Rented Condominiums
by Cansure
Property Insurance
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Yukon
Yes
- Contents
- Property Damage
- short-term rented condos
- rental pools
- long-term rented condos
- seasonal condos
Product Overview
Rented Condominiums by Cansure is designed for owners who lease out their condo units, whether for short stays, long-term rentals, or seasonal use. This product offers protection for personal property inside the unit and covers property damage, helping owners manage risks that come with renting.
With this policy, there is no deductible, making it easier for owners to recover from covered losses. It is available in many provinces and territories, including Alberta, British Columbia, and Ontario, giving brokers a wide reach for their clients.
About Rented Condominiums by Cansure
This coverage is tailored for various rental situations, including rental pools and vacation condos. The product focuses on the owner’s interest in the unit, not the building itself, and includes options for loss of rental income and liability protection.
Rented Condominiums is only available through insurance brokers who have a contract with Cansure. Brokers can customize coverage limits to fit each client’s needs and access support from Cansure for applications and claims.
For more details or to start a quote, brokers can use the ‘Contact Underwriter for Quote’ option or explore the resources on this page. This makes it easy to find the right fit for clients looking to protect their rented condos.
Rented Condominiums by Cansure FAQs
What line of business does this policy fall under?
Rented Condominiums by Cansure is a property insurance product. It is designed to protect condo units that are rented out, covering both contents and property damage.
Does this product include building coverage?
This insurance does not include coverage for the entire building. Rented Condominiums by Cansure only protects the unit owner’s interest and personal property inside the condo.
Can seasonal condos be insured with Rented Condominiums by Cansure?
Yes, seasonal condos are eligible for coverage. Owners who rent out their condos for part of the year can use this Cansure policy to protect their property and contents.
Does this product provide liability coverage?
Yes, liability coverage is included. This protects owners against claims for injury or property damage to others that may arise from renting out the condo unit.
Is loss of rental income covered by Rented Condominiums by Cansure?
The policy may cover loss of rental income if the unit becomes uninhabitable due to a covered loss. This helps owners recover financially during repairs.
Are there customizable coverage limits with Rented Condominiums by Cansure?
Yes, coverage limits can be tailored to meet the needs of each owner. Brokers can adjust the policy for different rental situations and client preferences.
Does this insurance require an application form?
An application form is required for underwriting. Owners or brokers must provide details about the condo, rental arrangement, and other relevant information to secure coverage.
What is a rental pool in the context of Rented Condominiums by Cansure?
A rental pool is a group of condo units managed together, with rental income shared among owners. Cansure covers these collective rental arrangements.
Is this product available across Canada?
Rented Condominiums by Cansure is available in many provinces and territories, including Alberta, British Columbia, Ontario, and more. This broad reach helps brokers serve clients nationwide.
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