π
Home Insurance
Protects your home and belongings from unexpected events
β οΈ No active Home Insurance policy found in your records
π¬ What is it?
Home insurance covers damage to your house from fire, theft, storms, and water damage (with add-ons). It also protects you legally if someone gets injured on your property. Most mortgage lenders require it.
π¨π¦ Why do Canadians need it?
Required by most mortgage lenders. Rebuilding a Canadian home can cost $300,000β$700,000. One fire, flood, or lawsuit could wipe out everything you've built.
Coverage Details
π° Typical Cost
$1,000β$2,500/year for an average Canadian home
π‘οΈ Coverage Range
Replacement cost value of home + contents
Available Types
Comprehensive (All-Risk)Broad FormBasic/Named PerilsNo-frills
Key Factors to Compare When Shopping
- β Replacement cost vs. actual cash value
- β Contents/personal property coverage limit
- β Liability limit ($1Mβ$2M recommended)
- β Overland water and sewer backup riders
- β Additional living expenses coverage
Top Canadian Providers
Intact Insurance
TD Insurance
Wawanesa Mutual
Aviva Canada
Allstate Canada
Co-operators
RSA Canada
CAA Insurance
Economical Insurance
Square One Insurance