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Do I need landlord insurance if I’m only renting out rooms or a separate section of my home (like a basement suite)?

Yes. If you’re renting out part of your home, whether it’s a basement suite, a secondary unit, or just a few rooms, you’ll need a home insurance policy that includes a rental suite. This type of policy is essentially landlord insurance built into your home insurance.

It makes sure you’re protected not only for the usual risks to your home, but also for tenant-related exposures, such as liability claims or damage caused by renters. This way, both your living space and your rental space are properly covered under one policy.

Landlord's Insurance

How much does landlord insurance cost?

You can get a quick online quote with InsureBC and adjust your coverage limits to see how it affects your premium. It’s a great way to explore your options and find a policy that fits your budget.

Keep in mind, the final cost depends on factors like the location, value of the rental unit, and coverage selections (such as liability, loss of rental income, or water damage).

If your rental is a strata property, we strongly recommend reviewing your strata documents especially the strata’s insurance deductible amounts for things like water damage, sewer backup, or earthquakes. Matching your landlord insurance limits to those deductibles ensures you're not left paying out-of-pocket if a claim falls back on you as the unit owner.

Landlord's Insurance

What is landlord insurance?

Landlord insurance is a policy designed for property owners who rent out their home, condo, or investment property. Unlike standard home insurance, which assumes you live in the property, landlord insurance recognizes the unique risks of renting. It protects against damage to the building, loss of rental income, liability claims, and optional add-ons like earthquake or sewer backup coverage.

Landlord's Insurance

What does renters insurance cover?

Three core protections:

  • Personal property: Reimburses you for lost, stolen, or damaged belongings like clothing, furniture, appliances, and electronics. Coverage usually applies even if items are stolen outside your home (e.g., from your car).
  • Personal liability: Protects you if you accidentally injure someone or cause damage to their property. 
  • Additional living expenses: Pays for hotel stays, meals, and other costs if your rental unit becomes uninhabitable after a covered loss, such as a fire or major water damage.
Renters Insurance

Is renters insurance required in BC?

Renters insurance is not legally required by law in BC. However, many landlords and property managers now make it a mandatory condition of the lease. Even when not required, carrying renters insurance is strongly recommended because:

  • It ensures you can recover the cost of your belongings after a fire, theft, or other loss.
  • It protects you from potentially large liability claims (which can be tens of thousands of dollars).
  • It covers temporary housing costs if you’re forced out of your rental.
Renters Insurance

Are renters insurance and liability insurance the same?

No. Liability insurance is just one part of a renters policy. It protects you if you unintentionally cause damage or injury to others.

Renters insurance, however, goes beyond liability. It also protects your:

  • Belongings – so you’re not paying out of pocket to replace them after a fire, theft, or other covered event.
  • Living expenses – if you need to move out temporarily while your rental is repaired.

Think of it this way: liability coverage protects others, while renters insurance protects you and your lifestyle.

Renters Insurance
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How much does Travel Trailer Insurance Cost in BC?

Most Travel Trailer products are very competitively priced. Each company offers different coverages and coverage limits. Contact one of our offices to find the best product for your needs.

Travel Trailer Insurance

Is New Vehicle Replacement Insurance worth having on a leased vehicle?

Yes! Nowadays, most leasing companies will build GAP insurance into their contracts, but most people don’t realize that GAP is more designed to protect the Lessor as opposed to the Lessee. In the event of a Total Loss, GAP insurance will make up the difference between what a person owes on their leasing contract and the vehicle’s actual cash value. This leaves the Lessee with no vehicle, and nothing to put towards a new one. Our New Car Replacement policy would pay the Insured the difference between the actual cash value settlement that the Lessor received for the loss vehicle, and the cost of the brand new model year, which can then be applied as a down payment towards a new lease or financing contract for a replacement vehicle.

New Vehicle Replacement Insurance

Is there a discount if I have more than one motorcycle insured with ICBC?

Multi-vehicle discounts may be applicable depending on the number of motorcycles insured under the same policy. Speak to your InsureBC broker to find out about this option.

Motorcycle Insurance

My transaction is not eligible online, now what?

No problem! If you cannot renew your policy online, our licenced insurance agent can assist you in one of three simple ways: Step 1: Visit an office near you to renew your policy in-person. Step 2: Call any of our offices to renew your policy over the phone. Step 3: Complete the renewal request form online and we will contact you to renew your policy via email or over the phone.

ICBC Online Renewal

What cannot be done online?

