Having the right insurance is one of the most important parts of protecting your property and investment. Standard homeowner or condo insurance policies often don’t cover short-term rental (STR) use, so it’s essential to make sure your policy specifically includes this type of activity.

Why STR coverage matters

Short-term rental insurance typically includes:

• Building and contents protection for accidental damage caused by guests
• Public liability coverage in case a guest or visitor is injured at your property
• Loss of income (loss of business) coverage, which protects your revenue if the property becomes uninhabitable due to an insured event (such as fire, flood, or major damage). This coverage helps you recover the income you would have earned while repairs are completed.

We’re not insurance experts

While we can share general guidance, we’re not licensed insurance professionals. Every property and policy is different, so we strongly recommend discussing your coverage options directly with your insurance provider to ensure your policy includes appropriate STR coverage and liability protection.

Vacant property checks

Some insurance companies require vacant property checks—visits to the property between guest stays when no one is occupying the unit.

• These checks are not included in any management plan and are available as an additional service.
• Each insurance company sets its own requirements—some may only need a simple “pop-in” check, while others require a full report or photos.
• We can provide this service and will quote based on the level of documentation required.

Recommended providers

If you’re exploring STR-friendly coverage, we recommend starting with:

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Western Financial

• Brandon McGill - Commercial Account Executive
• 📞 Direct: (250) 979-3226
• 📞 Office: (250) 762-2217
• 📩 [email protected]
• 🌐 westernfinancialgroup.ca </aside>

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Sonnet Insurance

🌐 https://www.sonnet.ca

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Square One Insurance

📞 1-855-331-6933

🌐 squareoneinsurance.ca

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