Protect your rental property with landlord insurance

Buy landlord insurance online in 5 minutes.

If you have an income property, you want to make sure your investment is fully protected. Landlords with rental properties in B.C., Alberta, Ontario, Quebec, New Brunswick, Nova Scotia or P.E.I. can buy insurance online with Sonnet in just a few clicks. Get customized coverage, in language you can understand, at a competitive price – and do it all online. With Sonnet you can buy and access your landlord insurance online, so you can live your life without worrying about your rental property.

Owning a rental property is a big responsibility, and with it comes a whole new set of risks. Here’s a summary of standard coverages in a landlord insurance policy that will help protect you and your rented home, and a few optional add-ons for extra peace of mind. Remember, every landlord has unique needs. Be sure to review your policy to understand what you’re covered for and what you’re not. Want to know more? Check out our sample landlord policy.

Standard landlord insurance coverages
Liability Insurance

This coverage protects you in case you’re sued. You’re covered by landlord liability if a tenant or visitor is injured on your property and you’re found legally responsible, or if you cause unintentional damage to another person’s property.

Rented Dwelling and Detached Structures

If something happens to your rental property, we’ll pay to repair or rebuild it. And, we do the same for detached structures like your garage, garden shed or fence.

Landlord's Belongings

Protect items you own that you keep at your rented home – like landscaping equipment, maintenance equipment and household appliances or furnishings. 

Loss of Rental Income

If your tenants can’t live in your rented home because of an insured loss or damage, we’ll replace your rental income until your property is repaired or rebuilt, for up to a year.   

Additional landlord insurance coverages
Sewer Backup

This coverage can help in some smelly situations. If water backs up or escapes into your home through a sewer, sump, septic tank, or floor drain, this will cover you for the damage caused. Coverage offered depends on eligibility.

Overland Water

You’re covered for damage to your home caused by fresh water, such as excessive rain, spring run-off and melting snow, coming in at ground level through windows and doors. Coverage offered depends on eligibility.

We’re Canada’s first fully online home and auto insurance company. With us, you can quote, purchase and manage your policy entirely online. Here’s why else we think you’ll love being insured with Sonnet:

Log in anytime to manage your account, access your policy, update your coverages and more.  

On top of our 24/7 claims support, you have the option of an express claim for small losses. 

Online doesn’t have to mean on-your-own. Email, chat or call our fully-licensed insurance agents and experience our 91% customer satisfaction score.

At Sonnet, we combine your unique information with a whole lot of math and analytics to build our best price just for you – savings automatically included. Here are a few ways you could save on your landlord insurance:

No claims in the last 5 years? This could mean extra cash in your pocket.

Insuring more than one property could qualify you for a multi-location saving.

Bundling your home and auto policies could mean up to 20% savings for you.

"My only regret is not finding you sooner. If there’s anyone out there who’s still shopping around for home / auto insurance – stop. You’ve found it, right here. Go Sonnet!" "Super easy, super customer service, super price. Almost a third of the price of other companies for house insurance. Couldn’t be happier with this company. Thanks Sonnet."

Being a landlord isn’t easy. That’s why we’ve made it so simple to get a landlord insurance quote with Sonnet. Read through our current blogs or most frequently asked questions about landlord insurance to get started.

Does my homeowners insurance cover my rental property?

Well, it depends on your situation. If the home you live in is insured with Sonnet, we’ll cover you if you’re renting rooms to no more than 2 roomers or boarders. Or, you may rent out one additional unit (like a basement apartment) in your house, to no more than one household. A household can be a family, or it can be a couple or unmarried partners, over the age of majority, that co-habitate (but are not students). Keep in mind that Sonnet provides coverage for either one or the other of the above situations – but not both together. 

If you’re renting out a separate property, you’ll need a landlord policy. 

No matter what, you should always review your policy wordings to make sure you’ve got the right insurance for your rental needs. Still have questions about landlord insurance? Get in touch with us – we’re happy to help!

I rent my home out from time to time. What kind of coverage should I get?

Well, it depends. If there are no more than two renters, you’re allowed to rent part of your house out under your Homeowners Policy. You’re also covered if you have one additional unit within your home that’s rented to one family only.

If you’re renting out a property separate from your home our Landlord Policy will make sure you’re covered if there’s any damage to items that belong to you and the property. Things like major appliances, fixtures or tools (a lawn mower or snow shovel are a couple of examples). If you live in your home, but you have more tenants than our Homeowners Policy allows for, you can purchase our Landlord Policy in addition, to cover you and your home adequately.

Are my tenants covered by my landlord insurance?

Your landlord insurance doesn’t cover your tenants’ stuff. Renters need to buy their own tenant (or renters) policy to cover their clothes, furniture and everything else they own in case something happens. 

Although renters insurance isn’t required by law, it’s highly recommended. Why? Well, because it has benefits for both you as a landlord and your tenants. It provides peace of mind for tenants by repairing or replacing their things if they’re lost or damaged in a fire, flood or another covered event. If something happens to your rental property and your tenants can’t live in it, their renters policy will pay for a place for them to stay until they can move back in or find another place to live. And, it protects your rental property too, as renters liability will help cover costs if a tenant damages your property.

What do landlord’s belongings include?

Landlord belongings include your items that are kept in the property, such as furnishings. Even if you rent out your property as “unfurnished” this coverage is still required, as it includes landscaping equipment, maintenance equipment and household appliances (e.g. fridge, washer, oven).

The 5 minutes to get insured is based on the average Sonnet customer experience.

Bundling discount reflects the best possible savings a customer could receive by bundling their home and auto coverage. Depending on your quote details, you may not be eligible for a discount.

The Sonnet customer satisfaction score is based on the average survey results of Economical Insurance respondents between January to December 2018.