房東保險: 有備無患 Landlord insurance: be ready for any circumstance

Posted by Emma McKenzie on Feb 8, 2017 6:07:47 AM

Many may consider landlord insurance unnecessary, confident that only the best tenants will emerge from a stringent selection process to lease their property. And with good tenants, what could possibly go wrong with your investment – right? 許多人認為房東保險沒有必要,相信經由嚴格的篩選過程可以過濾出最佳的租戶,以租賃他們的房產。有了好租客,您的投資可是萬無一失了- 對嗎?

Do you need Insurance-1.jpgAndrea Butt of Harcourts Property Management talks to the team at Square One Insurance Services about the lowdown landlord insurance. Harcourts物業管理公司的Andrea Butt與Square One保險服務公司的團隊就房東保險的重要性進行了以下對話。

Do landlords in strata properties require insurance? 共管物業房東是否需要買保險?

There is a common misconception that the commercial insurance purchased by the strata property fully protects the unit owner. In reality, the strata property’s insurance only covers the building, common areas and associated liability exposures. As a unit owner, you must purchase insurance to protect your unit, contents owned by you, and associated exposures. Without insurance, you could be out-of-pocket tens of thousands of dollars in the event of a loss. Your tenant is responsible for purchasing a tenant insurance policy to cover their own belongings and any liability exposures. 大家常有一個誤解,以為共管物業所購買的商業保險已足以保障單位業主的權益。但實際上,此類保險只涵蓋建築物,公共區域和相關的責任風險。作為單位所有者,您必須購買額外保險,以保護您的單位,單位內您擁有的物件和其他相關風險。如果沒有保險,在發生損失的情況下,您可能要自掏腰包達數萬元。您的租戶則要負責購買租戶保險,以保障他們自己的物品及任何風險責任。

What does a standard landlord insurance policy cover for a rental property? Are there any additional options? 租賃物業的標準房東保險包括什麼?有任何附加選項嗎?

The typical landlord insurance policy includes: 典型的房東保險包括:

  • Condo property protection: This protects against amounts you are assessed to offset a property insurance deductible paid by your condominium corporation. It also protects against repair costs to the building and common areas that: (1) fall beneath your condominium corporation’s property insurance deductible; (2) are not covered by your condominium corporation’s property insurance; or, (3) result from a shortfall in your condominium corporation’s property insurance. 公寓物業保障險:保障共管公寓支付財產保險的自付額中您所必需分攤的部分。它還保障因下列原因產生之建築物和公共區域的維修成本:(1)共管公寓財產保險的自付額; (2)共管公寓財產保險不包括的項目;或(3)共管公寓的財產保險不足。
  • Premises liability: This protects against amounts you are legally responsible to pay for unintentional injury to someone or damage to their property arising from the ownership or use of your home. 房屋責任險:承擔房屋的所有人或使用人,對第三者人身傷害、財產損毀,依法應承擔的金額。

With most policies, you can also purchase: 在大多數保險下,您還可以加購保險以下項目:

  • Condo improvements, fixtures and glass: This protects any upgrades, additions, or alterations made to your condo unit after it was originally built. It also protects countertops, flooring, glass, or other fixtures in your unit that you are responsible for insuring under the bylaws of your strata property. 公寓升級,設備和玻璃:保障公寓單位建成後之任何升級,加建或更改。它還保障共管物業條例中,您必須負責的檯面,地板,玻璃或其他固定裝置。
  • Landlord property: This protects appliances, window coverings, furniture and any other property that you have provided in the unit for your tenants to use. It does not protect any property owned by your tenants. Your tenants need to purchase their own insurance policy. 房東財產:保障在單位中為租戶提供的電器,窗簾,家具和其他物件。但它不包括租戶的任何私人物品。租戶需要購買自己的保險。
  • Lost rental income: If the unit is damaged and rendered uninhabitable, you cannot collect rent from your tenants. If the damage was due to an insured loss type, your landlord insurance will reimburse you for lost rental income while repairs are completed. 租金收入損失:如果單位因損壞而不適合居住,就無法收取租金。如果損害是保險類型損失,房東保險將賠償您在修理中的租金收入。

Tell us an example or two of where the owner was thankful they had landlord insurance. 請舉一兩個業主慶幸他們有房東保險的例子。

In this first example, the tenant became distracted while drawing a bath. Water overflowed, damaging the hardwood floor in the unit, carpet in the common hallway, and the ceiling in the unit below. The tenant did not have insurance but, fortunately, the landlord did. The landlord’s policy paid $3,000 to repair the hardwood floor and $25,000 to cover the assessment associated with the strata property’s deductible. 在第一個例子中,租客在洗澡時不小心導致水溢出,破壞了單位的硬木地板,公共走廊的地毯和下層單位的天花板。租客沒有保險,但幸運的是,房東買了保險。房東的保險支付了3,000元修復硬木地板和共管物業保險的自付額25,000元。

In this second example, a pipe burst in the unit causing significant damage to the unit, common hallway, and the unit below. The unit was also rendered uninhabitable forcing the tenant to temporarily move out while repairs were completed. Although neither the landlord nor the tenant was at fault, the strata property assessed its $10,000 deductible against the landlord. In addition to covering this cost, the landlord’s policy also paid to repair the unit’s hardwood floors and crown mouldings, as well as lost rental income while the repairs were completed. 在第二個例子中,單位內的一個管線爆裂,造成單位,公共走廊和下層單位的嚴重損壞。該單位因此不適於居住,迫使租戶在修理完成時暫時搬出。雖然業主和租客都沒有過錯,但共管公寓認定房東需分攤保險扣除額10,000元。房東的保險除了付擔這筆費用,還負責修復單位的硬木地板和冠形顶飾,以及在修理時損失的租金收入。

What does the owner have to watch out for when choosing a landlord insurance policy? 業主在選擇房東保險時需要注意什麼?

