Buying a home is a significant investment, and protecting your investment with the right insurance means peace of mind. Let our insurance experts shop over 40 companies to put together a home insurance policy that will make sure you’re covered should the unexpected occur.
Protect your future with coverage for your home, your valuables, and yourself.
As a tenant, you need protection too. An affordable and wise investment.
All the coverage you need to protect your rental property from the unexpected.
Home insurance primarily covers your dwelling, its contents, and your personal liability. The vast majority of Canadians opt for a comprehensive insurance policy—which offers all risk protection on your home and personal property.
Coverage for your home and the detached structures on your property such as your garage, storage shed, and pool house.
Coverage for the contents inside your home, such as furniture, electronics, clothing and other personal property.
Helps cover costs such hotel rooms, restaurant meals, storage costs, and other living expenses for time away from your home due to an insured loss.
Helps to protect you financially from bodily injuries or property damage to others while they’re on your property.
Learn more about what's covered by home insurance in Ontario.
The average yearly cost of homeowners insurance in Ontario is $1,280, with rates for tenants insurance being approximately one-fourth that amount, at $392/year.
Numerous factors go into determining the cost of your home insurance, such as where you live, the age and replacement value of your home, endorsements you have added to your policy such as flood insurance, and more. For this reason, average home insurance home rates in Ontario aren’t an accurate representation of what you might expect to pay. That being said, replacement value of your house is one of the primary considerations that can give you an approximate idea of what your home yearly insurance premium will cost you.
After we have found you a great rate you can help us keep your rates low by being claims free, having a good credit score, and keeping your home up to date.
There are however limits and endorsements within a policy that differ from one company to the next. These differences might make a company more appealing if these limits pertain to your specific needs.
For instance, all insurance policies carry a limit for things such as bikes, cash, jewellery and furs. A jewelry limit can range from $4,000 with some companies, to $10,000 with another. If you have a large quantity of jewelry items, or a few valuable pieces, this limit may be a point of interest for you to discuss with your broker.
Different companies also offer varying endorsements. Home Equipment Breakdown, Cyber Risk, Service Line, and Groundwater are examples of coverages that are not available at every insurance company in the province. Your broker can help you determine if these coverages are available and right for you and your home.
A broker is essential in helping you to find the coverages, limits and endorsements that best suit you and your home. In doing so, we ensure that you are shopping at all the best companies and for comparable coverages. This way you can ensure you are getting not only the best rate, but the best coverage!
To get a quote on Ontario home insurance, or to find out more about your coverage options, contact us or call us at 1-800-731-2228. We’ll be happy to help you protect the place you call home.