Residential Rented Dwellings

We consider all varieties of residential rented dwellings & condos including those with rooming style, short term rental, or seasonal occupancies. Our broad appetite addresses the diverse needs of property owners, ensuring coverage solutions are available even in complex scenarios.

Risks we will consider‍

• Diverse Dwelling Types: We consider all types of residential rented dwellings and condos, including rooming-style or short-term rental occupancies.
• Non-standard Risks: We will consider risk with poly-b plumbing and aluminum wiring.
• Rooming and Short-term Rentals: Whether it's rooming houses, short-term rentals, or seasonal occupancies, we've got it covered.
• High-value Short-term Rentals: We can cover standalone short-term rentals up to a maximum TIV of $1M.
• Varied Risk Profiles: We cater to semi-protected and unprotected risks, and even situations involving absentee landlords.
• Special Considerations: Risks with prior claims, cancellations, or declines are considered subject to our underwriter review.
• Demolition-ready Buildings: Buildings that are pending demolition are considered, but on a wreckage value basis.
• Rented Dwellings on farm land: Farming by others will be acceptable so long as they carry liability for the farming operations.
• Risks in active company names.

FAQ

1. Do you charge a policy fee?
   ‍Yes. Typically, our fees are set at $150 for most accounts.‍
2. What's the maximum limit for condo strata deductible coverage?
   The maximum limit available for strata deductible/loss assessment (including earthquake) is $100,000.‍
3. Is Financing available?
   Yes. We do offer financing through a 3rd party. You can contact them directly at finance@icpfinancing.ca.‍
4. What is your turnaround time for new submissions?
   We pride ourselves on our prompt responses. Most risks usually receive our feedback either the same day or within 24 hours from the initial submission. If, however, you haven’t heard back from us within 48 hours, please don’t hesitate to reach out.‍
5. What is the minimum retained?
   For most annual policies, the minimum retained stands at 25%. ‍
6. Can you quote using other companies' applications?
   Indeed, we can! We're flexible enough to quote off of any company's application.‍
7. What is the highest limit available for liability?
   We offer limits up to $5,000,000

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