Get a quote

×

Join Our Distribution List Today!



×
ALIGNED Insurance

Call Toll Free
1-866-287-0448

Insurance For Landlords With Cannabis Growing Tenants

Insurance For Landlords With Cannabis Growing Tenants

Insurance For Landlords With Cannabis Growing Tenants

Click Here To Get Insurance For Landlords With Cannabis Growing Tenants
OR
Call us toll free at 1-866-287-0448 

Insurance for landlords with cannabis growing tenants is something that needs special attention because the process to secure insurance tenants growing cannabis is different from the standard insurance placement.  Insurers view insurance for landlords with cannabis growing tenants as high risk and there are a limited number of insurers who are even comfortable underwriting these sorts of risks.

Reasons Why Insurance For Landlords With Cannabis Growing Tenants Is Considered High Risk

There are a number of reasons why insurance for marijuana growing operations is considered high risk including:

  • Higher probability of fire
  • High market/dollar value of the product and inventory
  • Potential for water damage due to the growing systems
  • Concerns over mould and fungus risk
  • High business interruption exposure given the value of the product and growing time needed
  • Spoilage risk of the inventory
  • High value and specialized nature of equipment, lights, ventilation systems etc.
  • Significant machinery breakdown exposure due equipment needed for growing and sensitivity of the products to temperature and humidity

What’s Required To Get Insurance For Landlords With Cannabis Growing Tenants

The information needed to secure insurance for a property that has a marijuana grow operation includes all of the typical things needed, but a number of additional items specific to the details of the growing operation and they typically include:

For More Information Regarding Insurance For Landlords With Cannabis Growing Tenants Or To Get Insurance For Landlords With Cannabis Growing Tenants Connect With One Of Our Canadian Insurance Brokers Today at 1-866-287-0448

ALIGNED Across Canada  100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves nearly 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Waterloo, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.

Other Posts Related To Insurance For Landlords With Cannabis Growing Tenants

 

Leave a Reply

Your email address will not be published. Required fields are marked *