Property Coverage

Our property coverage protects the physical structure of your house or the betterments and improvements in your condo. Whether it’s the building itself or enhancements you’ve made to your condo unit, this coverage ensures you are safeguarded against a wide range of risks, including fire, wind damage, and vandalism. With this comprehensive protection, you can have peace of mind knowing that your investment is secure, and any repairs or replacements needed due to covered damages will be taken care of, allowing you to focus on managing your rental property without worry.

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    Landlords Contents

    Our landlord’s contents coverage protects the personal property you provide within your rental unit. This includes furniture, appliances, and other items that belong to you as the landlord, ensuring they are covered against risks such as theft, fire, and water damage. By securing this coverage, you can be confident that your valuable assets are protected, minimizing financial losses and enabling you to maintain the quality and appeal of your rental property for tenants. This comprehensive protection allows you to focus on your rental business with peace of mind, knowing that your belongings are protected.

      Liability Coverage

      Our Liability Coverage offers essential protection against legal claims arising from your rental property. This coverage ensures that you are financially protected if a tenant or visitor is injured on your property and holds you responsible. Key features of our Liability Coverage include:

      • Medical Payments: Covers medical expenses for injuries that occur on your rental property.
      • Legal Defense: Provides coverage for legal costs associated with defending against liability claims.
      • Property Damage: Protects against claims for damage caused by your property to someone else’s property.
      • Bodily Injury: Covers expenses related to bodily injury claims, including medical bills and potential settlements.

      Loss Assessment

      Loss Assessment coverage is essential for condominium owners, providing protection when your condo association’s master policy falls short. This coverage helps pay for your share of costs related to damage or liability claims involving common areas or shared structures. Whether it’s a large deductible on the master policy or expenses exceeding the policy limits, Loss Assessment ensures you are not left bearing a significant financial burden, safeguarding your investment and financial security.

        Special Assessment

        Special Assessment coverage is designed to protect condominium owners from unexpected costs levied by the condo association for major repairs or improvements. When the association’s reserve funds are insufficient to cover significant expenses such as structural repairs, roof replacements, or other large-scale projects, these costs are often passed on to unit owners through special assessments. This coverage helps you manage these unexpected financial obligations, ensuring that you can maintain your budget and financial stability while contributing to the upkeep and enhancement of your condominium community.

          Loss of Rental Income

          Loss of rental income coverage ensures you continue to receive rental payments if your property becomes uninhabitable due to a covered event, such as fire or water damage. This coverage compensates you for the income lost during the time it takes to repair or restore your property, providing financial stability and peace of mind. With this protection, you can ensure your rental business remains financially secure, even in the face of unexpected disruptions.

            Legal Expense

            Legal expenses coverage provides essential financial protection for costs associated with legal disputes arising from your rental property. This coverage ensures that you are supported in cases such as tenant eviction proceedings, property damage claims, or disputes over lease agreements. By covering attorney fees, court costs, and other legal expenses, this insurance allows you to manage legal challenges effectively without incurring significant out-of-pocket expenses. With Legal Expenses coverage, you can confidently address any legal issues that arise, knowing you have the necessary financial backing.

              Experience You Can Trust

              At Axis Insurance, we understand the unique needs and challenges faced by rental property owners in Canada. Whether your property is a bustling urban condo or a serene suburban house, your rental property is more than an investment—it’s a source of income and security. Since 1928, we’ve been dedicated to providing tailored insurance solutions that protect your investments and your peace of mind. Our expertise ensures that, regardless of your location or requirements, we deliver precise and personalized coverage at competitive prices, ensuring that every rental property owner in Canada feels secure and protected.

              Our Personal Insurance Team