Home
Landlord Insurance
Apartment Building Insurance in Ontario

Apartment Building Insurance in Ontario

Apartment building insurance designed to protect your property, rental income and liability as a landlord.

Get Quote Now

Humberview Insurance provides apartment building insurance for landlords who own residential rental properties with 5 or more units. Coverage can help protect the building, rental income and your liability as a property owner. We work with multiple insurance companies to find coverage suited to your building and how it is operated.

Apartment Building Insurance Options

Building Coverage	Landlord Liability	Rental Income
Protects the building against insured physical loss or damage.	Protection if you are legally liable for injury or property damage to others.	Helps replace lost rental income following a covered loss.
Equipment Breakdown	Sewer Backup	By-Law Coverage
Coverage for certain sudden mechanical or electrical equipment breakdowns.	Coverage for damage caused by sewer backup, subject to policy terms and limits.	Helps cover certain increased rebuilding costs required by current building codes or by-laws after an insured loss.
Water Damage	Contents Coverage	Replacement Cost
Coverage for certain types of sudden and accidental water damage.	Covers eligible property you own and keep at the building, such as appliances or maintenance equipment.	Coverage may be available to repair or rebuild insured property without deduction for depreciation, subject to policy terms.

Why Humberview Insurance for your Apartment Building Insurance?

Multiple Insurance Markets

We work with multiple insurance companies that insure apartment buildings and rental properties.
Experience With Rental Properties

Our brokers understand the insurance considerations that come with residential rental properties and multi-unit buildings.
Help With More Complex Properties

Older buildings, mixed construction, previous claims or properties with unique characteristics may require a more specialized approach.
Ontario-Based Insurance Brokers

Speak directly with a licensed insurance broker who can review your building, explain your options and help you through the insurance process.

What Affects Apartment Building Insurance?

Insurance companies look at several factors when determining coverage, requirements and price for an apartment building.

Building	Updates & Systems	Occupancy
Age, size and construction	Electrical, plumbing, heating and roof	Number of units and how the building is used
Fire Protection	Claims History	Coverage
Fire alarms, sprinklers and other protection	Previous claims and insurance history	Coverage limits and deductibles selected
Maintenance	Location	Replacement Cost
Overall condition and upkeep	Location and surrounding exposures	Estimated cost to rebuild the property

Apartment Building Insurance FAQ

What Insurance Do I Need for an Apartment Building in Ontario?

Apartment building owners typically need coverage for the building itself, landlord liability and loss of rental income. Depending on the property and insurer, additional coverage may be available for exposures such as sewer backup, equipment breakdown and other risks.
Does Apartment Building Insurance Cover Lost Rental Income?

Rental income coverage can help replace lost rental income when tenants cannot occupy part or all of the building because of an insured loss. This is typically optional coverage that must be purchased and is subject to the terms, conditions and limits of the policy.
Can I Insure an Older Apartment Building?

Yes. Older apartment buildings can often be insured, although insurers may require additional information about the building's electrical, plumbing, heating, roofing and other major systems.

The age and condition of these systems can affect which insurance markets and coverage options are available. In some cases, coverage may be restricted, such as excluding certain types of water damage or settling losses on an Actual Cash Value basis rather than Replacement Cost.

Speak with an insurance broker to understand what coverage may be available for your building.
Do Apartment Building Tenants Need Their Own Insurance?

In most cases, yes. Many insurance companies want apartment building owners to require tenants to carry their own tenant insurance.

The apartment building owner's policy covers the building and the landlord's insured interests, while a tenant's policy can provide coverage for their personal belongings, additional living expenses and personal liability, subject to the terms and limits of their policy.