Types of home insurance
Select the type of home insurance coverage you are looking for and compare personalized quotes from Canada's top providers, for free.
Types of home insurance
Matt Hands, Business Director, Insurance
Home insurance in Canada comes in many forms.
To begin, there are 3 types of home insurance coverage and they are:
- Comprehensive - The choice for most Canadians that protects the building and its contents from all risks.
- Broad coverage - Covers the structure and contents for direct physical loss, but there are some exclusions like only covering your valuables against specific risks or perils.
- Basic coverage - Otherwise known as named perils, where it only covers you for what you've named as a risk. So, you can name lightning, but if a burglar robs you and you haven't named it, there's no insurance.
Of course, the type of homeowner you are is another factor, they include the following:
- House insurance - for a detached, semi-detached, or row house.
- Condo insurance - for buildings with self-contained units, also known as strata in B.C.
- Renters insurance - if you rent, yes there is insurance designed to protect you and your valuables
- Rental property insurance - If you're a landlord, you'll want to use this insurance.
- Vacation property insurance - calling all cottagers and snowbirds, this insurance is for you.
Within each of those policies, there are different types of home insurance coverage depending on several factors including the location of the property and its propensity for earthquakes, floods, or theft.
Whatever type of home insurance policy you get, we'll help walk you through each with tips and tricks so you can select the best coverage to suit your needs.
Home Insurance Quotes
How to compare home insurance quotes on Ratehub.ca
Step 1: Share some information
Tell us a little about yourself and your coverage needs
Step 2: Compare quotes
We instantly show you dozens of quotes side-by-side from top providers
Step 3: Save money
Choose your quote and secure your insurance rate online, or via one of our licensed brokers
What are the different types of home insurance?
Click to learn more about each type of home insurance available in Canada.
Homeowner insurance
Condo insurance
Tenant insurance
Rental property insurance
Vacation property insurance
Are you getting the best price for your home insurance?
Optional types of home insurance in Canada
Flood insurance
Earthquake insurance
Contents insurance
Identity theft
Home-sharing
Author Bio
Matt Hands, Business Director of Insurance
Matt started his professional career at CARPROOF where he honed his marketing and analytical skills for over 3 years. Matt then took his wealth of experience to Ratehub.ca’s Toronto offices, working with insurance providers, agents, and brokers to grow and expand the Insurance business unit. He is a thought leader in the community and a valuable insurance resource to respected publications like the Globe & Mail, Toronto Star, Huffington Post, Yahoo News, and 680 news radio in Toronto.
read linkedin bioThe knowledge bank
By submitting your email address, you acknowledge and agree to Ratehub.ca‘s Terms of Use and Privacy Policy. Contact us for more information. You can unsubscribe at any time.
About Ratehub.ca
Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.
When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place.
Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.
How does Ratehub.ca make money?
Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.