Home insurance
for rental property owners

Basic insurance includes liability coverage for any damage you may cause to others.

Specified perils coverage on a building and its contents covers the insurable perils named in your home insurance policy, such as fire, theft and vandalism. The outbuildings (detached garage, shed or storage room, etc.) can also be protected.

All-risk coverage does more than just protect your building rented to third parties—it gives you peace of mind by covering all risks that are not specifically excluded.

Examples:

• A fire breaks out in a tenant’s kitchen and a few cupboards are damaged.
• A tenant’s dishwasher leaks and damages three floors.
• During a move, a washer is accidentally dropped and breaks the ceramic tiles at the entrance.

Several options are available to supplement your basic insurance, including:

• Sewer backup
• Water damage
• Fuel oil leaks
• Water main
• Leased personal property
• Other coverage options