Rent Guarantee Insurance Canada

What is the PMT Rent Guarantee Program?

At Property Management Toronto, we understand the challenges that property owners face in today’s rental market. We recognize the importance of safeguarding your investment while minimizing the risks associated with renting out your home or condo.

That’s why we are proud to offer our Rent Guarantee program, a comprehensive solution that provides peace of mind and financial security to our valued clients.

Our Rent Guarantee program protects property owners in the GTA from potential financial losses resulting from tenant default or non-payment of rent. By enrolling in our rent guarantee insurance, you can rest assured that you will receive your rental income on time, regardless of whether your tenant pays or not.*

How Does the Rent Guarantee Program Work?

Tenant Screening

We employ a rigorous tenant screening process to identify reliable and responsible individuals likely to fulfill their rental obligations. Our experienced team conducts thorough background checks, including credit history, employment verification, and rental references, ensuring we select high-quality candidates for your rental property.

Rent Collection

Finding quality landlord insurance in Toronto doesn’t have to be a challenge. At PMT, we handle all aspects of rent collection, ensuring prompt and consistent payments from your tenants. Our streamlined systems and processes help to maintain a smooth cash flow for your property.

Guaranteed Rental Income

If a tenant fails to pay rent, our Rent Guarantee and landlord insurance program ensures that you receive your rental income without delay. We cover the missed payments and handle the legal proceedings, if necessary, to recover the funds on your behalf.*

Legal Assistance

Our team of experts has extensive knowledge of the local laws and regulations governing rental properties in the GTA. In case of any disputes or eviction proceedings, your landlord insurance covers professional legal assistance to protect your interests and navigate the complexities of the legal system.

Ongoing Support

We believe in building long-term relationships with our clients, and our Rent Guarantee program includes ongoing support throughout the tenancy. Our dedicated property managers are available to address any concerns, handle maintenance requests, and ensure your home remains in top condition.

Ready to get started?

If you are seriously thinking of purchasing a rental property, contact us for our real estate services today!

Get started

Key Benefits of the Rent Guarantee Program

Financial Security

The Rent Guarantee program and landlord insurance policies provide a safety net, ensuring that you receive your rental income even in the event of tenant default or non-payment.

Risk Mitigation

Our rigorous tenant screening process helps to minimize the risk of renting to unreliable tenants, reducing the likelihood of rental income disruptions.

Time and Stress Savings

By entrusting your property management to us, you can save valuable time and avoid the stress associated with rent collection and dealing with difficult renters.

Legal Expertise

Our in-depth knowledge of rental laws and regulations allows us to handle legal challenges effectively, protecting your investment and minimizing potential legal risks.

Peace of Mind

With our Rent Guarantee program and landlord rental insurance, you can have peace of mind knowing that your home is being professionally managed and your financial interests are safeguarded.

Enroll in Our Rent Guarantee Program Today!

At Property Management Toronto, we are committed to providing exceptional landlord service and delivering tangible results to our clients. Our Rent Guarantee program is just one of the many ways we strive to exceed your expectations and ensure the success of your investment property.

Contact us today to learn more about our landlord insurance policies and how we can help you maximize your rental income while minimizing risks. Our knowledgeable team is ready to answer any questions and guide you through enrollment.

With PMT, your investment is in safe hands!

LEGAL FOOTNOTE:
*Coverage includes: Lease Co-Guarantee for up to 12 months on defaulted rent up to a maximum of $60,000. Malicious Damage Protection (up to $10,000 court-ordered malicious damage, the first $1000 is not covered, normal wear and tear are not covered).
Delinquency Resolution – Eviction Fee Reimbursement (up to $1500 in paralegal fees). Abandoned Tenancy without proper notice, not eligible in the first 6 months of enrollment, and we only cover 1 month’s rent.
New renters are required to qualify for the program before enrollment is confirmed. For existing tenants, restrictions may apply. Please reach out to a representative for more information.
Read Our Reviews at PMT

Hear from our customers

Our customers love us! We pride ourselves on our unmatched commitment to customer service.

Frequently Asked Questions About Rent Guarantee Insurance

Book a call

What is rent guarantee insurance?

