Compare the best Vancouver home insurance quotes & save today

The cost of home insurance varies by property type and location. In Vancouver, an average house is about $80 per month, condo insurance costs about $40 per month, and a renter's insurance policy will be about $15 per month. However, condo insurance is on the rise with more buildings being built and rising claim volumes in older buildings leading the charge.  

Finding a broker is a personal choice, so it's hard to say which one is best. However, you can view our preferred brokers on our page dedicated to insurance brokers. Alternatively, use our Vancouver home insurance calculator to find which company will give you the best rate. We'll connect you with a broker to help finalize the deal and answer any questions you may have about home insurance. 

Intact is a major insurance provider, but Square One, a mid-tier provider offers great solutions, too. The best home insurance company for you will depend on your unique situation and which company is best or will give you the lowest rate, depends on many factors. Find the best home insurance in Vancouver by letting the machines and algorithms do the work for you. Based on your profile, each insurance company will provide a quote. It's much easier to make your decision knowing some of the details first, price is one of the most important ones. 

To get cheap insurance, the best advice is to bundle it with your auto insurance, which can result in a 25% savings. Other ways to save on home insurance, without moving to a cheaper location and into a smaller house, include renovations to improve safety and reduce risk.  For example, installing a sewer backup and waterproofing your foundation means you can maybe forgo flood insurance (depending on if you're close to a body of water). By installing a monitored alarm system, you could save 5%. You can increase your deductibles (the portion you pay before your insurer pays the rest). Finally, work to improve your credit score. If you allow your provider to check your credit score, and it's good, you can see some more savings. 

Contents insurance is part of any home insurance policy. Generally speaking, you'll get 60-70% worth of the value, but an insurance company has to take your word for what you have in your home for them to give you money to replace it. A better solution is to take an inventory of your goods and store it in the cloud somewhere (yes, there are apps for this.) Knowing what you have, it's worth is good. Pictures and receipts as proof are even better. 

Know that there are some limits to your valuables. If you have jewellery, rare art, or any collection worth more than $2,500, make sure the insurance company is aware of it. It may cost more to insure, but it'll be negligible compared to the cost of not owning it following an insurance event. 

Yes, if you’re unhappy with your rate or customer service, feel free to move on. However, before you do, it’s important to shop around for home insurance quotes, select your new provider, inform your old provider and ensure there are no coverage gaps while you transfer.

In all of the different coverages, there are some things that are excluded from policies. They're mostly due to wear and tear that gets worse due to negligence. For instance, mould is seen as a lack of maintenance from a homeowner. If a home insurance claim could have been avoided with regular maintenance, you can expect it to not be covered.

Other common exclusions include infestations from termites or rats, home businesses, dangerous dogs, and sewer backups. Water is a tricky peril and for some instances, it's included in your coverage, while for other scenarios it is not.

Be sure to check with your insurer about what is and isn’t covered. You may need to add coverage endorsements to your policy to customize your policy to meet your needs.

Unlike car insurance, where age and gender can play a role in determining your rate, home insurance only cares about the home itself. You can get married, share the home with your new spouse, and even add children if you want to and it won’t affect the rate you pay.

A deductible is the portion of the claim you’re responsible for paying before the insurance company will pay the rest. The higher your deductible, the cheaper your Vancouver insurance premiums. 

Yes, is the simple answer. While Airbnb does provide host protection, it may not be enough. You should contact your insurance provider before any changes to your policy and that includes renting it out. If they’re not ok with you renting your property, you can move your policy to another provider who will.

Make a complete list of damaged or stolen items. Call your insurance provider as soon as you can and ask about what you’re entitled to, especially if you can’t currently live in your home as you may be entitled to hotel and food expenses. A claims adjuster will be in contact with you to fill out a proof of loss form. Ask about using your own contractor or if you’re required to use one they supply to repair the property.

A home insurance peril is an unknown or accidental event. For instance, if your home is struck and damaged by lightning, creating a hole in your roof, there is no way you could have prevented it. But a home insurance policy is not a maintenance plan so if your roof has slowly degraded over time and now needs replacing, it is not a peril since its eventual replacement is expected.

Depending on when you cancel, there should be no charges to switch at the end of your contract. If you’re switching mid-term, you may incur some cancellation and administrative fees. If you’ve paid your premium annually, you may be entitled to a refund.