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Landlord insurance from $40/month

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Typically, it’s more challenging to insure rental properties than it is to insure primary residences. Not with Square One Insurance Services. We make it easy for you to properly insure your rental properties. In fact, your rental property insurance policy with Square One is one of the few to include comprehensive protection.

Rental property policies offered by Square One are about $40/month for rental condos and $75/month for rental houses. Continue reading to learn more.

Learn how you’re protected with Square One

When you buy landlord insurance from us, the experience is straightforward from quote to claim. Click on the tabs below to learn about the covers, deductibles, protection and claim service offered by Square One. You can also download sample policy wordings.

House-related coverages

Your house is probably the largest asset you own. So, properly protecting it is really important. Our system will help you determine the estimated rebuild cost for your house, which will be your building limit minimum. You'll then have the option of insuring any detached structures on your property as well as landscaping, fences and gardening equipment.

If your rental property is a house, the most common house insurance coverages are listed below.

  • Building: This coverage protects, on an extended replacement cost basis, the main structure of your house as well as attached garages, swimming pools and hot tubs. It also provides protection against additional costs due to changes in ordinance or law.
  • Detached structures: This optional coverage protects any structures located on the property that are not attached to your house, including carriage homes, docks, garages, gazebos, workshops and sheds.
  • Landscaping, fences and gardening equipment: This optional coverage protects all trees, shrubs, lawns, fences, retaining walls, rockeries, and anything else that improves your home's curb appeal. Also protects lawnmowers, trimmers, snowblowers and other gardening equipment. Note that patio furniture is considered personal property.

Condo-related coverages

If your rental property is a condo, the most common condo insurance coverages are listed below. For each of these coverages, we’ll help you determine what limit of insurance is right for you. Unlike our competitors, we don’t force you to buy protection you don’t need.

  • Condo property protection: Protects against amounts you are assessed to offset a property insurance deductible paid by your condominium corporation. It also protects against repair costs to the building and common areas that: (1) fall beneath your condominium corporation's property insurance deductible; (2) are not covered by your condominium corporation's property insurance; or, (3) result from a shortfall in your condominium corporation's property insurance.
  • Condo improvements, fixtures and glass: This optional coverage protects any upgrades, additions or alterations made to your condo unit after it was originally built, whether made by you or a previous owner. It also protects any countertops, flooring, glass or other fixtures in your unit that you are responsible for insuring under the bylaws of your condo corporation.

Other coverages

There are a few other coverages that are essential to any insurance policy, including liability protection.

  • Premises liability: This mandatory coverage protects against amounts you are legally responsible to pay for unintentional injury to someone or damage to their property arising from the ownership or use of your home.
  • Rental income: This optional coverage protects lost rental income from any portion of the home that is rented to others and rendered uninhabitable due to damage from an insured loss.

Policy deductibles

A policy deductible is the amount you must pay before your home insurance policy will respond. The higher the deductible you select, the lower the premium you pay on your insurance. Listed below are the various deductibles that may apply. It’s important to note that only one deductible applies per claim even if payments are made under multiple policy coverages. The type of loss will determine the deductible that applies.

  • Sewer backup: This deductible applies to each insured loss resulting from a sewer backup. If this deductible applies, you may be presented with a couple options.
  • Wind and hail: This deductible applies to each insured loss resulting from a windstorm or hailstorm. If this deductible applies, you may be presented with a couple options.
  • Standard: This deductible applies to each insured loss not specifically mentioned earlier. For example, the sewer backup deductible, not the standard deductible, applies to each insured loss resulting from a sewer backup.

At Square One, you get a comprehensive (or open perils) policy. That means you're protected against all types of losses except for those specifically excluded in the policy. The most common policy exclusions include loss or damage due to earthquake, flood, terrorism and war. In the case of flood, you may have the option to obtain flood insurance through FEMA's National Flood Insurance Program or a private flood insurance provider.

Where other providers require you to specifically add and pay extra for critical protection you need, we include it automatically. For example, your Square One policy automatically includes:

For complete details on what is and isn’t covered under your landlord insurance policy, please refer to your policy wordings or speak with one of our licensed agents by calling 1.855.331.6933. You can also download sample policy wordings by visiting the next tab.

Policy wordings

If you need a law degree to understand your insurance policy, something's wrong. At Square One, we're changing that with our modern, common sense approach.

