How to Protect Your Investment with Landlord Insurance in Ontario
Owning rental property in Ontario can be a lucrative investment, but it also comes with its risks. Whether you're managing a single unit or multiple properties, it is essential to protect your investment. One of the most effective ways to do this is by securing landlord insurance . This specialized insurance policy can help shield you from financial losses caused by accidents, property damage, and other unforeseen events. In this article, we will explore how landlord insurance works, why it’s crucial for Ontario property owners, and how you can protect your investment. What is Landlord Insurance? Landlord insurance is designed specifically for property owners who rent out their homes, apartments, or other real estate. Unlike typical homeowners insurance, which covers the property when it’s occupied by the owner, landlord insurance protects the property when tenants live there. This policy can cover damages to the property, liability for accidents on the premises, and loss of r