Why Every Landlord in Calgary and Edmonton Needs the Right Coverage

Many first-time landlords across Calgary and Edmonton make a costly assumption, they believe their standard home insurance policy protects their rental property. Unfortunately, it doesn’t. Homeowner’s insurance only applies when you live in the property yourself. Once it’s rented out, your coverage changes completely. Without proper landlord insurance, you could be left exposed to major financial losses, property damage, or even legal disputes.

That’s why professional property management companies like Davies Property Management help landlords safeguard their investments. Beyond day-to-day management, our Calgary and Edmonton teams provide industry-aligned recommendations to ensure every property is properly insured, maintained, and protected from risk.

1. What Is Landlord Insurance?

Landlord insurance, sometimes called rental property insurance, is a specialized policy for non-owner-occupied properties. It’s built specifically for landlords who rent out homes, condos, or multi-unit buildings.

A proper landlord insurance policy covers:

• The physical building – Protection against fire, storm damage, vandalism, and other common risks.
• Liability coverage – Protection if someone is injured on your property or sues you for damages.
• Loss of rental income – Compensation if your property becomes unlivable due to a covered incident.

This is not the same as a homeowner’s or tenant insurance policy. Landlord insurance protects the structure, your rental income, and your legal interests as the property owner. Whether you own a downtown Calgary condo or a suburban Edmonton rental home, landlord insurance ensures your investment remains secure, even when the unexpected happens.

2. Key Coverages Every Alberta Landlord Policy Should Include

If you’re renting out property in Calgary or Edmonton, your policy should include these essential coverages:

1. Property Damage

Covers the cost to repair or rebuild if your property is damaged by:

• Fire, flood, or severe weather
• Theft or vandalism
• Water leaks or frozen pipes

Both Calgary and Edmonton experience harsh winters and unpredictable weather, making this coverage essential for every landlord.

2. Liability Protection

If a tenant, visitor, or contractor is injured on your property, this coverage protects you from potential lawsuits and covers medical or legal costs.

3. Loss of Rental Income

If your property becomes temporarily uninhabitable (for example, due to a fire or flood), this coverage helps replace the rent you lose while repairs are underway.

4. Optional Add-Ons

You can customize your landlord policy with add-ons such as:

• Sewer backup coverage (especially important in older Calgary and Edmonton neighborhoods)
• Extended vacancy protection between tenants
• Earthquake coverage
• Appliance and equipment breakdown protection

These optional protections can make the difference between a full recovery and a financial setback.

3. Why Standard Home Insurance Doesn’t Work for Rentals

A common mistake landlords make is renting out their property while keeping their homeowner’s policy in place. Unfortunately, this can void your coverage.

If your property is tenant-occupied and you haven’t disclosed that to your insurer, any claim, no matter how valid, can be denied.

Here’s why landlord insurance is a must for property owners in Calgary and Edmonton:

• Homeowner’s insurance is for owner-occupied homes. It doesn’t apply when you’re renting to tenants.
• Tenant-related risks are excluded. If a tenant causes a fire or flood, your insurer may refuse coverage.
• You could face personal liability. Without the proper policy, you’re financially responsible for damages or injuries.

Rental properties carry unique risks, from tenant-caused damage to longer repair times, and the only way to protect yourself is with a specialized landlord policy.

4. How Davies Protects Landlords Beyond Insurance

Having the right insurance is crucial, but prevention is even better.

At Davies Property Management, we help landlords across Calgary and Edmonton protect their assets long before an insurance claim is needed. Our proactive management strategies reduce risk, prevent costly damage, and keep your investment performing at its best.

Regular Property Inspections

We conduct scheduled property inspections to catch maintenance issues early, before they turn into expensive insurance claims.

Thorough Tenant Screening

Our tenant placement process verifies employment, income, and rental history, ensuring your property is rented to responsible tenants who care for the home.

In-House Maintenance Team

When issues arise, our dedicated maintenance professionals respond quickly, protecting your property and keeping it in insurable condition.

Compliance & Legal Expertise

We help landlords stay compliant with the Alberta Residential Tenancies Act (RTA) and other regulations, reducing the risk of fines or legal action.

Davies Property Management provides more than just administration, we deliver peace of mind by managing risk from every angle.

5. Landlord Best Practices for Calgary and Edmonton

To keep your rental property secure and fully insured, follow these key best practices:

1. Disclose your rental activity to your insurance provider.
   • Failure to disclose can void your policy.
2. Review your coverage annually.
   • Calgary and Edmonton real estate markets are evolving, ensure your policy reflects current property values and risks.
3. Require tenants to carry renter’s insurance.
   • This covers their personal belongings and reduces your liability.
4. Use your Davies Owner Portal for documentation.
   • Store policy documents, inspection reports, and photos securely online for easy access.
5. Stay proactive with maintenance.
   • Alberta’s extreme weather makes seasonal maintenance and inspections essential for protecting your investment.

6. Why Landlords Choose Davies Property Management

At Davies Property Management, we’re more than a management company, we’re your partner in protecting and growing your rental investment.

Here’s how we help landlords in Calgary and Edmonton reduce risk and maximize returns:

• Proactive Risk Management – Prevent problems before they occur with detailed inspections and preventative maintenance.
• Tenant Placement Excellence – Minimize turnover and protect your property with proven screening processes.
• Transparency & Accessibility – Our secure Owner Portal keeps you updated with financials, inspections, and insurance documents.
• Local Expertise – With teams in both Calgary and Edmonton, we understand each city’s rental regulations, market conditions, and insurance nuances.

By combining professional property management with informed insurance guidance, Davies ensures that every landlord has complete confidence in their investment.

The Smartest Protection for Calgary and Edmonton Landlords, Is Davies Property Management

If you own rental property in Calgary or Edmonton, skipping landlord insurance isn’t an option, it’s a risk you can’t afford.

The right coverage not only protects your property from damage but also safeguards your rental income and shields you from liability.

Partnering with Davies Property Management means more than just reliable property management, it means having a team that proactively protects your assets, ensures compliance, and recommends the best insurance strategies to keep your investment secure.