Cancel the rental renewal in February and add the rental to the existing primary residence insurance policy midterm in February for the same date of the cancellation.
Jan 16th, 2017 1:38 pm
Jan 16th, 2017 3:16 pm
My primary residence and rental insurance are under one company now. But I am shopping around for a better rate.
Jan 16th, 2017 7:35 pm
In that scenario, you will have to bite the bullet unless you want to spend multiple hours in an attempt to receive a concession to have the short rate fee waived by escalating your concern through management/ombudsman.Zer0Zer0 wrote: ↑Jan 16th, 2017 3:16 pmMy primary residence and rental insurance are under one company now. But I am shopping around for a better rate.
The insurance companies that I have talked to require primary residence with them or they won't insure rental properties.
So if i do want to move to another company, I will have to pay for the cancellation for one property assuming if I move when a property is up for renewal?
Mar 6th, 2017 11:29 am
Mar 6th, 2017 1:06 pm
Mar 6th, 2017 4:11 pm
Mar 6th, 2017 8:52 pm
Mar 6th, 2017 11:37 pm
Mar 6th, 2017 11:51 pm
Why did they decline to insure it?morpheiz wrote: ↑Mar 6th, 2017 11:37 pmI am paying $14 a month for Landlord insurance for a condo in Markham.
Here is my policy. Is this too cheap?
Thank you for getting a home insurance quote from Square One. Based on the selections made, your premium is only $14.36** a month (or $172.32* a year). This quote includes:
$10,000 for Condominium Property Protection
$10,000 for Landlord's Property
$1,000,000 for Premises Liability
$5,000 Crime Deductible
$2,500 Earthquake Deductible
$1,000 Standard Deductible
https://www.evernote.com/l/ACLdo-hiysVJ ... hG6PAdGfVc
My personal residence is insuranced through Meloche Monnex but they would not insure my rental property. Strange.
Mar 7th, 2017 11:18 pm
Mar 20th, 2017 6:37 am
Mar 20th, 2017 9:23 am
If it's an owner occupied primary property, there shouldn't be an issue renting out a unit in the household. Just update your insurer.
Mar 20th, 2017 9:40 am
Mar 20th, 2017 10:31 am
condo? or apartment? condo has standard unit bylaw which defines the corporation (building) is responsible for restoring the minimum unit amenities in the event of a loss. personal insurance only kicks in when upgrades are involved.
Mar 20th, 2017 11:27 am
When you say "shouldn't be an issue", are you suggesting I won't have to pay anything additional? I appreciate the response but can you tell me what you're basing that on?