Canadian Underwriter

Introducing APRIL Canada’s extended Landlord Protection

February 20, 2019   by April Rental

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TORONTO, ON, FEB. 20, 2019/insPRESS/ – “After launching the only insurance for rent arrears and damage caused by tenants back in September 2018; we kept working tirelessly to go above and beyond for Ontario and Quebec landlords and provide them a unique solution adapted to their needs.” states Charlotte MALAURIE, Residential National Director at APRIL. “A lot of landlords from the GTA or Montreal rent out their properties with appliances and include them in the lease and rent. But it can be very cumbersome to manage for the landlord if one of the appliances breaks down and they need to call a repairman or change it. So in order to ease the landlords’ lives, we’ve added an Appliance warranty to our Landlord Protection.”

The Appliance warranty is available under two options: 3-appliance plan for $134 or 5-appliance plan for $189. If the appliance is not repairable, the landlord can buy a new one from a very extensive catalog at discounted price.

APRIL’s product insures landlords are well protected against:

  • Unpaid rents arising from rent arrears, tenant’s death or untenantable property and other unfortunate situations.
  • Theft or damage caused by tenants – whether they are accidental, malicious or not.
  • Appliance breakdown – for the stove, fridge, dishwasher, washer and dryer made available by the landlord to tenants.
  • Property damage – whether it’s a rented home, condo or multiplex.
  • Civil liability – if someone gets injured on the rental property and the landlord is found legally liable.

The new Landlord Protection is another example of how we stay true to our values of – Pushing Boundaries and Innovating. We were the first market to insure properties listed on short-term rental platforms such as AirBnB across Canada back in 2014 and now we are excited to bring you yet another exclusivity to the marketplace.

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