Rooming house insurance?

[ckc]

Hi, I am a new landlord, currently living in Vancouver. I have been renting out my 3-bdrm house in Calgary to two adults. These friends are moving out imminently, and I`d like to rent to 3 interested adults.

I`ve been advised by our insurance broker that more than 2 adults constitutes a rooming house, which is a separate type of insurance that is difficult to find and expensive to purchase. In fact, he claims that he`s unable to find any company that would offer this type of insurance, which surprises me.

Any advice on which companies to check out would be greatly appreciated.

Thanks!

 

[housingrental]

Not sure if they can help in BC but try Van Allen insurance in Listowel, Ontario

 

[MrHamilton]

QUOTE (ckc @ Dec 10 2010, 06:26 PM) Hi, I am a new landlord, currently living in Vancouver. I have been renting out my 3-bdrm house in Calgary to two adults. These friends are moving out imminently, and I`d like to rent to 3 interested adults.

I`ve been advised by our insurance broker that more than 2 adults constitutes a rooming house, which is a separate type of insurance that is difficult to find and expensive to purchase. In fact, he claims that he`s unable to find any company that would offer this type of insurance, which surprises me.

Any advice on which companies to check out would be greatly appreciated.

Thanks!

Hi there,

Am I correct in assuming that these three adults are unrelated? Any chance you could get all three of them to sign a single lease?