Ontario Owner-Occupied Home Converted to Rental: Insurance Notification and Coverage Adjustments

Notification Obligation Before Changing Occupancy Arrangements

Before converting your owner-occupied home to a rental or making any other change to your occupancy arrangements, you should notify your insurance representative and keep a written record.

Policy Requirements for Non-Owner-Occupied Rental Properties

If you own a rental property that you do not occupy, a separate insurance policy is needed.

Risks of Failing to Disclose Occupancy Status

Failure to fully disclose the actual occupancy or rental status of the home may void the home insurance policy.

Sources

• Renting out a room? What you need to know about insurance

This article provides general information only and is not insurance, legal, or financial advice. Coverage is governed by current law and your policy wording.