Rent guarantee insurance is designed to protect landlords against potential financial losses. Landlords pay an insurance cover that guarantees them protection over a certain amount of time in case a tenant defaults on their lease, missing payments, or causes damage to the home.

What is landlord insurance?

Landlord insurance offers financial coverage to owners renting out residential properties, including apartments, condos, vacation rentals, and detached homes. Securing home insurance for landlords is crucial since current policies are likely only for owner-occupied properties.

If a tenant refuses to pay rent, causes property damage, or defaults on their lease, landlord insurance covers these financial risks and ensures the owner isn’t paying out of pocket.

What is renters insurance?

Renters insurance — or tenant insurance — is a type of property insurance that protects renters from liability costs and covers the loss of personal property. Insurance for tenants in Toronto often includes protection against common risks, such as fire and theft, but does not offer coverage for the home itself.

Why do you need rent guarantee insurance?

Finding quality renters that you can trust can be challenging. This insurance ensures that you, as the landlord, are not on the hook for any missed payments, property damages, or lease breaks.

PMT offers insurance for rental properties in Toronto and the GTA — designed to give our clients the peace of mind they deserve. We minimize your financial risks so you can continue to build your real estate portfolio.

How does rent guarantee insurance work?

This insurance protects landlords from renter-related issues, including legal liabilities, lease defaults, and property damage.

Landlords can choose the policy and coverage type that works best for their situation, with peace of mind knowing that our team will ensure their properties are regularly monitored and issues are addressed on time.

Why choose PMT for rent guarantee insurance?

At PMT, we offer comprehensive and cost-effective rental insurance for landlords across the GTA.

We manage all aspects of your rental — from rigorous renter screenings to legal expertise. With our insurance program, you’re protected in the event of damage to your home or condo or if your tenant defaults on their lease. With our team by your side, we ensure your financial risks are minimized so you can focus on growing your real estate portfolio.

With available home and condo insurance for landlords in Toronto, we have a policy to suit every property owner’s needs. Our insurance program doesn’t just guarantee financial security — it guarantees your peace of mind.

How much does landlord insurance in Ontario cost?

The cost of landlord insurance in Ontario will often vary depending on the home or condo insurance policies available.

At PMT, we believe in protecting our clients’ financial investments. That’s why we offer rent guarantee insurance in Canada, designed to help you maximize your rental income while minimizing financial risks. We work closely with landlords in the GTA to determine which home insurance policy is right for them.

Where can I get PMT rent guarantee insurance near me?

If you’re looking for landlord insurance in Toronto or the GTA, trust Property Management Toronto to provide quality solutions.

We help landlords protect their financial standings with our comprehensive rental insurance, designed to safeguard rental properties in case of rental income neglect, eviction and more. We offer home and condo insurance for landlords that promise peace of mind and minimize financial risks.

We offer rent guarantee insurance in Ontario, including:

Ajax
Aurora
Burlington
Caledonia
Hamilton
Markham
Milton
Mississauga
Newmarket
Oakville
Oshawa
Pickering
Richmond Hill
Vaughan
Whitby

How much does renters insurance in Ontario cost?

The cost of renters insurance will often vary depending on the specific policies available and what you qualify for as a tenant. At PMT, we work closely with renters to ensure they feel comfortable with their policies.

We provide comprehensive cost breakdowns for both landlord and tenant insurance. Once you’ve reviewed your options, our team will help you proceed with the next steps.

How can I get rent guarantee insurance in Ontario?

The first step to securing landlord rent insurance is working with a trusted property management company in Ontario.

At PMT, we work with landlords in Toronto and across the GTA to ensure their rental properties are set up for success. We offer insurance for both homes and condos, with policies that guarantee peace of mind for our clients.

What are landlord insurance policies?

Landlord insurance policies offer coverage to property owners in the event of liability claims, property damage, and loss of rental income. Whether you’re renting your property on a short or long-term basis, acquiring rent insurance for landlords is an important step to ensuring you’re covered against any tenant issues.

The cost of rental insurance for landlords can vary depending on the chosen policy. At PMT, we work with property owners across the GTA to ensure they secure the insurance policy that meets their needs.