To start, we've worked hard to write all policy documents in plain language. According to our customers, our policy documents are the easiest to read in the industry. Next, we personalize your policy documents to what you've bought. That means you'll know exactly what you've insured, the limits and deductibles you've selected, and the premiums you've paid. Finally, you'll understand what specific terms, conditions and exclusions apply.

If you'd like to review the policy wordings before you buy, please feel free to download the sample policy wordings. Please note that every effort is made to keep the sample wordings up-to-date, but your actual policy documents (and wordings) may differ. In cases where differences exist, your actual policy documents will prevail.

Download sample policy wordings

Making a claim

You buy insurance for peace-of-mind, so if you do need to make a claim we believe it should be simple and stress-free. That's why all Square One customers are protected by our commitment to handling claims fairly:

  • 24/7 emergency claim line so we're there whenever you need us
  • For emergency claims you're guaranteed a response within 2 hours
  • For all claims, you'll work with a single claims adjuster
  • Quickly track each stage of your claim online
  • We guarantee that all claims are dealt with fairly, transparently and quickly
  • You're treated with respect and kept informed at every stage of your claim

  • Just signed up!

    "Fast. Simple. Straightforward. A great experience! "

    — from Nepean, ON provided a 5 out of 5 rating on Apr 17, 2018.

  • Customer service.

    "The Square One agent who helped me open my policy was friendly, informed, and helpful. She walked me through each phase of the paperwork, patiently explained those aspects of the policy that were unfamiliar to me, and provided information that supported my decision making. Very professional and a delight to talk to. "

    — from Tucson, AZ provided a 5 out of 5 rating on Apr 14, 2018.

  • Fast and easy.

    "This was by far the fastest and easiest insurance experience of my life! Five minutes, start to finish. Amazing. "

    — from Scarborough, ON provided a 5 out of 5 rating on Apr 9, 2018.

  • Quicker to manage online.

    "I needed to organize landlord insurance for my condo. I approached a broker and looked online. Square One was able to give me an estimate that suited my needs in less than 10 minutes. The broker took days to get back to me and the policy offerings were not as comprehensive. Definitely recommend Square One. "

    — from Calgary, AB provided a 5 out of 5 rating on Apr 3, 2018.

  • Perfect fit.

    "I like how accessible the different insurance options are. Every option or clause can be selected and customized. The online application and review process can be saved, edited and revisited when it's convenient. The web interface allows me to download the latest policy. Their agents have always been available for telephone consultation. Square One was the only provider that met my insurance needs for a rental property. It was virtually impossible to insure for a brief ... " Read more period when there were no tenants but Square One allowed me to reduce coverage for that period but still meet my mortgage provider's requirements."

    — from Tottenham, ON provided a 5 out of 5 rating on Mar 31, 2018.

  • Easy.

    "This is one of the easiest things I do every year. Square One makes it so easy. If you don't have tenant insurance, you need to get it. I have found them to be excellent to deal with as well - good customer service. "

    — from Vancouver, BC provided a 5 out of 5 rating on Mar 17, 2018.

  • Great rates and easy online purchase.

    "I was with one of the big insurance companies for five years. They jacked up the rate significantly. Shopped around and found Square One offered the same policy for nearly 25% less. Totally happy and I would recommend them to anyone looking for condo or tenant insurance. Easy process online and no sales pressure whatsoever. You buy what you want. "

    — from Surrey, BC provided a 5 out of 5 rating on Feb 1, 2018.

  • Unbelievably easy!

    "I've fought to get my tenant insurance for the last week and a half from other companies. Always issues with billing, hours of operation, and lack of customer service. Square One made this all go away, it literally took me 10 minutes to go through the process of signing up and paying for my tenant insurance. I don't usually write reviews, but this company stood out above all the rest and I think this is a well-deserved five-stars. "

    — from Carstairs, AB provided a 5 out of 5 rating on Dec 23, 2017.

  • Savings and great service.

    "Our daughter-in-law referred us to Square One for our home insurance in October and we saved a bundle. We found out they will even cover stand-alone rental properties so we have chosen to insure a rental property with them since the past company no longer insures those. Even more great savings! I had wonderful assistance from Armine who guided me through the questionnaire so that I understood everything since rentals are a bit different. "

    — from North Vancouver, BC provided a 5 out of 5 rating on Dec 13, 2017.

