Landlord Insurance

Landlord Insurance

When Apartment building owners experience a loss to their property it can be disastrous for several reasons.

Not only do they have to replace the structure but they also have to make up the loss of income from rents that are uncollectible due to damaged units. Does your insurance cover you for both of these risks?

As an apartment owner in Ontario and the surrounding area you may also be held liable for injury to your tenant's and visitor's or damage to their property. One of the most common types of claims an apartment owner experiences is for slip and falls. Has your insurance broker helped you to recognize the types of hazards that can lead to these types of claims?

You're probably wondering how much this type of comprehensive coverage will cost? Surprisingly little when compared to how much you have at risk.

Rental Property Insurance makes sense for anyone who owns an apartment building because it can cover major disasters like fire or windstorms, liability from lawsuits that can come from property damage or bodily injury claims and it can also protect your income if disaster does strike.

You've worked hard to build your income tenant by tenant, don't let one event take it all away.

Landlord Insurance

        Integrated Explorations Inc.

        We would recommend Colley Insurance to any organization without hesitation

        Teutech Industries Inc.

        They (Colley Insurance) have been able to effectively meet our ever changing requirements, due to our rapid growth, in a professional manner

        Knar Jewellery

        Over the last two decades, Colley Insurance has provided Knar Jewellery with unparalleled service and support.

        Here are two reasons to get started right now!

         

        1. It's never to soon to make sure your source of income is protected -- cover your apartments from disasters, lawsuits and income loss.

        A no-risk quote can give you peace of mind right away. Just fill out the form right now and we'll get back to you with the coverage you need and a very affordable quote

        The more your assets grow, the higher your liability risks are. No matter how well you’ve covered your bases, sometimes things go wrong. A car accident. A guest who slips and falls on your property. A lawsuit. If you don’t have the right coverage, an unfortunate situation can compromise your financial security and put your personal assets at risk.

        An excess policy responds when the underlying liability limits of your other policies, such as home and auto, aren’t enough to cover the unexpected costs of a lawsuit or accident.

        It is important to note that most Canadian insurance policies carry on average $1,000,000 of liability coverage. This limit can quickly become quickly exhausted and is very frequently limited to North America. The Group Personal Excess policy provided by Chubb Insurance provides up to $5M of worldwide coverage which extends to all dependent member of your house hold and also provides coverage for foreign owned assets.*

        * Territorial restrictions apply: Sudan, North Korea, Iran, Cuba, Syria

        Personal Liability (Homeowners) for bodily injury and property damage in the minimum amount of $1,000,000 per each occurrence.

        Registered and unregistered vehicles in the minimum amount of $1,000,000/$1,000,000 bodily injury and $1,000,000 property damage; or $1,000,000 single limit per each occurrence. Registered vehicles include motorcycles and motorhomes.

        Uninsured and underinsured motorist protection in the minimum amounts of $1,000,000 per each occurrence. This requirement does not apply to the provinces of Quebec or Manitoba.

        Watercraft less than 8 metres (26feet) and 50 engine rated horsepower or less for bodily injury and property damage in the minimum amount of $100,000 per each occurrence.

        Watercraft 8 metres (26 feet) or longer or more than 50 engine rate horsepower for bodily injury and property damage in the minimum amount of $500,000 per each occurrence.

        *The above liability limits must be in USD if the asset is located in the United States.

        Each participant is covered for a $5 million limit of liability, and there is no annual aggregate on the policy.

         

        Your Chubb Group personal Excess Liability coverage provides worldwide automobile rental coverage (subject to a few territorial restrictions), for up to 60 days. You can rent a car while on vacation and have coverage for personal injury and property damage without buying the additional insurance.

         

        Yes. At the time of writing this (November 1, 2017) you would not be covered in Iran, North Korea, Syria, Cuba and Sudan. Please check with us for any changes to these territorial restrictions.

        What do I do if there is an accident?

        Please contact Colley Insurance at 1-888-824-0445 as soon as possible, so we can help you through the claim process.

        Need any help!

        Office: 519-824-4040
        Toll-Free: 888-824-0445
        Fax: 519-763-6839
        customerservice@tgcolley.com
        1 - 34 Harvard Road Guelph,
        ON N1G 4V8