Affordable insurance for landlords
Landlord insurance, clarified
How do I buy landlord insurance from Onlia?
Once you have a home insurance policy, you can purchase a second policy for your rental property. You can always add a second home — Onlia makes it easy.
Don’t have home insurance with Onlia? Click here to get your home quote now.
How does landlord insurance help me?
Being a landlord can be stressful because you’re not always on site at your property. Having insurance gives you peace of mind that your property is protected, even when someone else is living in it.
Do I need landlord insurance?
Landlord insurance isn’t mandatory in Ontario, but most lenders require it if you have a mortgage. It's a good idea to opt for landlord insurance since it offers peace of mind if an unexpected incident occurs.
What’s the difference between landlord and tenant insurance?
The difference between the two is simple; landlord insurance covers your rental property, third-party bodily injury, physical damage and repairs, as well as any loss of net rental income. Tenant insurance covers their contents that they bring with them to the unit. For example, if a grease fire ruins the stove and wall, and takes a small flat-screen TV with it, the landlord’s insurance will cover the appliance, repairs and cleanup, while the tenant’s insurance will cover the TV and provide temporary lodgings for them.