Ontario Home Insurance
For over thirty years, Humberview Insurance has been a trusted home insurance provider for homes across Ontario. We pair each client with a dedicated, licensed Insurance Broker who will help you get the proper policy at an affordable home insurance rate. We provide homeowners insurance and insurance for other types of properties listed below. You can count on us not only to secure competitive rates for your home but also to deliver exceptional service and professional advice from the initial quote to your new policy and beyond. Click to get a quote on Ontario homeowners insurance quote.
Standard Home Insurance Coverage in Ontario
Dwelling/Building Insurance
This coverage protects the physical structure of your home including walls, roof and built in fixtures against damage from events like fires and storms.
Detached Private Structures
Covers structures on your property that are separate from your main home like garages and sheds. It provides protection against damage or loss due to covered events.
Personal Property Insurance
Protects the items inside your home, such as furniture, electronics and personal belongings. It offers compensation for loss or damage due to covered events.
Additional Living Expenses
If your home becomes uninhabitable due to a covered loss, this coverage helps pay for temporary increase in living costs like hotel bills, meals and other expenses.
Legal Liability
Provides Protection if you are held legally responsible for injury or property damage to others. It covers legal costs and damages, safeguarding your finances in case of a covered claim.
Every home is different and to ensure what kind of coverages your home may qualify for you should always speak to a licensed Home Insurance Broker to find out what is and is not covered under your policy. The above coverages are typically for homeowners policies (owned occupied homes) the availability of the above coverages can vary depending on the property and applicant. Its essential to consult with a licensed Home Insurance Broker to determine which additional coverages are necessary or desirable for your home’s unique needs
Extra Home Insurance Coverage You May Add-On
Bylaw Coverage
Covers additional costs to rebuild or repair your home to current building codes after a covered loss, especially important for older homes.
Claim Protector
Provides forgiveness for your first claim, preventing your home insurance premium from increasing as a result of this claim.
Earthquake
Offers coverage for damage caused by an earthquake, which is not typically covered under standard home insurance policies.
Guaranteed Replacement Cost
Ensures your home is rebuilt to its original state after a loss.
Identity Theft
Covers expenses related to restoring your identity and credit if you become a victim of identity theft.
Overland Water
Protects against damage from water flowing above ground and entering your home, such as from heavy rains or melting snow.
Rental Income
Provides coverage for lost rental income if a rented part of your home becomes uninhabitable due to a covered peril.
Scheduled Items
Offers coverage for specific, high-value items like jewelry, art, bicycles and other specialty items. It must be listed on the policy.
Service Line
Covers the cost of repairing or replacing damaged underground service lines, like water or power, for which you are responsible.
Sewer Backup
Provides protection against damage caused by the backing up or overflow of sewers, drains, or sump pumps.
Single Limit
Offers a combined total coverage amount for your dwelling, personal property, and additional living expenses, allowing flexibility in how you use your coverage after a loss.
Umbrella Liability
Extends liability coverage beyond the limits of your standard policy, offering additional protection in case of major claims or lawsuits.
Please note, the availability of the above coverages can vary depending on the property and applicant. Its essential to consult with a licensed Home Insurance Broker to determine which additional coverages are necessary or desirable for your home’s unique needs
How Home Insurance Quotes Are Determined
Applicant Details
Information such as age, employment
Coverages You Choose
Type of home coverage you choose heavily influence your home insurance premium.
Discounts You Qualify For
Many home insurance companies offer various discounts that can lower your premium.
Insurance History
Your previous history with home insurance, including any claims you've made can impact your rates.
Property, Location, Age
The location of your home as well as its age or the age of any updates such as roof, plumbing, electrical and heating all influence the premium.
Your Credit Score
Many Ontario home insurance companies use credit scores to assess risk. A higher credit score can lead to lower cost of home insurance.
