Non-Standard Property Insurance

What Type of Properties can Non-Standard Property Insurance Cover?

If you’re a residential or commercial property owner having difficulties getting property insurance coverage, ALIGNED can help you secure the coverage you need to protect yourself and your property. Our non-standard property insurance policies can cover owners of properties with construction issues, vacant properties, high-risk properties and more. 

The following are examples of properties and situations that non-standard property insurance is designed to cover:

  • Banquet halls
  • Bars and taverns
  • Commercial buildings with high-risk tenants
  • Commercial and residential properties with construction, occupancy, protection and/or exposure issues (i.e. COPE issues)
  • Difficult to insure locations and properties
  • Licensed cannabis producers
  • Older buildings including heritage buildings
  • Owners with no previous insurance in Canada, gaps in coverage, multiple or non-standard mortgages or previously cancelled or declined insurance
  • Owners with past or open claims
  • Owner-occupied dwellings (including rented and seasonal)
  • Properties in remote areas
  • Properties undergoing renovations
  • Rented and Seasonal Dwellings
  • Shared accommodation properties e.g. student housing, rooming/boarding houses
  • Short term rentals (e.g. Airbnb)
  • Unprotected Properties 
  • Vacant buildings and property, both residential and commercial

What can be Covered by a Non-standard Property Insurance Policy?

Generally speaking, a non-standard property insurance policy can provide general and premises liability to cover owners, landlords and tenants. This means that if someone is injured on your property, you’re protected with coverage for the injured person’s medical expenses and lost income related to the injury as well as legal fees, settlement costs and awards for damages if that person decides to sue.

Other coverage highlights of a non-standard property policy include protection for perils such as fires, flooding, sewage backups, earthquakes, water damage, windstorms, theft, vandalism and others. 

For owners of residential properties, whether owner-occupied or rented, that means repair or replacement coverage for the structure of the home, condo, townhome, etc., as well as the contents inside like the furniture, appliances, electronics, clothes, and other personal property.

For owners and tenants of commercial properties, protection of a non-standard property insurance policy can include repair or replacement of the following:

  • Buildings and structures
  • Upgrades and renovations done to rented offices and units
  • Office equipment such as phones, computers, printers
  • Machinery, equipment and tools
  • Employee property
  • Office supplies
  • Furniture, desks, filing cabinets
  • Stock or inventory
  • Business records
  • Cash, financial instruments 
  • Other assets

It’s also possible to include Equipment Breakdown Insurance as part of your non-standard property policy which can protect you from losses caused by a breakdown of equipment and the costs to repair and/or replace machinery and equipment in case of perils such as electrical arcing, power surges and others. 

Save yourself the time, money and frustrations of shopping around to get approved for non-standard property insurance. Get ALIGNED with a broker who can get you the coverage you need at affordable rates.

When you choose ALIGNED, you get an advocate on your side every step of the way. We have relationships with Canada’s top insurance companies and can get you specialized coverage at rates you can afford. Contact an ALIGNED advocate to get a free quote on non-standard property insurance in minutes or get started right away by using our free online tool.

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