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What is covered under our Scheer Landlord Protection policy?

Are you protected from renters who might decide to quit paying rent, damage your building and trash the contents inside of your rental? Are you covered against loss or will you end up paying out of pocket?

Can you afford all this with no rent?

With SureVestor’s Scheer Landlord Protection you get coverage against these risks, replacement fees for your contents and insurance against the destruction of your building. Find out what we cover below.

Communicable Disease Endorsement

For all new policies and renewals with an effective or renewal date of April 1, 2020 onwards:

Claims resulting from insured events that occur within the first 90 days of commencement date (of the policy), will be limited to 50% of the total amount that, but for this Endorsement, would otherwise be payable to the insured under this policy.

Claims will only be paid once the tenant has vacated the property.

The current $500 deductible for malicious damage and theft claims will be increased to $5000. Other conditions include mandatory immediate reporting of malicious damage and theft to the claims agent Mills Mehr & Associates where physical damage is estimated to exceed $5000, along with a report to local police, possible appointment of loss adjuster and fraud audit on all malicious damage and theft claims. All other policy terms, eligibility and conditions remain unaltered.

All other policy terms, eligibility and conditions remain unaltered.

If you are already aware that your tenant will not be able to pay rent, you will need to make an arrangement with the tenant. These losses are already incurred and insurance will not cover them. The Arrears at commencement for cover clause still applies to all new policy requests.

Policy Benefits Checklist

All specified risks listed below are included unless otherwise stipulated as No cover.

* Prices exclude your state specific taxes and stamping fees.

  SCHEER ESSENTIAL SCHEER PREMIER SCHEER ULTIMATE
$0-$999 Not Available Not Available Not Available
$1000-$2000 $315/year* $355/year* $395/year*
$2001-$3000 Not Available $355/year*
Rent Coverage caps at $2000/month
or $455/year*
Rent Coverage caps at $3000/month
$395/year*
Rent Coverage caps at $2000/month
or $495/year*
Rent Coverage caps at $3000/month
Over $3000 Not Available
LOSS OF RENT Arrears period of 2 months applies. Max Level of Cover Max Level of Cover Max Level of Cover
Tenant Skip (lease break) 2 weeks 4 weeks 8 weeks
Tenant Delinquency (Eviction Order granted) 4 weeks 6 weeks 10 weeks
Tenant Delinquency (Writ of Possession obtained) No cover 8 weeks 12 weeks
Tenant Death (sole tenancy) No cover 8 weeks 12 weeks
Tenant Murder or suicide No cover 6 weeks 25 weeks
Untenable (Contents for Condos) for damage by fire, explosion or water damage 4 weeks 6 weeks 8 weeks
Untenable (due to malicious damage by tenant to the contents only) 4 weeks 6 weeks 8 weeks
Untenable (due to malicious damage by tenant to the building only) 4 weeks 12 weeks 16 weeks
Victims of Violence No cover 2 weeks 4 weeks
Prevention of Access/Denial of Access 12 weeks 12 weeks 12 weeks
ADDITIONAL BENEFITS      
Malicious damage to building and/or contents $25,000 $35,000 $50,000
Theft or Damage due to theft to building and/or contents $5,000 $15,000 $25,000
Eviction filing fee, Eviction defense costs $500 $4,000 $7,000
Sheriff, Marshall or Constable fees $200 $400 $600
Loss due to use of Digital Lock Boxes $2,000 $5,000 $5,000
Service and/or companion animal damage $1,000 $1,000 $1,000
Re-keying of locks
No cover $300 $400
Terrorism cover available for additional premium On request On request On request
CONTENTS FOR CONDOMINIUMS Max amount claimable per claim aggregated with malicious damage $25,000 $35,000 $50,000
Fire or explosion
Water Damage
If you are a property manager Pick this PlanNot Yet Registered? Pick this PlanNot Yet Registered? Pick this PlanNot Yet Registered?
If you are a landlord Info on This Plan Info on This Plan Info on This Plan

NOTE: A deductible of $500 per event will be applied to all Malicious Damage and Theft Claims.

Eligibility Criteria