Additional Coverage Options for Landlords
A basic rental dwelling insurance policy does not include all scenarios. For example, your property insurance policy could include the items below, which could potentially save you hundreds to thousands of dollars, depending on where you live and what you own.
Sewer-Back up & Overland Water Insurance, you may want to consider adding sewer back-up and overland water insurance coverage for extra protection.
Sewer Back-up is water damage from the back-up or escape of water/sewage from a sump pump, sewer or septic system.
Overland Water Insurance, often called flood insurance, may cover you if water enters the home through an overflow in the basement, a lake or river. Insurance companies each define this type of insurance differently, but it may include the sudden overflow of water from surface waters (e.g., rainfall, thaw). If in doubt, contact a Rhodes & Williams broker to ask for details and get a direct quote based on your unique needs as a landlord.
Umbrella Liability Insurance
Umbrella liability insurance may work for you if you like an extra cushion of protection in a scenario where the worst happens. Remember, every home is unique so you will likely have different coverage than your neighbours. If you have any questions, please reach out to one of our brokers. Our job is to help you find what you need, quickly and with ease.