RSA stresses need for proper insurance as high number look to rent cottages this summer

Toronto, ON – July 16, 2009 – With the cottage rental industry experiencing one of its busiest seasons in decades, it’s become even more important for cottage owners to ensure they are properly protected from risks, says leading home, auto and business insurer RSA.

“We have heard from Cottage Link Rental Management, one of the largest cottage and cabin rental agencies in Canada that they are seeing an increase in people interested in renting vacation homes this summer of up to 40 per cent,” says Shelley Toyota, director of personal insurance at RSA. “Anecdotal evidence has shown more families are looking to save money by vacationing closer to home and more rental properties have become available as cottage owners who are having difficulty selling their properties attempt to rent them out instead.”

With an influx of new rentals hitting the market, many may not be aware of the insurance requirements necessary when it comes to seasonal properties

“A lot of people I talk to believe because they have cottage insurance they are covered when renting it out as a vacation property as well and that’s not the case,” says Heather Bayer, president of Cottage Link Rental Management and administrator of “They think because they are just renting it to friends and family that they are safe.”

It’s very important that the cottage owner speaks with an insurance broker to make sure they get the proper advice and the right coverage in place before they rent out their property.

RSA wants to remind owners there are various steps that should be taken to minimise any risks on a seasonal property when renting it out including:

  • Ensure all buildings on the property are properly insured including docks, guest cabins, boathouses and, in some cases, even boats
  • Take the same risk reduction steps for your cottage that you would for your house such as checking smoke detectors, keeping a fire extinguisher on the premises and locking doors/li>
  • Provide operation instructions for anything the average renter might not be familiar with such as a woodstove and a propane furnace/li>
  • If you are renting your cottage to families with small children take a look around the property and see what improvements are needed to make it child safe/li>
  • Check on your property after the renters have left to ensure that windows haven’t been left open or taps haven’t been left on /li>

“With more people looking to rent out their cottages for shorter periods of time, RSA recently introduced an add-on to our seasonal residence policies that insures customers, at no extra cost, when renting out their properties for up to four weeks,” said Toyota.

Customers also have the option of purchasing coverage for longer rental periods of up to 24 weeks

  • RSA is the national insurance sponsor of the AIR MILES® Reward Program. Earn 1 AIR MILES® reward mile for every $20 (including taxes) spent on a new or renewed personal home or car policy purchased through a local RSA insurance broker. For more information, visit
  • For more information on renting cottages in Canada please visit

About RSA

RSA Canada includes Roins Financial Services Limited, Royal & Sun Alliance Insurance Company of Canada, Quebec Assurance Company, Johnson Inc., Western Assurance Company, Ascentus Insurance Ltd., Canadian Northern Shield Insurance Company and is part of RSA Insurance Group plc. RSA Canada employs approximately 3,100 people and is represented by a large network of brokers across the country. In 2008, the Canadian Group wrote $1.8 bn in direct premiums with assets exceeding $5.5 billion. Internationally, RSA Insurance Group plc employs about 22,000 people and has the capability to write business in 130 countries and in 2008 its net written premiums were £6.5bn. RSA and CNS are trade names of Royal & Sun Alliance Insurance Company of Canada and Canadian Northern Shield Insurance Company, respectively.