Skip to main content
Ratehub logo
Ratehub logo

Rental property insurance & landlord insurance quotes

In the market for income property insurance? Compare landlord insurance quotes with us for free – your best rate is less than five minutes away.

How to compare landlord insurance quotes with Ratehub.ca

  1. Share information

    Tell us a little about yourself and your property coverage needs.

  2. Compare quotes

    We'll show you landlord insurance quotes from top Canadian providers.

  3. Save money

    Choose your quote and secure your landlord insurance rate online.

A few things we're proud of

  • 1,200,000

    monthly users

  • 11 years

    young

  • Over 1M

    better choices made

  • Trusted partner

    to Canada’s top financial institutions

What is landlord insurance?

Matt Hands

Do you own an investment property? And do you consider yourself a landlord? If so, there's a special type of home insurance you need to purchase. It doesn't just protect your home from liability and damages; it can also protect your stream of rental income.

Rental income property insurance (also known as landlord insurance) is designed for these types of homes. Being a landlord comes with a lot of risks, and while it's supposed to make you some extra cash, that's not always the case. So be sure to protect yourself financially ahead of time with the right coverage on hand. 

Common types of landlord insurance

Rental income property insurance is similar to traditional home insurance in many respects. Most policies include the following types of coverages.

Property coverage


Landlord belongings


Liability coverage


Loss of rental income


Popular landlord insurance add-ons

For a more complete policy, you can also extend your coverage with add-ons. That way, your rental income property insurance can be more catered towards your needs.

Flood insurance


Earthquake insurance


Extended contents insurance


Airbnb coverage


Non-payment of rent


How much does landlord insurance cost?

The cost of landlord insurance can differ greatly, depending on the type of property you're invested in. For example, insuring a house may cost you $900 per year while a condo can cost you $400. Rates will also change for owner-occupied and commercial properties.

compare quotes

What doesn't landlord insurance cover?

Much like a conventional home insurance policy, there are a number of situations in which you won't be able to make a claim. These can include the following:

  • General wear and tear
  • Tenant belongings (they'll need renters insurance)
  • Damaged caused by insects, termites, and rodents
  • Intentional tenant damage and tenant theft
  • Buildings under construction (you'll need builder's risk insurance)
  • Earthquakes and landslides (unless you have added coverage)

How to get cheap rental property insurance

  1. Bundle insurance policies

    Grouping your primary home's policy (or even your auto policy) with your landlord insurance under one provider often comes with great savings.

  2. Increase your deductible

    If you can afford paying a larger chunk of money out-of-pocket, increasing your deductible is one way to ensure you'll be paying a lower bill each month.

  3. Double-check your coverage

    Do you really need earthquake coverage if you're in a low-risk area? Look at your situation and consider what risks you're willing (or not willing) to take.

  1. Maintain your property

    Updating your rental home (e.g. roofing, plumbing, HVAC) can help lower your policy's rate. Insurers like to see low-risk properties.

  2. Avoid minor claims

    Having a messy claims history can raise your landlord insurance rate substantially. That's why, it's often a good idea to pay small expenses out-of-pocket. It can save you in the long run.

  3. Compare your options

    Settling with the first insurer you come across probably won't get your the best rate – instead, take some time to research and shop the market with us today.

Looking for Airbnb insurance instead?

Long-term rental property insurance isn't the same as Airbnb insurance – short-term rentals often require its own specialized policy. Click the link below to learn more.

Frequently asked questions

Is it worth getting landlord insurance?


Does landlord insurance cover tenant belongings?


Does landlord insurance cover vacancy?


Do landlords have to have insurance?


As a landlord, should I require renters insurance?


Is landlord insurance the same as home insurance?


Does landlord insurance cover tenant damage?


Matt Hands, Business Director of Insurance

With 6+ years of experience at Ratehub.ca, Matt’s focus has been on growing its newest business unit, Insurance. He is a thought leader and a valuable resource to respected publications across Canada. read more

The knowledge bank

A wealth of knowledge delivered right to your inbox.

By submitting your email address, you acknowledge and agree to Ratehub.ca’s Terms of Use and Privacy Policy. Contact us for more information. You can unsubscribe at any time.

About Ratehub.ca

Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.

When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place.

Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.

How does Ratehub.ca make money?

Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

read more about us