Insurance for condo , rented out

[cmsally]

Just wondering if anyone had recommendations for policy/insurance company for condos rented out to third party, ie not owner occupied.

 

[KittenKong]

The building itself will be insuring the structure of the building so you should only need contents and liability insurance. This includes decoration/renovation costs and also covers water leaks.

 

Several insurers do this and the premium is usually around 2,500B/year per 1MB insured.

 

This should be applicable to rented units also but I would expect theft or malicious damage caused by tenants to be specifically excluded.