Home-sharing through rental networks is on the rise in Canada, so if you already home-share, or are considering it, have you thought about insurance protection?

We recently conducted a survey of homeowners across Canada who rent their home on a short-term basis and 51% of them were unaware that their insurance wouldn’t cover the losses or damage that could occur**.

What is home-sharing insurance?

Designed for people who rent their homes on a short-term basis through a home rental network such as Airbnb, Flipkey, and HomeAway, it covers:

  • liability arising out of the short-term rental
  • loss or damage to buildings and personal property
  • intentional acts, criminal acts, or failure to act by a guest
  • loss or damage to a guest’s property up to $1,500
  • fair rental value (loss of rental income)

Choose from these coverage options, based on your rental activity:

Option 1: Rent your entire home for up to 90 days.
Option 2: Rent your entire home for up to 180 days.
Option 3: Rent a portion of your home (eg a room, basement) to multiple short-term guests year-round.
Option 4: Rent your income property to short-term guests year-round. This coverage is also available as a standalone policy, even if your primary residence is not insured with Aviva.

 

Options 1-3 are available for homeowners, condo owners, and seasonal/secondary home and condo owners.

Option 4 is only available for rental income property owners.

Eligible hosts

  • Not intended for long-term rentals to one individual or annual lease situations.
  • Designed for hosts who rent their home or a portion of their home on a short-term basis, multiple times, to different individuals throughout the year.
  • The rental must be managed through a home rental network or a professional property management company.

*Aviva and the Aviva logo are trademarks used under licence by the licensor. Home-sharing coverage is underwritten by Aviva Insurance Company of Canada, Traders General Insurance Company and Scottish & York Insurance Co. Limited. Coverage is subject to policy limits. Certain conditions, restrictions and limitations apply.  

**In September 2016, Aviva Canada commissioned a targeted survey of over 2,000 Canadians, ages 25+, who are currently home insurance consumers, or planning to purchase home insurance over the next five years.

Pricing is based on your current home insurance premium, the number of days per year that you rent your home, and other individual risk characteristics. Use the calculator on this page for an estimate.    

Please note: this is an estimate only – you will require a full quote from an insurance broker.

temp
Rental term Current home
policy premium*
  Quote

Option 1
Entire home for up to 90 days $   $

Option 2
Entire home for up to 180 days $   $

Option 3
A portion of your home, to multiple short-term guests year-round. $   $

Option 4
Entire income property to multiple short-term guests year-round (ON & AB) $   $

Entire income property to multiple short-term guests year-round (all other Provinces) $   $

*Do not include commas in the columns

*Aviva and the Aviva logo are trademarks used under licence by the licensor. Home-sharing coverage is underwritten by Aviva Insurance Company of Canada, Traders General Insurance Company and Scottish & York Insurance Co. Limited. Coverage is subject to policy limits. Certain conditions, restrictions and limitations apply.  

**In September 2016, Aviva Canada commissioned a targeted survey of over 2,000 Canadians, ages 25+, who are currently home insurance consumers, or planning to purchase home insurance over the next five years.

For more information, contact your broker, find a broker, or call us at 1 800 387 4518 and we’ll help you find a broker.

Coverage will be available in all Canadian provinces and territories as of February 1, 2017. If you qualify, your broker will add the coverage to your existing home insurance policy, or give you a quote for a new policy that includes home-sharing coverage.

*Aviva and the Aviva logo are trademarks used under licence by the licensor. Home-sharing coverage is underwritten by Aviva Insurance Company of Canada, Traders General Insurance Company and Scottish & York Insurance Co. Limited. Coverage is subject to policy limits. Certain conditions, restrictions and limitations apply.  

**In September 2016, Aviva Canada commissioned a targeted survey of over 2,000 Canadians, ages 25+, who are currently home insurance consumers, or planning to purchase home insurance over the next five years.