Ways You Can Save on Ontario Home Insurance
Alarm
Discounts for homes equipped with monitored security alarms equipment for burglary, smoke and fire can result in reduction of your home insurance cost
Car Insurance and Home
Savings are offered when you bundle home insurance with car insurance through the same provider. Savings can be significant
Claims Free
If you haven't filed any insurance claims for a certain period, insurers may offer a discount.
Group
Some insurance companies may offer a discounted rate for member of certain groups, organizations or alumni of certain universities and colleges
Mortgage Free
Homeowners who have paid off their mortgage and do not have a line of credit on the property can often receive discounts on their home insurance.
Multi-Location
If you insure more than one property with the same company such as a primary residence, cottage or rental property can help bring down the price for each property.
New Home
Some insurers may offer discounts on homes that are newly built.
Non-Smoking Discount
Non-smokers may receive a discount on their home insurance. Another reason to quit!
Renewal Loyalty
Insurers often reward loyalty with discounts for customers who consistently renew their policies each year. Additionally, Some insurers provide significant discounts to new customers who have demonstrated loyalty to their previous insurer.
Water Damage Mitigation
Some insurers offer discounts for homes with systems designed to prevent water damage such as sump pumps, water sensors or back water valves
Tips for Home Maintenance in Ontario
Keep the Outside, Outside
Make sure your roof is in good repair at all times and your basement is dry. Things like extending the downspouts away from your home, cleaning the eaves every season will do a lot to prevent moisture & water entering your home.
Maintain the HVAC
With Ontario’s cold winters and hot summers, you want to make sure that you regularly change furnace filters, and check your system for leaks and is running before you need to use them.
Tree Maintenance
Regularly trim trees and shrubs especially those close to your house. Overgrown vegetation or dangerous trees can damage property and cause injury.
Did you Know About Ontario?
Ontario, Canada's most populous province, is a collage of diverse regions, each with its own character and architectural styles. Understanding the intricacies of home insurance in Ontario is essential, as needs can vary significantly across different areas. From bustling cities to serene rural areas, let’s explore the province's various regions, considering the types of properties and the implications for home insurance.
Southern Ontario: Urban and Suburban Mix
Urban Areas
In cities like Toronto, you'll find a blend of modern high-rise condominiums and historic Victorian-style homes. The downtown areas are dominated by glass and steel structures, offering apartments and penthouses with contemporary designs.
Suburban Areas
The suburbs are characterized by detached single-family homes, often with two stories, spacious yards, and attached garages. These homes typically feature modern or post-war architectural styles.
Eastern and Central Ontario: Historic Charm and Natural Beauty
Historic Towns
This region is known for its well-preserved Victorian and Edwardian houses, often featuring intricate woodwork and large porches. Brick and stone are common materials, reflecting the area's history.
Rural Areas
In the more rural parts, you'll find farmhouses and cottages, often with large plots of land, surrounded by natural landscapes like forests and lakes.
Southwestern Ontario: Industrial Roots and Residential Growth
Industrial Cities
In cities with industrial histories, such as Windsor and Hamilton, there's a mix of older, post-industrial housing, including workers' cottages and mid-century bungalows.
New Developments
The region also sees new suburban developments, with modern, spacious homes, often in neo-eclectic styles, reflecting the area's growth and diversification.
Northern Ontario: Remote and Rugged Landscapes
Rural and Remote Homes
Housing in Northern Ontario is adapted to the rugged landscape and harsher climate. You'll find log cabins, A-frame houses, modest and sturdy homes as well as ultra-luxury cottages.
Small Communities
In small towns, there's a mix of older, traditional homes and newer, more modest structures, often with practical designs to withstand the northern weather.
Niagara Region and the Golden Horseshoe
Niagara Region
Known for its vineyards and tourist attractions, housing here includes charming bed and breakfasts, historic homes, and modern developments, particularly in areas like Niagara Falls and St. Catharines.
Golden Horseshoe
This densely populated region around Lake Ontario is known for its suburban sprawl, with a mix of townhouses, detached homes, and new high-rise condos, reflecting its role as a major economic hub.
