Becoming a landlord in Canada can be a rewarding venture, but it also comes with responsibilities and challenges. Whether you’re planning to invest in a student rental near McMaster University in Hamilton or a downtown Toronto home, here are six essential things to consider before taking the plunge. 1. Secure Financing The first step in … Read more
Protect Your Home from Water Damage: Essential Tips for Toronto Homeowners After today’s intense rainstorm in Toronto, it’s clear that protecting your home from water damage should be a top priority for every homeowner and landlord. Water damage not only leads to costly repairs but can also increase the cost of Toronto home insurance prices. … Read more
Whether you’re buying a home for yourself or as an investment property, it’s essential to be ready for the unexpected. Owning a property comes with its share of surprises, from minor maintenance to major repairs. Knowing how to handle these situations—or when to call in a professional—can save you time, money, and stress. Keep in … Read more
Many property owners consider renting out their homes to multiple, unrelated individuals rather than a single family. This common scenario can be ideal for housing students or young professionals, but it’s crucial to ensure that your insurance coverage aligns with this type of occupancy. When renting your property, always disclose the exact occupancy to your … Read more
Understanding Airbnb Insurance in Ontario: What Landlords Need to Know With the increasing popularity of short-term rental platforms like Airbnb, many Ontario property owners are taking advantage of the opportunity to earn additional income. For some, hosting is a part-time side hustle; for others, it’s a full-time business. However, renting out your property comes with … Read more
When updating a rental property, choosing the right flooring is crucial. Landlords often need something that’s affordable, durable, easy to maintain, and appealing to tenants. Fortunately, modern flooring options like vinyl plank flooring meet these criteria exceptionally well, making it one of the best flooring choices for rental properties. Why Vinyl Plank Flooring? Vinyl plank … Read more
How to Attract Tenants Who Value Your Property as Much as You Do Renting out a part or all of your home can be a challenging experience. While the financial benefits can be substantial—whether it’s a source of additional income after a child moves out or a crucial part of your mortgage plan with a … Read more
Protecting Your Investment with Ontario Landlord Insurance Owning a rental property as an investment can be a rewarding venture, but it also comes with risks that must be managed. One of the most critical steps you can take as a landlord is to protect your property against disasters like fire, severe weather, or liability claims. … Read more
Navigating Ontario Landlord Insurance for Expats and Overseas Property Owners Owning rental property in Ontario while living overseas presents unique challenges, especially when it comes to securing the right landlord insurance. At Humberview Insurance, we understand these complexities and offer tailored solutions for expats, retirees, and individuals who reside outside of Canada. Whether you own … Read more
Understanding Insurance Valuations vs Property Purchase Price A frequent inquiry in insurance discussions involves the disparity between the insurance coverage amount and the property’s purchase price. Clients often wonder, “Why is the building coverage valued at $385,000 when I purchased the property, including the land, for just $265,000?” This question is both valid and common, … Read more