Rental Property Insurance in NS, NB & PEI

Owning an apartment building—or multiple buildings—is no small task. When an accident happens, like a fire or water damage, the last thing you want to worry about is whether your insurance will cover everything you need. Does your policy protect your lost rental income while repairs are underway? Will the coverage limits be enough to fully replace your building?

Some insurers allow you to add an apartment building to your personal insurance policy, depending on its size. But it’s important to ensure the coverage meets your full needs. Beyond just the structure, you need protection for rental income replacement, liability, and more. Our Nova Scotia Apartment Owners Insurance specialists will assess your property to help you secure the right coverage and peace of mind.

Condo Associations

If you’re part of a condo association, a specialized condo association insurance package is vital. This coverage protects the entire condominium property—common areas, shared facilities, and the building’s structure—from risks like fire, vandalism, and liability claims. It also helps cover legal costs and damages related to disputes or claims involving the association. Whether you’re on the board or a property manager, having the right condo association policy ensures the community’s assets and finances are protected.

Short-Term Rentals

With the rise of Airbnb and similar platforms, short-term rentals have become popular. If you rent out your apartment or home on a short-term basis, and own the contents or appliances, it’s crucial to have proper coverage. Talk to your broker about options that protect you from:

• Theft or attempted theft by tenants or their guests

• Damage caused by tenant vandalism

• Theft or damage to your tenant’s property

• Loss of fair rental value due to property damage