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Home Insurance in Canada : What Does it Cover?

Posted by christiane savaria on June 10, 2021

Home Insurance

Your home is probably your biggest investment, and when damage or loss occurs, it can be emotionally, and financially devastating.

Although not mandated by law, but Home insurance may help protect your home and its contents in case of theft, loss or damage to the inside and outside of your home or property.

The vast majority of Canadian homeowners opt for a comprehensive insurance policy—which offers all risk protection on your home and personal property.

Although not mandated by law, but Home insurance may help protect your home and its contents in case of theft, loss or damage to the inside and outside of your home or property.

Types of home insurance

Since there’s no one policy that suits everyone, it’s important to shop around and find a policy that fits your life circumstances.

there are four main types of home_insurance policies:

Comprehensive coverage

As the most inclusive home_insurance policy, comprehensive covers both the building and its contents for all risks, except for those specifically excluded.

Basic coverage

You can save money by purchasing a policy with less coverage and covering the cost of uninsured losses yourself.

Broad coverage

This policy provides comprehensive coverage on the big-ticket items, such as the building, as well as named perils coverage on the contents.

“No frills” coverage

Some insurers offer basic or no frills coverage for properties that don’t meet normal insurance standards. These policies may be appropriate for homes purchased as fixer-uppers that need significant renovations or homes with serious structural problems.

The following perils are among those not covered by home insurance:

  •     Damage from the freezing of indoor plumbing
  •     Insect and rodent damage
  •     Damage caused by landslides or earthquakes (unless purchased additionally)
  •     Damage caused by freezing outside your home (such as frost heaving)

How are home insurance rates determined?

The insurance provider will take into account your personal details (like the age, condition and location of your home), as well as your claims history and the coverages and deductibles you have requested when determining your premium.

here are 10 Factors that can affect your home insurance premium

1. Where you live

2. Heat source.

3. Type of electrical distribution.

4. Pipes and plumbing.

5. Age of roof.

6. Primary use of your home.

7. Your claims history.

8. Proximity to fire hydrant and fire station.

9. Alarm system.

10. Value of your home (replacement cost to rebuild)

  In this article, we will answer these questions and many other questions

  • do the insurance covers earthquakes ?
  • What’s Protected By Homeowners Insurance?
  • Which Perils Does Home Insurance Protect Me Against?
  • What’s Not Covered by Home_Insurance?

do the insurance covers earthquakes ?

in fact , Your home insurance covers earthquake damage only is you purchased an “earthquake rider” on your policy. These are mostly meaningful in British Columbia and Quebec.

Loss of Use

Commonly referred to as Additional Living Expenses, Loss of Use coverage is included in all home plans. It pays for the potential increase in your living expenses if you are temporarily unable to live in your home as a result of an insured event.

Condominium insurance

Condominium coverage is different from home insurance because it covers damage or loss for the inside of your unit and your storage locker. It also covers personal liability claims in case someone is injured in your home.


If you bundle your home insurance with the same company you use for your car or life insurance, you may be eligible for a discount.

Hot Tubs or Pools

Installing a hot tub or swimming pool on your property can increase the cost of your insurance policy. Should someone drown or be seriously injured, you could be personally liable. Insurers compensate for this risk by raising your premium.


As is the case with freshwater flood protection, most providers offer some sort of OPTIONAL sewer backup protection, but it is not usually included on default standard insurance policies.


Getting a quote online is free and takes just a few minutes.

Liability Protection

A typical homeowners insurance policy provides liability coverage when someone not living with you is injured while on your property.


Home insurance provides coverage for your goods in the event that they are damaged as a result of a disaster such as a fire, vandalism and even the effects of Mother Nature (storm, etc.).


For high-value jewellery, furniture or art, separate endorsements are also available. Understand the limitations in your policy.

Other Structures Protection

Most homeowners insurance policies also include coverage for other structures that are on your property but separate from your home, like a detached garage, tool shed or fence.

Will remodelling increase my home insurance?

Yes, because remodelling generally increases the value of your home.

Bottom Line

Discuss your needs with an insurance agent or broker, and ask about purchasing extra coverage for valuable items like jewellery, electronic equipment and etc.

see also

Home Renovation ,Subsidy programs for housing | How Do they Work?

How to protect your building against radon gas

The Importance of Waterproofing Your Foundation

All about Using a Sump Pump and how does it work

Tips for preventing water damage

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