  • Excellent and prompt service.

    "Recently had the need to review an existing policy and also purchase new property insurance. Working with Square One was easy and efficient, needing a third of the time compared to another company. Went to the office in Vancouver to meet in-person and had a similar feeling of confidence when asking questions. Superb rates on a Richmond property. Will recommend to family and friends. "

    — from Richmond, BC provided a 5 out of 5 rating on Dec 4, 2017.

  • Super easy website.

    "I forgot that I got a quote from Square One but they had a good call and email follow-up. The website recalled the information I had originally put in and went through each item step by step to explain what each was for and how it would affect the cost. Very user-friendly and I got exactly the coverage I wanted. Thanks! "

    — from Vancouver, BC provided a 5 out of 5 rating on Nov 28, 2017.

  • Best provider around.

    "They're straightforward, show integrity, and don't deny you insurance if your policy was cancelled with someone else. You decide how much you want to pay, it's flexible and great for young people. They give you access to pertinent information like what you're protected against and what your shortfalls will be. Love them, never going to leave. "

    — from Toronto, ON provided a 5 out of 5 rating on Nov 14, 2017.

  • Quick and easy.

    "Just reviewed my policy renewal. It was very easy to make the appropriate changes to cover our needs going forward. It's great to have online access to our policy to ensure we are covered as our needs change. "

    — from Calgary, AB provided a 5 out of 5 rating on Oct 15, 2017.

  • Great prices and excellent customer service.

    "I called in with a few questions as I'm a first-time home buyer and previously had rental insurance. The agent, Lara, not only answered my questions but let me know I'd need to cancel my previous insurance separately and was able to immediately help me do so. When I went to purchase the new plan it said it wasn't available for online purchase. I called back and was immediately helped by another gentleman, he resolved the issue in a matter of minutes. This will be my fourth year with Square One and the rates are great. I'll never go back to BCAA. Keep up the great customer service! "

    — from Vancouver, BC provided a 5 out of 5 rating on Oct 12, 2017.

  • Quick change.

    "I've moved recently and wanted to change my policy details. I'm so glad the online system of Square One is very simple and straightforward. It took me less than 20 minutes to change and finalize my new policy without the trouble of calling anyone. "

    — from Burnaby, BC provided a 5 out of 5 rating on Oct 10, 2017.

  • Really liked the customization options.

    "I just bought my plan and I really enjoyed how I can customize it to suit my needs as a tenant. As someone who just has a small bachelor apartment and not much to insure, but is required to purchase insurance by my landlord, it's great to be able to customize the plan and therefore get a more fair price. I also liked doing this all quickly online and on a user-friendly website. "

    — from Toronto, ON provided a 5 out of 5 rating on Sep 17, 2017.

  • Very easy online quote process.

    "I received my policy renewal invoice from my former insurance provider. By spending 20 minutes online with Square One, I was able to get both more coverage and a lower total cost for a new tenant policy. Now, that's what I call a win-win situation! "

    — from Ottawa, ON provided a 5 out of 5 rating on Sep 5, 2017.

  • Easy to use.

    "Square One has been excellent both through clear steps on the website and no-hassle telephone support. My experience buying the policy has been straightforward and non-stressful. "

    — from Ottawa, ON provided a 5 out of 5 rating on Sep 1, 2017.

  • Great customer service.

    "I spoke with Dustin over the phone and he was extremely helpful in switching my policies. It was a very thorough and clear process, and it only took 15 minutes! Really appreciate the effort made by Dustin. Five stars! "

    — from Burnaby, B.C. provided a 5 out of 5 rating on Aug 30, 2017.

  • I'd recommend Square One to my friends and family.

    "I'm very pleased and happy to be with Square One. Nicole was pleasant and very informative when she answered all of my questions. Made me feel at ease. I would recommend this insurance provider to my friends and family. "

    — from Toronto, ON provided a 5 out of 5 rating on Aug 17, 2017.

  • Quick, reliable, and easy to understand.

    "This was the most complete, easy to understand and easy to buy insurance process that I have found online. I bought tenant insurance, had all my questions answered quickly and they were easily understood. They gave me many options to choose from to set up the policy the way I wanted to cover my needs while paying as little or as much as I want. I can't say anything about filing a claim but hopefully, it will be as quick and smooth. I hope that I will never need to but ... " Read more at least it's there should anything ever arise which grants me a bit of stress relief not having that "what if" worry overhead. I would definitely give them a look for your insurance needs."

