MAX Insurance: Get a Home Insurance Quote
Compare MAX home insurance quotes against other top Canadian home insurers in under 5 minutes. Discover if a MAX insurance policy is right for you.
How to get a MAX insurance quote
Step 1: Share some information
Start by telling us a little about yourself and your insurance coverage needs.
Step 2: Compare the rates
We'll show you how MAX insurance quotes stack up against other top insurers.
Step 3: Enjoy the savings
Whether its MAX insurance or another insurer, you can choose the best rate for you.
Who is MAX Insurance?
Matt Hands, VP, Insurance
While MAX Insurance may be considered one of the new kids on the block, it has deep roots in the Canadian insurance industry that date all the way back to 1866. MAX Insurance specializes in personal property insurance products, including home insurance, condo insurance, tenant insurance and landlord insurance (also known as rental property insurance). Although the Canadian company is based in Kitchener, Ontario, it also operates in British Columbia, Alberta, Saskatchewan, and Manitoba.
Max emphasizes its low rate quoting process through the use of science and technology, the company uses AI technology to provide an individual, customized price to suit you and each policyholder.
For instance, if your home is near a river, but has a basement, MAX won’t offer you the same price for flood risk coverage as another nearby homeowner without an underground cellar – despite being in the same postal code. This unconventional, data-driven model can create a more accurate premium for you.
Why choose MAX Insurance?
While larger insurers provide a broader range in coverage ranges, MAX focuses heavily on its three core values: family, compassion, and guardianship.
It's mission is stated as: "Whether it's your first home, cottage, condo or apartment, we believe it's our duty to provide you protection for what matters most."
With their mission statement and core values in mind, MAX Insurance gives back by using a portion of its profits to help those who are uninsured and in dire financial situations and funds from policyholder’s premiums are used to help community members in times of need.
Why customers choose a Max insurance policy:
- Simplified & Easy to Understand Policies: Max has built policy wordings from the ground up using easy to understand language, helping you better understand your coverage.
- Online Claims Management Options: You can receive real-time status updates on active claims while giving you the ability to communicate with an adjuster directly on their website.
- Individually Targeted Pricing: Max removed territorial pricing logic from their rating algorithms which differentiates them from their competition, meaning your property is now individually rated and you are not grouped into a larger pricing bucket with your neighbours.
- Extensive Coverage Options: They offer coverage options specifically designed to meet and exceed individual policyholder needs. The array of property coverage options allows for more confident purchases knowing you have the right level of coverage for your needs.
- Multiple Payment Choices: Max gives its customers multiple options to manage payments on a monthly, quarterly, or annual basis.
How does Max home insurance work
Max has focused all it's efforts on being one of the industries top growing personal lines home insurance product solutions provider. Property owners trust Max for it's competitively priced homeowners, condo and rental property coverage, while many tenants look to Max for affordable renters insurance coverage.
If you are looking to purchase one of their home insurance product offerings you will need to
According to MAX Insurance, the “individualized pricing system will ensure you do not pay a portion of your neighbour’s insurance.” They're truly attempting to change the way you think about home insurance rates.
You will need to connect with an approved Max insurance brokerage to obtain a quote and a policy. The price of a policy is based on the company’s deep learning algorithm, which includes the following risk considerations:
- Individual insurance history
- Property construction
- Wildfire
- Wind
- Hail
- Crime
- Earthquake
- Flooding
- House fire
Max Insurance coverage options
When you are looking to purchase a policy with Max you have the following coverage options to choose from. Some are included in their standard policy offering, while others are optional endorsements and additions you can make. You also have the option to increase certain coverage limits (at a cost) that will further allow you to customize your policy.
| Type of Coverage | Description | Policy Inclusion Status |
|---|---|---|
| Wildfire | Coverage for property and additional expenses associated with wildfire related evacuations. | Standard |
| Storm | Protection against lighting, windstorm, winter storms, or hail damage - this does not include flooding from storms. | Standard |
| Fire & Smoke | Property fires and smoke can cause extensive property damage, coverage is available for repairs or replacements. | Standard |
| Theft & Break-ins | Covers replacement cost of stolen valuables, even if items are temporarily removed from your home (their are limits to coverage amount). | Standard |
| Vandalism | Repairs or replacement from property damages caused by vandalism or malicious acts. | Standard |
| Water Damage | Water damage from your plumbing. Has to be sudden rush, no slow leaks. | Standard |
| Falling Objects | Covers property damage from a falling object like a falling tree in a storm. | Standard |
| Contents | Helps to protect against insured damage to your personal property at your home or even within vehicle. | Standard |
| Nursing Home | If parents live in a long-term care facility and are dependent on you for support, their belongings are covered. | Standard |
| Personal Liability | Helps to cover any liable damages for bodily injury or property damage unintentionally caused by you or immediate family to others. | Standard, but you must select the amount of coverage you want (e.g. $1 million) |
| Overland Flood | Coverage against flood water damage caused by overland bodies of water (i.e. rivers, lakes, ponds, flash floods etc..) | Optional |
| Sewer Back-Up | Coverage against flood water damage caused by sewer line back ups (e.g. toilet overflowing). | Optional |
| Earthquake | Any related damage resulting from an Earthquake - more commonly purchased in BC where risks are higher. | Optional |
| Service Line | Service lines between your home and the street are specifically protected with this unique coverage. | Optional |
| Home Based Business | The Home Based Business Endorsement covers your business property and extra liability risks. | Optional |
| Hobby Farm | Coverage for modest farming exposures including protection for items such as property, equipment, and livestock. | Optional |
| Valuables | Added coverage limits for valuables, such as jewellery, sports gear, watercraft, etc.. | Optional |
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