Each of these regions in Ontario exhibits a unique blend of housing styles, influenced by their history, geography, and economic development.
FAQ
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What is the average house insurance cost in Ontario?
The average cost of home insurance in Ontario can vary widely depending on various factors including the location of the property, its size and age, the value of the home and contents, the type of coverage selected and the homeowner’s insurance history.
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Is Home insurance mandatory in Ontario?
Home insurance is not legally mandatory in Ontario for homeowners. However, if you have a mortgage, your lender will typically require you to have home insurance to protect the investment. Even without a mortgage, home insurance is highly recommended as it provides financial protection against a range of potential risks and damages not only to the physical property but also your legal liability.
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What does Ontario house insurance cover?
Standard home insurance policies in Ontario typically cover
Dwelling CoverageProtects against damage to the structure of the home due to perils like fire, wind, or hail.
Personal PropertyCovers loss or damage to personal belongings inside the home.
Additional Living ExpensesProvides for living expenses if your home is uninhabitable due to a covered loss.
Liability ProtectionOffers coverage if someone is injured on your property or if you cause damage to someone else’s property.
It’s important to note that homeowners insurance policies vary, and certain risks, like floods or earthquakes, may require additional coverage. Always review the specifics of your policy to understand what is and isn’t covered.
Ontario Car Insurance by City
Other Types of Ontario Home Insurance or Property Insurance You May Be Searching for In Ontario
Ontario Rental Property Insurance
This is a policy designed to protect your property when you rent it out. Whether you rent out your property to a family, students or individuals – Humberview Insurance will help get the landlord insurance you require. These policies may be written on a personal or commercial form. In some cases they can be standalone policies. Get a quote on Ontario rental property insurance and speak with one our brokers.
In The Estate of Home Insurance in Ontario
In the delicate circumstance where a home forms part of an estate after a homeowners passing, it becomes imperative for the executor to safeguard the property. Whether the property is occupied by family, rented or becomes vacant - securing the appropriate property in the estate insurance coverage is essential. Our brokers work with the executors through the intricacies of finding protection tailored to properties in an estate.
Vacant Home Insurance in Ontario
Vacant home insurance is specifically tailored for properties that are unoccupied. Whether your home is awaiting sale, undergoing minor renovations, or you’re in between tenants, Humberview Insurance can provide the necessary coverage. Typically, these policies come with more restricted coverages, often excluding water damage among other limitations. It's essential to understand the nuances of this insurance type, as the needs of a vacant property differ significantly from an occupied one. We recommend speaking with one of our brokers to explore your options and ensure your vacant property is adequately protected. Get a quote on vacant home insurance to start the conversation.
Cottage Insurance and Secondary Home Insurance Across Ontario
In the diverse and picturesque landscapes of Ontario, owning a seasonal cottage or a secondary home is a cherished investment for many. Humberview Insurance offers cottage insurance policies tailored to these unique properties across the province. Our coverage is thoughtfully designed to address the specific needs of seasonal cottages and secondary homes, acknowledging the different usage patterns and risks they present compared to primary residences. Whether your Ontario property serves as a family retreat in Muskoka, a seasonal rental along the shores of Lake Erie, or a weekend escape in the Thousand Islands region, it's crucial to have insurance that reflects its distinctive role. Our solutions encompass a variety of risks, including weather-related damages, theft, and liability issues. We understand the unique environmental and seasonal variations across Ontario, from the rugged beauty of the Canadian Shield to the serene lakeside settings of the Kawarthas. Our policies are designed to safeguard your tranquil getaway or secondary home throughout the changing seasons. We encourage property owners province-wide to consult with our expert brokers to find the most suitable insurance options.
Resources
Difference Between Home Insurance & Rental Property Insurance
City of Toronto Approves Implementation of Vacant Home Tax
10 Tips to Protect Your Home from Water Damage
10 Things You Should Be Prepared for Becoming a Landlord or Homeowner
Why an Airbnb Host Needs Home Sharing Insurance