    — from Sudbury, ON provided a 5 out of 5 rating on Aug 4, 2017.

  • Good rate and easy process.

    "The rate was the best I've seen and I shopped around quite a lot! The process was super easy and the online program pulled up information on the building so I didn't have to hunt for it. Would recommend! "

    — from King City, ON provided a 5 out of 5 rating on Jul 31, 2017.

  • Couldn't be simpler.

    "This was the most painless interaction I've ever had with an insurance provider. It was a quick, simple, effective, and intuitive process that got us the tenant insurance we needed for our new home. I couldn't be more pleased! "

    — from Ottawa, ON provided a 5 out of 5 rating on Jul 21, 2017.

  • Always easy and fairly priced.

    "This is the third policy we have purchased from Square One. The quote process is simple, the information is transparent, and it's really easy to make informed decisions. It's also easy to tailor the plan to your needs. The prices are the best we've found. If you have to call, the staff are friendly and knowledgable as well. "

    — from Victoria, BC provided a 5 out of 5 rating on Jun 30, 2017.

  • Very easy to do business with.

    "We have been with Square One for 3 years and find them very easy to do business with, and very affordable. I recently requested a change to my policy to cover additional jewelry and had a general clarifying question about my policy. I received a call from an agent within a few hours to make the policy change and answer my question. Overall a great experience. "

    — from Toronto, ON provided a 5 out of 5 rating on Jun 23, 2017.

  • Amazing service!

    "I've just spent the last three days working through some very complicated policies with Sunny from the Square One team. He has been patient, kind, responsive, and never once has he pressured me to purchase anything. The services that Square One offer are more in-line with the way people are using their spaces today. Thanks to Sunny and the team I've purchased one policy and am finalizing two more. Looking forward to being your customer for years to come! "

    — from Vancouver, BC provided a 5 out of 5 rating on Jun 21, 2017.

  • So easy, clear, and smooth!

    "This has been the most pleasant and user-friendly insurance application I have ever used, and I used to work at an insurance company! Thanks for being so transparent and making the complicated world of insurance a little bit easier. What I like most is that you can do everything online; you don't have to set up an appointment with an insurance broker in a brick and mortar establishment and the platform is so smooth, attractive, and easy! Five stars. Keep up the cutting-edge technology and great service! "

    — from Kingston, ON provided a 5 out of 5 rating on Jun 6, 2017.

  • Exactly what I was looking for.

    "I needed tenant insurance allowing sublets and wanted a calculator to show me how coverage options impact premiums. Easy to use online interface, I can personalize all coverage details and see the updated premium. Helpful service by phone as well! "

    — from Vancouver, BC provided a 5 out of 5 rating on May 23, 2017.

  • Excellent customer service!

    "I was turned down by two major banks because there was a gap in my coverage period. I looked up Square One because it had great reviews. I am so thankful to Sandra, who handled my file with great patience, care, and professional expertise. I am really impressed with the way she calmly explained everything. I am really thankful and would definitely recommend Square One to all my friends! "

    — from Toronto, ON provided a 5 out of 5 rating on May 5, 2017.

  • Easy, fast, and hassle-free!

    "In today's tech-advanced world, it's so nice to see a company that is keeping up and putting customer service and convenience first and foremost. Very happy with the online experience, specifically the quote flow where one gets a quote and subsequently purchases a policy! "

    — from Vancouver, BC provided a 5 out of 5 rating on May 4, 2017.

  • Exceptional.

    "Had to call three separate times due to little mistakes and confusion on my part. The agents were excellent every time and I never had to wait more than five minutes. As far as I can tell, your service is significantly better than the competition! Keep up the good work. "

    — from Vancouver, BC provided a 5 out of 5 rating on May 1, 2017.

  • Exceptional customer service.

    "I'm happy to say that the process for choosing my tenant insurance policy was easy and frustration free. When I had questions, an agent was just a phone call away. The agents were friendly and helpful. I recommend Square One for that reason. "

    — from Kelowna, BC provided a 5 out of 5 rating on Apr 27, 2017.

  • Quick, easy, and affordable.

