Toronto Insurance Solutions - Produits

A rooming house is typically defined as a dwelling where multiple individuals rent separate rooms and share common facilities within the same unit. Tenants may occupy private sleeping quarters but are required to share areas such as the kitchen, bathroom, and other common living spaces. Rooming houses can exist within a single-family home, apartment, or condominium, and are commonly used to accommodate students, seasonal workers, or individuals seeking affordable housing options. Disclaimer: The information provided above is for general informational purposes only and does not constitute legal or insurance advice. Definitions, regulations, and insurance requirements for rooming houses may vary by municipality and insurer. Please consult a licensed insurance broker in Ontario to review your specific situation and obtain personalized recommendations. All insurance services are offered through Insureit Group Inc. and are available only within Ontario, Canada.

Builder’s Risk Insurance, also known as “course of construction” insurance, is designed to help protect against property loss during the construction or renovation of a building. This type of policy typically offers financial protection for physical damage to the structure while it's being built. Coverage may be available to both the owner of the building and the general contractor, depending on the policy and underwriting criteria. It helps address the potential risks associated with construction projects, such as accidental damage to the work in progress, materials, or temporary structures. Disclaimer: Coverage availability, terms, and limits vary by insurer and are subject to underwriting approval. This information is for general purposes only and does not constitute insurance advice. Please consult a licensed insurance broker in Ontario to determine the right coverage for your specific construction project.

If you are going to leave your house or any other type of property vacant for more than a month, your insurance policy will likely not provide coverage for this scenario. In this case you would need to purchase vacant property insurance. There is usually a stipulation in Standard Insurance that a property cannot be vacant for more than 30 days. The reasoning behind this is that an vacant home can attract trespassers or be a target for vandalism. Disclaimer: The information provided above is for general informational purposes only and does not constitute legal or insurance advice. Coverage may vary depending on the insurance provider and the specific terms and conditions of your policy. Please consult your policy documents and speak directly with a licensed insurance broker in Ontario to determine your eligibility and coverage options. All insurance services discussed are offered through Insureit Group Inc. and are available only within Ontario, Canada.