Rented dwelling insurance


(Ontario)

I have recently bought a rental property through my company. the insurance quote i received was amazingly high. I am wondering if I can insure it personally and not through my company? also, if this would have any affect on the quote.


Rented Dwelling and High Insurance Rates


Hello,
Rented dwellings are usually a higher premium than a principal residence.

That said, you might find lower rates if it was through your personal name than through your business. Especially if the rental is on a business insurance policy rather than a home insurance policy.

To insure it personally, you'll likely have to put the home in your name rather than in the business name. Shop around first.

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Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page.

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

Compare insurance quotes through Kanetix.ca - save time and money!