Home Insurance:
What’s Covered

At-a-glance Ontario home insurance coverage. What’s covered, and for how much.

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What’s Covered By Homeowners Insurance?

Home insurance primarily covers your dwelling, its contents, and your personal liability. The vast majority of Canadian homeowners opt for a comprehensive insurance policy—which offers all risk protection on your home and personal property.

  1. What’s Protected By Homeowners Insurance?
  2. Which Perils Does Home Insurance Protect Me Against?
  3. What’s Not Covered by Home Insurance?
  4. Endorsements: Crucial Coverage For Better Protection

What’s Protected By Homeowners Insurance?

Canadian insurers offer seven standard sections (A – G) of home insurance coverage. The table below lists coverage ranges from the majority of insurance companies in Canada for each of these sections. The major differences in coverage between types of home insurance policies comes down to the perils you are protected from. But before we get to what you’re covered against, here’s what’s covered:

Example $900,000 home

Example coverage on $900,000 Ontario Home

  • $900,000 real estate value
  • 3000 sqft Subdivision
  • Built in 2015
  • Pool in back yard with pool house
Comprehensive Home Insurance Coverage
Coverage Coverage Amounta Example Home
1. Property Coverages
A) Dwelling Buildingb The foundation, walls, flooring, windows, doors, and roof of your home. Learn more Replacement Cost: A dollar amount equal to the cost to rebuild your home Insured for $750 000 which is equal to $250 per square foot rebuild cost
B) Other Buildingsb Structures on your property that aren’t part of the main home, such as the tools shed, detached garage, or pool house. Learn more 10% – 20% of Coverage A Replacement Cost $75,000-$150,000
C) Contents Your personal belongings inside your home, such as jewelry, artwork, electronics, furniture, etc. Learn more 70% – 80% of Coverage A Replacement Cost $525,000 – $600,000
D) Additional Living Expenses To handle the costs of additional living expenses for time away from your home due to an insured loss. Learn more 20% – 30% of Coverage A Replacement Cost $150,000 – $225,000
2. Liability Coverages
E) Personal Liability Covers injuries or property damage to any third party while they’re on your property. Learn more $1,000,000 – $5,000,000
F) Voluntary Medical Payments Covers the costs should you hurt someone and want to volunteer this medical payment. Learn more $1,000 – $10,000
G) Voluntary Property Damage Can be used to cover the physical damage you cause anywhere in the world. Learn more $500 – $6,000
Additional Coverage
Fire Department Service Charges Reimburses fees charged by the fire dept. after visiting your home for an insured peril. Usually no deductible. $1,000 – No limit
Counterfeit Cheques Forgery or alteration of a cheque or other document guaranteeing payment. $5,000 – $10,000
Counterfeit Money If you accidentally accept counterfeit paper money. Typically no deductible. $1,000 – $10,000
Credit Cards Losses caused by theft or unauthorized use of credit/automated teller/cash cards or numbers issued to you. Typically no deductible. $1,000 – $25,000
Freezer Foods Spoilage of frozen foods caused by accidental interruption or mechanical breakdown of your freezer. $2,000 – No limit
Lock Repair & Replacement Replacement or re-keying of the locks on your dwelling if your keys are stolen. Usually no deductible. $500 – $1,000
Mass Evacuation Increased living expenses due to ordered evacuation from your premises. 14 – 30 days,
$2,500 – $10,000
Reward For Information Payment for information that leads to a conviction for arson/theft in connection with insured property loss/damage. $500 – $5,000

a The range of coverage amounts offered amongst our 40+ insurance partners
b Homeowners only

In the unlikely event that you don’t qualify for comprehensive home insurance, e.g., 200+ year old home; 80+ year old electrical wiring; or numerous claims, you’ll still be eligible for broad form coverage, limiting you to named perils on your personal belongings.

Which Perils Does Home Insurance Protect Me Against?

The perils that home insurance protects you from will depend on the type of policy you have. Most Canadian homeowners opt for a comprehensive insurance policy, because it protects you from all risks on contents (your personal property) as well as the building.

The 3 Most Common Types of Home Insurance Compared
  Fire and Extended Coverages Broad Form Coverage Comprehensive Coverage
Dwelling Building Named perils only All perils All perils
Additional Buildings Named perils only All perils All perils
Contents Named perils only Named perils only All perils
Additional Living Expenses All perils All perils All perils
Personal Liability All perils All perils All perils
Voluntary Medical Payments All perils All perils All perils
Voluntary Property Damage Payments All perils All perils All perils

What’s Not Covered by Home Insurance?

Some risks are considered uninsurable, and they often involve damage considered to be preventable with proper home maintenance. These uninsurable risks, or exclusions are generally not covered by any policy. Examples include:

  • Wear-and-tear
  • Intentional application of heat
  • Animal or insect damage
  • Pollution

Endorsements: Crucial Coverage For Better Protection<

Endorsements are available to extend your home insurance coverage to include certain exclusions or situations not covered by a standard home insurance policy. The most frequently chosen endorsements include:

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For more details or a quick, personalized quote on your home insurance, contact one of our brokers. Mitchell & Whale Insurance Brokers have been helping homeowners find – and understand – the best home insurance policies since 1948. We’ll be happy to find you the coverage you need at the best rate in Ontario.

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