First, it’s critically important that you understand what the maximum deductible is under the strata property’s insurance policy as it may be assessed against you. This is more difficult than you might expect because there are often several deductibles. 首先,非常重要的一點是了解共管公寓的財產保險單最高自付額是多少,因為它可能會決定每戶的分攤金額。因自付額經常不止一個,所以不如想像中的容易。

Next, it’s important to review your strata property bylaws to determine if you are responsible for insuring countertops, floorings, and fixtures. Some strata property policies will not provide any protection for these items, even if they were original to the unit. 接下來,重要的是檢視共管公寓的條例,以確定您是否負責保證檯面,地板和固定裝置。即使這些是原有的單位項目,某些共管公寓的政策不會為這些項目提供任何保障。

Finally, you must determine if there were any upgrades, additions, or alternations to your unit, whether made by you or a previous owner. It’s important to note that any customizations that were made to the unit during the strata’s original construction are also considered upgrades. 最後,必須確定單位內是否有由您自己,或是以前的所有者所做的任何升級,添加或更改。重要的是要注意,在共管公寓的建築期間對單元進行的任何特別訂做也被認為是升級。

Are there any special considerations in choosing landlord insurance for strata properties? 在選擇共管物業的房東保險時有什麼特別考慮嗎?

Many companies only offer landlord insurance as an add-on to your primary residence policy. If there is a loss at your rental property, then it may also affect your primary residence premium. So, you may want to purchase a separate policy for your rental property. 許多公司只提供作為主要居住處附加險之房東保險。 因此如果出租物業有損失,那麼它也可能會影響主要住所的保費。 所以您可能要為出租物業單獨購買保險。

Should landlords inspect their rental properties? If so, how often? 房東應該檢查他們的出租物業嗎? 如果是,多久一次?

Harcourts conducts quarterly inspections once a quarter, and recommend this as the standard. Regular inspections can reduce the risk of claims. For example, a new tripping hazard may be identified and remedied during the inspection, preventing injury to a guest. Often times, tenants don’t notify their landlords of what they believe to be minor issues but which may actually pose major risks. Harcourts每季進行一次季度檢查,並推薦以此為標準。 定期檢查可以降低索賠的風險。 例如,在檢查期間可能會發現會導致人絆倒的危險,經過補救,從而防止對它人的傷害。租戶通常會認為新問題太小而不會通知房東,但實際上因此可能會帶來重大風險。

 

ARTICLE BROUGHT TO YOU BY ANDREA BUTT
HEAD OF PROPERTY MANAGEMENT, HARCOURTS

文章由HARCOURTS 物業管理負責人
ANDREA BUTT提供

 

About Square One Insurance Services關於Square One保險服務

Established in 2011 and based in Vancouver, British Columbia, Square One offers the only home insurance policy in Canada that can be personalized to your unique needs. That means you only pay for the protection you need. Square One is also one of the few providers to automatically include earthquake, sewer backup, and broad water protection in its policies. Square One currently serves British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. For more information about Square One, or to get an online quote, visit www.squareoneinsurance.ca.

Square One成立於2011年,總部位於哥倫比亞省的溫哥華,是加拿大唯一能提供量身訂製的家庭保險服務。您只要支付符合您需求的房屋保險。 Square One也是少數幾個在其保單中自動包括地震,下水道回堵和水災損害的供應商之一。 Square One目前服務於不列顛哥倫比亞省,亞伯達省,薩斯喀徹溫省,曼尼托巴省和安大略省。有關Square One的更多信息,或線上報價,請訪問www.squareoneinsurance.ca。

Topics: Property Management, Property Investment, Rental Property, Insurance, Investors

Tips2.jpg Have a dedicated office space

Office-Home.jpgIt is very important to designate one room (or even a large closet) as your office. This space should have enough room for your desk and a cabinet, it should be quiet, comfortable, and if possible separate from the rest of the house. If you live in a small place try to dedicate a quiet area where you can have your desk. Whatever your office looks like, make sure the only thing that happens in that space is work.

♦ Treat your work day as a work day

The first few hours of the work day can have a significant effect on your level of productivity. This means getting up early, showered, and dressed like you’re going to the office. It doesn’t have to be a suit and tie or a pencil skirt – that’s one of the benefits of working from home, after all – but getting cleaned up and dressed makes it easier to stay “work-minded” all day.

Take Breaks

Take-break.jpgTaking breaks can be a great boost to your productivity. Take fifteen minutes each morning and afternoon, and be sure to take a lunch break. It helps you to be efficient and productive as well as keeping your day structure. A great Mac app called Breaktime can help you schedule your breaks.

 

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Make your home office efficient but also pleasing

Tidy-Office.jpgYou’re going to spend a lot of time in your office, make it an enjoyable place to be. When it comes to paperwork, you want to keep your business and personal things separate. It is easy to keep your personal documents such as, birth certificates, mortgages records, bank statements, etc, in the same room as their business files. Be careful not to get the two mixed up or misplace client information. Maintain your desk free of clutter.

 Adopt a system you trust

It’s easy to get distracted at home. One way to help you understand your productivity level is to start tracking the time you spend at the task at hand. Create a work-sheet where you can enter the task, task description and time spent on that specific item. Creating a system will make your work-day more efficient and productive.

 

 

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