Left Navigation Rental Properties Before renting out your primary or secondary residence, contact your insurance representative. Make sure that your home insurance provides adequate coverage and no exclusions apply. Insurers treat owner-occupied homes differently than homes rented to third parties. Changes in occupancy can affect your coverage, so always speak to your insurance representative if you are considering a change. Landlords and tenants have different rights and responsibilities. Consider your insurance coverage and responsibilities before you rent your property. Renting Out Your Primary Residence? A major sporting or cultural event is coming to your city. You decide to rent your home to visitors for a few weeks and take a holiday. While you are away, a burglary occurs and your jewellery is stolen. You call your insurer to make a claim. Are you covered?Your homeowner’s policy was designed specifically for you and sold with the expectation that you, the owner, would reside in the dwelling. Some policies may not permit you to rent your home to someone else, even for a short period of time.Before you rent your home, or even a portion of it, check with your insurance representative to determine how the arrangement may affect your insurance coverage. Insurance Tips for Residential LandlordsLearn the telltale signs of a marijuana grow-op, what your insurance policy covers if your rental property sustains damage, and how to protect yourself from grow-op damage and other liabilities.What is Tenant's Insurance? In a word, yes! Get the details on what tenant’s insurance covers, the type of coverage you need and when you will need it.Are You a Landlord?Renting out your basement? Taking in boarders? If yes, you’re a landlord. Even if you’re having a friend move in with you temporarily, you should inform your insurance representative in writing before altering your living arrangements, to ensure you have the right coverage. Related ServicesTenant Insurance Understanding basic tenant insurance for contents and liability can help you rest easier. Useful LinksBuying Home InsuranceAs a homeowner, you need to insure your house for replacement costs so that in the event of serious damage or destruction you have adequate coverage. Be sure to keep your home insurance current by reporting material changes or upgrades.Home Inventory ApplicationA current inventory of your belongings makes it easier to file a claim. Keeping your records off-site is wise in case a fire or flood damages your property. Consider updating your home inventory each spring and advise your insurer of any major purchases.Act of GodInsurance companies don’t use the phrase “acts of God.” They use the word “perils” to describe events that an insurance policy covers, and “exclusions” for events or situations that are not covered.