits or high-value home insurance for luxury properties and executive rentals. We also provide seasonal home insurance for cottages, vacation homes, or Airbnb-style rentals across Alberta.
Additional Types Of Landlord Insurance In Alberta To Consider
Even though a basic policy from Leibel Insurance will provide you with coverage for the usual claims and problems that you may encounter. However, there are some additional types of coverage available that you may want to consider adding to your Alberta policy, such as:
Business Insurance
You may need to consider investing in additional coverage if your rental business employs a staff that is responsible for taking care of your records, books and accounting in order to protect you against business fraud.
Legal fees
If a legal claim is filed against you, there are several expenses that may be associated with that event. Just the legal fees alone may be enough to put you out of business. Fortunately, your liability coverage will be able to help you with the cost of litigation in this type of situation.
Lost rent
Coverage of a loss of rent will help you by replacing the rental income that you lose when a covered event renders your rental property uninhabitable, such as fire, flooding, etc.
Umbrella Liability
With this type of insurance in place, you will have additional coverage in the event that the cost of a claim is so substantial that it exceeds the limits of your standard liability insurance.
Workers Compensation
If you have an office staff or a maintenance staff, then you will need to invest in Workers Comp in order to protect such employees if they are ever injured or become ill in relation to the job that they perform.
Get the Right rental property insurance Alberta for Your Properties
Do not make the mistake of thinking that a homeowners policy or a standard business policy is going to provide you with adequate coverage for your rental properties. In order to find out how you can save time and money on the ideal Realty Insurance policy, click on the quote request button now before it is too late.
Get a QuoteWhether you manage condos, rental houses, or seasonal properties, Leibel Insurance makes it easy to protect them all. Explore related options like tenant insurance Edmonton, personal insurance, and rental property insurance, then request your free quote to see how much you can save.
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