Insurance for Landlords in Ontario

Protect Your Rental Property. Protect Your Income.

Being a landlord in Ontario means managing risk every day. From tenant injuries to property damage to unexpected income loss, business insurance for landlords gives you the financial protection you need to keep your rental business stable, profitable, and stress‑free.

GET A QUOTE

What Does Landlord Insurance Cover?

Also called rental property insurance or income property insurance, landlord insurance is built for properties you rent out. This coverage protects your rental income, property value, and legal exposure.

It typically includes:

Commercial Property Coverage

Protects the building itself from fire, water damage, vandalism, storms, and more.

Equipment & Systems Protection

Covers boilers, HVAC systems, electrical panels, and other essential building systems.

Optional Add‑Ons

Sewer backup, flood coverage, cyber protection for digital rent systems, and more.

Loss of Rental Income

Replaces lost income if your unit becomes unlivable due to an insured event.

Landlord Contents Coverage

Protects appliances, tools, and furnishings you own and provide.

General Liability Insurance

Covers legal and medical costs if a tenant or visitor is injured on your property.

Coverage that helps you protect your property with confidence.

Get the peace of mind you need to rent out your property with confidence. Request your custom quote and we’ll deliver insurance tailored to your business.

GET A QUOTE

Who Needs Landlord Insurance?

Any property owner who rents out space for income should have landlord insurance, including:

  • Residential landlords: Single homes, duplexes, triplexes, student rentals.

  • Commercial landlords: Retail units, offices, mixed‑use buildings.

  • Multi‑unit property owners: Apartment buildings and multi‑residential complexes.

  • Short‑term rental hosts: Airbnb, VRBO, and vacation rentals.

If you collect rent, you’re running a business that needs protection.

GET A QUOTE

Why Ontario-Based Landlords Need Insurance

Without proper coverage, a single incident can cost tens of thousands of dollars. Landlord insurance helps you:

  • Avoid paying out‑of‑pocket for major repairs

  • Protect yourself from tenant lawsuits

  • Keep rental income flowing even after a disaster

  • Maintain long‑term property value

  • Meet lender or mortgage requirements

GET A QUOTE

What’s the Difference between Landlord Insurance and Home Insurance

If you own property in Ontario, understanding the difference between landlord insurance and home insurance is essential. While the two policies may look similar at first glance, they protect very different situations. Not having the right type of coverage can lead to denied claims and expensive surprises.

Home insurance does not cover rental income, tenant‑related risks, or damage caused by renters. Using home insurance for a rental property can lead to denied claims.

Learn more about Landlord Insurance vs. Home Insurance.

GET A QUOTE

INSURANCE FOR EVERY PROPERTY

Lock in the best coverage with aha.

Whether you own one rental unit or a full portfolio, landlord business insurance gives you peace of mind and financial stability. Protect your investment today with a policy built for Ontario landlords.

GET A QUOTE

Landlord Insurance
FAQs

  • Landlord business insurance is a customized policy designed to protect rental property owners from the financial impact of accidents, lawsuits, and property damage. It combines commercial property coverage, liability protection, and optional add‑ons tailored to the type of rental you operate.

    If you want a deeper breakdown of coverage types, explore coverage explanations.

  • If you rent out a home, condo, basement suite, or multi‑unit building, you need landlord insurance. Home insurance does not cover rental activity and can lead to denied claims if the insurer isn’t aware of tenants.

    See how it compares: landlord vs home insurance.

  • Most Ontario landlord insurance policies include:

    • Property coverage for fire, water damage, vandalism

    • Landlord liability if a tenant or visitor is injured

    • Loss of rental income after an insured event

    • Landlord contents like appliances and fixtures

    • Optional add‑ons such as sewer backup, flood, and equipment breakdown Explore optional coverages.

  • It depends on the policy. Accidental damage is often covered, while intentional or criminal damage may require additional protection. Tenants should also carry tenant insurance to cover their belongings and liability.

  • Some policies include short‑term rental coverage, but many require an add‑on or a separate policy. Always tell your insurer if you host Airbnb, VRBO, or vacation rentals.

  • Costs vary based on:

    • Property type and age

    • Location

    • Number of units

    • Coverage limits

    • Claims history

    • Optional add‑ons

  • Yes, if this coverage is included in your policy, and your rental becomes unlivable due to an insured event (like fire or water damage), loss of rental income coverage can replace your rental income during repairs.

  • It’s not legally required, but mortgage lenders often require it, and going without it exposes you to major financial risk. Renting out a property without proper coverage can also void your home insurance.

  • Yes. Even if you live in the home, renting out a basement suite, room, or secondary unit changes your risk profile. You may need a hybrid home/landlord policy.

  • You can start your quote online by sharing details about your property, tenants, and coverage preferences. One of our expert brokers will reach out to you with a quote and policy options.