How Much Is Short-Term Rental Insurance In Canada?
If you own a secondary property, you may be renting it out and wondering how much is short-term rental insurance in Canada? Whether it’s a cottage, chalet, condo or house, you’re likely aware that renting to others opens you up to new risks. It doesn’t matter who you rent to or what online provider you use, as an owner, you’ve got lots to consider before (and after) jumping into the short-term rental market. That’s why it’s important to protect yourself appropriately by asking an ALIGNED Insurance broker how much is short-term rental insurance in Canada?
Short-term rentals = great ROI. Across Canada, online rental services such as AIRBNB help property owners generate additional income and connect renters with unique experiences in popular travel hot spots. Short-term rentals also create job opportunities for a multitude of related services such as cleaning and property maintenance.
But… short-term rentals also generate risks. Did you know that a typical personal lines condo and homeowners policy doesn’t appropriately cover “commercial use” i.e. renting it out to others? In fact, renting out your property to others could actually null and void your coverage, leaving you personally exposed to significant risk.
Is your coverage adequate? Insurance available through online services such as AIRBNB may have unexpected coverage gaps and holes that could leave you unprotected. Like any income-generating venture, renting your property out on AIRBNB or using a similar online website service comes with risks. Across the country, the ALIGNED team of experienced Canadian insurance brokers knows how to connect you with the best short-term rental insurance options that will protect your interests.
Need Answers To How Much Is Short Term Rental Insurance In Canada? Read This.
We help owners get short-term rental insurance. To ensure we secure appropriate insurance for your short-term rental property in Canada, we first need you to complete this brief AIRBNB Rental Property Insurance Application. Once completed and returned to quotes@alignedinsurance.com, we’ll get the quoting process started.
Here’s a preview of the info needed to get short term rental insurance in Canada:
- Specific details about the amount and duration of expected rental activity
- Snail mail address of the short term rental property location
- Details about the property – including replacement cost for the contents in the short term rental property
- Information about any historic insurance claims
| ALIGNED Across Canada
100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves nearly 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours. Uniquely within the industry, ALIGNED business insurance brokers create, negotiate and deliver the best business insurance and risk management strategies/solutions to organizations like yours. As one of Canada’s fastest growing insurance brokerages, we invite you to learn more about us and connect @ALIGNEDonRisk, on Facebook or LinkedIn. |