Habitational
Property Insurance
CA$ 1,000
All Provinces
Yes
- Premises Liability
- Property Damage
- hard to place residential properties
Product Overview
Habitational by Modern Specialty Insurance is a personal property program built for hard to place residential properties in Canada. It helps protect the dwelling, outbuildings, and personal liability when standard markets step back.
The program responds to property damage and premises liability, with a $700 deductible applied to eligible claims. It is available in all provinces, giving brokers national reach with one facility.
About Habitational by Modern Specialty Insurance
The product supports a wide mix of risks, including primary homes, rentals, secondary homes, seasonal properties, and vacant dwellings. That flexibility helps brokers keep complicated portfolios under one consistent approach.
Underwriters look closely at how each property is used, how often it is inspected, and who maintains it, especially for rental, seasonal, secondary, and vacant homes. Clear inspection routines and caretaker details help the program handle higher risk occupancies more confidently.
Habitational by Modern Specialty Insurance is designed for brokers who need structure around non-standard dwellings while still keeping placements practical. Brokers can review the application forms, habitational webpage, and program documents on this product page, then connect with the company via the ‘Contact Underwriter for Quote’ for tailored terms.
Habitational by Modern Specialty Insurance FAQs
What types of dwellings are considered “hard to place” for this program?
Hard to place dwellings generally include properties with unusual occupancy, longer vacancies, or less frequent on-site oversight than standard homes. The supplementary application highlights these concerns by asking about vacancy length, inspection frequency, caretaker details, and whether tenants carry their own insurance, before underwriters will consider terms.
What types of dwellings can be insured under Habitational by Modern Specialty Insurance?
The program accepts a mix of residential risks, from standard primary homes through to more complex non owner occupied or intermittently occupied dwellings. It then uses occupancy, inspection routines, and use details from the application to decide how each location fits within its property and premises liability offering.
What is the role of premises liability in this Habitational by Modern Specialty Insurance product?
Premises liability addresses third party injury or property damage that arises from conditions at the insured residence, subject to policy wording. In this product, it sits alongside property damage cover so residential owners and landlords can protect both the building itself and their liability exposure on the same placement.
How does the program approach risks that include both owner occupied and tenant occupied dwellings under one account?
The application allows multiple locations to be described with their own occupancy details, so owner occupied and tenant occupied homes can appear under a single account. Underwriters then review each dwelling’s use, inspection pattern, and maintenance arrangements, and can apply suitable terms while still treating the group as one portfolio.
How does this Habitational program handle different occupancies within one portfolio?
Different occupancies are first separated by how the dwelling is used, then assessed using specific questions for rental, vacant, secondary, and seasonal risks. Habitational by Modern Specialty Insurance relies on that structure, plus consistent inspection and caretaker information, so underwriters can line up appropriate conditions and pricing across a mixed residential schedule.
Hard to place Property
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