You cannot renew your policy online if: It is for a jointly owned vehicle It is for a leased vehicle. It is for a company-owned vehicle It is for a motorcycle It is for a collector vehicle It is a commercial policy It is expired You want to add, remove or change your ICBC optional coverages during the renewal You have outstanding debt owed to ICBC Other potential ineligibilities

ICBC Online Renewal

What does basic auto coverage from ICBC provide?

Basic coverage from ICBC includes third-party liability, accident benefits and uninsured motorist protection.

Car Insurance
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What kind of coverage does international business insurance offer?

International business insurance can provide a range of coverage, including property insurance, liability insurance, commercial auto insurance, and workers' compensation insurance. It can also provide coverage for political risk, kidnap and ransom, and other specialized risks.

International Business Insurance

Who needs international business insurance?

Any business that operates internationally should consider getting international business insurance. This can include businesses that have overseas offices, employees who travel internationally, or those that conduct business with clients overseas.

International Business Insurance

What is international business insurance?

International business insurance is a type of insurance that provides coverage for businesses that operate internationally. This can include coverage for property, liability, and other risks associated with conducting business abroad.

International Business Insurance

What happens if the principal fails to fulfill their obligation?

If the principal fails to fulfill their obligation, the surety company steps in and pays the damages up to the bond amount. The principal then has to reimburse the surety company for the payment made.

Insurance for Surety Bonds

Can I cancel my surety bond?

Yes, you can cancel your surety bond, but you need to give a written notice to the obligee and the surety company. The cancellation terms and conditions are usually specified in the bond agreement.

Insurance for Surety Bonds

How long does it take to get a surety bond?

The processing time for a surety bond application varies depending on the type of bond, the obligee's requirements, and the complexity of the obligation. Generally, it takes a few days to a week to get a surety bond.

Insurance for Surety Bonds
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How does the application process work for a 30-year term life insurance plan?

The application process involves filling out a form with your personal and medical information. Some insurers may require a medical exam. Check with your broker to know about the details of application process related to your case.

30-Year Term Insurance

What happens if I outlive my 30-year term insurance policy?

If you outlive your policy, the coverage ends. However, you may have the option to renew your policy or convert it into a permanent one.

30-Year Term Insurance

Are there any pre-existing medical conditions excluded from 30-Year Term Insurance?

Yes, some pre-existing medical conditions and high-risk activities may be excluded or require specialized coverage. We recommend discussing all potential exclusions with your insurer prior to purchase.

30-Year Term Insurance

Can I convert my 30-year term insurance into a permanent life insurance plan?

Yes, many term life insurance plans offer the option to switch to a permanent life insurance plan during the policy term, without a medical exam. You can discuss the details with your broker for additional information.

30-Year Term Insurance

How can I get a 25-year term life insurance quote?

You can get a 25-year term life insurance quote from InsureBC simply by filling out the form by clicking on this link.

25-Year Term Insurance

Can I add riders to my 25-year term policy?

Yes, you can add additional coverage with riders such as accelerated death benefit, waiver of premium, accidental death benefit, etc., depending on your insurance company. These riders give you greater flexibility in customizing your policy and protecting your family.

25-Year Term Insurance
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Can I get a boat insurance quote online in BC?

Yes! InsureBC offers hassle-free online boat insurance quotes for BC residents. Simply visit our website and fill out the online form to get started.

Boat Insurance

Do I need boat insurance in BC?

In most cases, yes. Boat insurance is not legally required in BC, but it is highly recommended. Without insurance, you could be held personally liable for any damages or injuries you cause while operating your boat. Additionally, many marinas and yacht clubs require proof of insurance before allowing you to dock or store your boat.

Boat Insurance

What is boat insurance in BC?

Boat insurance is a type of insurance that provides coverage for your boat, as well as any liability you may have while operating it. It can protect you financially in case of accidents, theft, or other unforeseen events.

Boat Insurance

How long does visitor insurance for Canada cover me?

Visitor insurance for Canada typically covers you for the duration of your trip to Canada, up to a maximum of one year. Contact your broker for more details.

Visitors to Canada Insurance

What is private health insurance for visitors to BC?

Private health insurance for visitors to BC is offered by insurance companies and covers additional benefits not covered by MSP, such as prescription drugs, dental care, and ambulance services. Private health insurance may also offer higher coverage limits than MSP.

Visitors to Canada Insurance

What are the types of visitor insurance for Canada?

There are two types of visitor insurance for Canada: public health insurance and private health insurance. Public health insurance is provided by the province of British Columbia (BC) to eligible visitors, while private health insurance is offered by insurance companies and covers additional benefits not covered by public health insurance.

Visitors to Canada Insurance

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