Partnerships with over 50 leading Canadian insurance providers
Insurance for student house rentals
Cities and towns with university and college campuses offer great investment opportunities for property owners looking to own and manage a student rental property. However, student rental housing calls for specialized insurance. Though not all student housing properties are the same, insurance policies for student housing can vary significantly. A student housing insurance policy is vital to keep your property and its contents safe. Without it, any damage or financial losses you suffer can be potentially ruinous, especially if an accident or incident occurs and you are named in a third-party lawsuit.
Common claims scenarios
Problem: A fire ignites one night in the basement of your single dwelling rental property that spreads to the main floor above. The damage to the building is significant, and the cost to clean up and repair the building’s interior costs several thousands of dollars.
Outcome: Your commercial property coverage may pay for the cost to repair the fire damage to the building.
Problem: A fire ripped through your student rental housing complex causing significant damage to several individual rooms and common areas including the kitchen and main entrance. While repairs are underway, your tenants have no choice but to seek accommodations elsewhere for several months.
Outcome: Your rental income insurance may cover the monthly rent income you lost while repairs were being conducted.
Problem: The walkway on your property leading to the main entrance of your student housing duplex is slick and icy following a downpour of freezing rain. A courier arrives at the property to deliver a large package, but they slip on the black ice, fall backward, smack their head on the pavement and suffer a concussion. They sue you for bodily injury.
Outcome: Your commercial general liability or premises liability coverage may pay for your injured delivery person’s medical expenses, as well as your legal expenses, including any financial settlement you are ordered to pay by the court.
Frequently asked questions
Why choose Zensurance?
Intuitive Online Experience
Do everything online, at your
convenience
Always Here For You
We’re just a click away
Full Transparency
Get only the coverage you need in clear language
Our most recent reviews
See what our small business customers have to say about us.