    "I went to a quote aggregator to price our insurance required by our landlord. I was contacted by phone by a wonderfully charming Square One agent named Sandra and had a policy in about 15 minutes. It was also in the price range I expected and covered all of the landlord's liability requirements. "

    — from York, ON provided a 5 out of 5 rating on Apr 21, 2017.

  • Great service!

    "It was so easy to go through the steps of applying for a policy and getting a quote. Competitive pricing and friendly employees who responded quickly. It's great to have an explanation of all the costs and implications on the website. Highly recommend! "

    — from Toronto, ON provided a 5 out of 5 rating on Mar 29, 2017.

  • The way it should be.

    "The friendly online system makes it easy to understand each offered coverage, and it saves time. Prices are better than I currently have and it's easy to choose from other options. The system gives you the flexibility to think without immediate pressure when you're on the phone with an agent. Agents on the phone are friendly, helpful and available with no wait time. Compared to past experiences with other insurance providers, this is VIP service. Would recommend to all my friends and relatives. Thank you for being proactive in setting the new standard for insurance providers. "

    — from Burnaby, BC provided a 5 out of 5 rating on Mar 24, 2017.

  • Extremely simple service.

    "If you've ever tried going in somewhere to get rental insurance, you'll know it's a hassle. Square One is simple and easy. I did my initial quote and later realized I had to complete it. So, I went back to the quote they sent me and completed it in under 5 minutes. Great service, don't go far trying to look for anything better! "

    — from Richmond, BC provided a 5 out of 5 rating on Mar 18, 2017.

  • Everything you need.

    "Really helpful agents after my first call, online payment, less than half of what's quoted by bigger providers, shockingly quick and simple, and the least stressful process I've ever had in setting up my insurance. I was with my insurance company for nine years, and three different cities - I thought I'd get a discount. Square One offered me a rate at half their quote and made it easy for me. Definitely will recommend! "

    — from Toronto, ON provided a 5 out of 5 rating on Feb 24, 2017.

  • Just purchased two home insurance policies.

    "I really enjoyed purchasing home insurance from Square One. I purchased two policies this past month, one for a rental property and one for our primary residence. I appreciated that I could do all the initial work online, then speak with one of their agents if I had any questions. Another nice feature is that I could go online, and in just minutes, make changes or updates to the polices. I also found that both policies were less expensive than the company I previously purchased insurance through. Overall, a very good experience. "

    — from Prince George, BC provided a 5 out of 5 rating on Feb 9, 2017.

  • Stress-free claims process!

    "I recommend Square One to anyone looking for straightforward and worry-free coverage. We have been Square One customers for nearly four years, and they have always provided exemplary customer service. We recently moved to our new home, and if that wasn't stressful enough, we were robbed during the transition. We contacted Square One shortly after filing a police report, and within a week, our claim was settled! Thank you very much to our adjuster, Scott Trepke, for your exceptional level of service; we greatly appreciate your help in truly creating a stress-free process for us! "

    — from Richmond, BC provided a 5 out of 5 rating on Dec 21, 2016.

  • Excellent customer service.

    "We have been with the same company for property insurance for over 10 years. When our insurance renewal was up, it seemed like it was too expensive. Also, their customer service was terrible, and the agent handling our renewal did not show any professional expertise. Out of frustration, we asked friends and relatives, and we found Square One. What a pleasant customer experience! Devon McGuire and her team were very professional and prompt in their responses. In the end, we bought the policy with a much lower premium, and we felt very good about the whole process. "

    — from Burnaby, BC provided a 5 out of 5 rating on Sep 28, 2016.

Recently purchased policies

    How do we do it?

    Click play and learn how you can get landlord insurance for as little as $15/month.

    Why Square One?

    With Square One, you get a knowledgeable team, fast service, excellent protection, great prices and more...

    • A+ rating with the Better Business Bureau
    • Over 5,515 happy customer reviews online
    • Get your quote in less than 15 minutes
    • No long-term contracts
    • Option to pay monthly at no extra cost
    • Dedicated 24/7 emergency claims line
    • Claims are handled fairly and promptly

    Get a personalized landlord insurance quote now

    To see how affordable landlord insurance can be, get an online quote now. Or, call 1.855.331.6933. We’re open 8:30 am - 5:30 pm (Mon - Sat). Whichever option you choose, it will take less than 15 minutes to get a quote.

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