Short Term and AirBnB Rentals
by Cansure
Hospitality Industry Insurance
Property Insurance
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Yukon
Yes
- Contents
- Home
- owners of short-term rental properties (e.g. owner-occupied dwellings, primary residences with occasional rentals, and rented cabins with added services)
- airbnb rentals
Product Overview
Short Term and AirBnB Rentals by Cansure offers a simple solution for property owners who rent out their homes or cabins for short stays. This product is made for owners who use platforms like Airbnb or rent out their properties occasionally, even if they live there most of the time.
Coverage includes both the building and its contents, so owners can feel confident about protecting their investment. The policy is available in most provinces and territories, making it easy for brokers to help clients across Canada.
The product stands out with a $0 deductible, which is rare for this type of insurance. It is designed for properties that may not qualify for standard home insurance because of rental activity or added services like cleaning and guest amenities.
About Short Term and AirBnB Rentals by Cansure
This policy is flexible enough for different types of rental arrangements, whether the property is a primary residence or a secondary cabin. Insurance brokers need a contract with Cansure to offer this product, ensuring a professional process.
Brokers can find more details in the factsheet and application form linked on the product page. For quotes or to get started, brokers are encouraged to reach out to the company via the ‘Contact Underwriter for Quote’ function or review the resources provided.
Short Term and AirBnB Rentals by Cansure FAQs
What types of properties are eligible for the policy?
Short Term and AirBnB Rentals by Cansure is available for owner-occupied homes, primary residences with occasional rentals, and secondary properties like cabins or cottages. Properties offering added guest services may also qualify for coverage.
What coverage is offered under this product?
This product provides coverage for both the building and its contents. Owners are protected against risks to the structure and personal belongings during short-term rental periods.
Is there a deductible for Short Term and AirBnB Rentals by Cansure?
The policy features a $0 deductible. This benefit is uncommon for short-term rental insurance and helps reduce out-of-pocket costs for property owners.
Who is the provider of this insurance?
Cansure is the provider of this ‘Short Term and AirBnB Rentals’ insurance. The company is recognized for insuring non-standard habitational risks and unique property uses across Canada.
Can secondary residences be insured under Short Term and AirBnB Rentals by Cansure?
Yes, secondary residences such as cottages or cabins used for short-term rentals are eligible for coverage. This includes properties not used as a primary home.
Does this product require specific security measures?
Applicants are asked to disclose security features, such as alarms or fire protection, as part of the application process. This information supports risk assessment and underwriting.
Can owner-occupied dwellings be insured under Short Term and AirBnB Rentals by Cansure?
Yes, owner-occupied dwellings that are occasionally rented out are eligible for coverage. This includes primary residences with short-term rental activity.
Is there a waiting period before coverage begins for the policy?
There is no mention of a waiting period for Cansure’s Short Term and AirBnB Rentals. Coverage details are determined during the application and underwriting process.
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