Protect Your Home With the Right Insurance
Your home is one of your biggest investments. Explore homeowners insurance options designed to help protect your property, belongings and finances when the unexpected happens.
Simple online process • Explore coverage options • Find protection that fits your needs
Home Insurance for What Matters Most
Homeowners insurance can provide important financial protection against covered damage to your home, personal belongings, liability claims and other unexpected losses.
The right policy depends on your property, location, coverage needs and the risks you want protection against.
Universal Life Insurance makes it easier to explore available home insurance options and find coverage suited to your circumstances.
What Does Homeowners Insurance Cover?
A standard homeowners insurance policy typically combines several types of protection. Exact coverage varies by insurer and policy.
Dwelling Coverage
Dwelling coverage helps pay to repair or rebuild the physical structure of your home following certain covered events, such as fire, wind or other insured damage.
Other Structures Coverage
This may help protect structures on your property that are separate from your home, such as garages, sheds, fences or certain other structures.
Personal Property Coverage
Personal property coverage can help replace or repair belongings such as furniture, clothing, electronics and other covered possessions after a covered loss.
Personal Liability Coverage
Liability protection may help cover certain legal costs, medical expenses or damages if you are held responsible for an injury or property damage involving another person.
Additional Living Expenses
If a covered loss makes your home temporarily uninhabitable, this coverage may help pay eligible additional expenses such as temporary accommodation and meals.
Medical Payments Coverage
Some policies include limited coverage for eligible medical expenses when a guest is injured on your property, regardless of fault.
Why Compare Home Insurance Quotes?
Home insurance premiums and coverage can vary significantly between insurers.
Comparing options can help you evaluate differences in:
- Premiums
- Deductibles
- Coverage limits
- Exclusions
- Optional endorsements
- Replacement cost provisions
- Liability protection
- Available discounts
Price matters, but the cheapest policy may not provide the level of protection your home requires.
What Affects the Cost of Home Insurance?
Homeowners insurance premiums can be influenced by several factors.
Your Location
Local weather risks, crime rates, construction costs, emergency services and other regional factors can affect insurance pricing.
Your Home’s Age and Construction
The age, size, construction materials and condition of your home may influence both the cost and availability of coverage.
Replacement Cost
Insurers consider how much it may cost to rebuild your home following a major covered loss.
Your Deductible
Choosing a higher deductible may reduce your premium, but it also means paying more out of pocket when making certain claims.
Your Coverage Limits
Higher limits and additional protection generally increase your premium while providing greater financial protection.
Safety and Security Features
Smoke detectors, security systems, updated electrical systems and other protective features may affect eligibility for certain discounts.
How Much Home Insurance Do You Need?
Your home insurance coverage should generally reflect the potential cost of rebuilding your property rather than simply its market value.
When reviewing your coverage, consider:
- The estimated cost to rebuild your home
- The value of your personal belongings
- Valuable possessions that may need additional coverage
- Your liability exposure
- Your preferred deductible
- Local weather and environmental risks
- Any requirements from your mortgage lender
Your insurance needs can change over time, particularly after renovations, major purchases or changes in construction costs.
Additional Home Insurance Coverage to Consider
A standard homeowners policy does not cover every possible risk.
Depending on your needs and location, you may want to explore additional coverage for:
Flood Insurance
Standard homeowners policies typically exclude flooding caused by rising external water, so separate flood coverage may be necessary.
Earthquake Coverage
Earthquake damage is commonly excluded from standard homeowners policies and may require separate coverage or an endorsement.
Valuable Personal Property
Jewellery, artwork, collectibles and other high-value belongings may require additional scheduled coverage.
Water Backup Coverage
Optional protection may be available for certain losses caused by backed-up drains, sewers or sump systems.
Increased Liability Protection
Homeowners who need higher liability limits may also consider additional protection such as an umbrella policy where available.
Identity Theft and Cyber Coverage
This option protects you against financial losses from online fraud, data breaches, and cyberattacks, while covering the costs to restore your stolen identity and recover compromised data.
Getting a Home Insurance Quote Is Simple
1. Tell Us About Your Property
Provide basic information about your home, location, construction and other property details.
2. Select Your Coverage Needs
Consider the amount of protection you need for your home, belongings and liability.
3. Explore Available Options
Review available homeowners insurance options and choose coverage that fits your needs and budget.
When Should You Compare Home Insurance?
It can be worth reviewing your homeowners insurance when:
- You buy a new home
- Your policy is approaching renewal
- Your premium increases
- You renovate or extend your home
- You make major home improvements
- You purchase expensive belongings
- Construction costs increase significantly
- Your household circumstances change
- You haven’t compared insurance options recently
Reviewing your policy periodically can help ensure your coverage still reflects your home and financial situation.
Protect Your Home and More
Home insurance may be only one part of your overall protection.
Explore additional coverage options for:
Life Insurance
Help provide financial protection for the people who depend on you.
Auto Insurance
Motorcycle Insurance
Find insurance options designed for motorcycles and riders.
Frequently Asked Questions about Home Insurance
Is homeowners insurance required?
Homeowners insurance is generally not required by law, but mortgage lenders typically require borrowers to maintain appropriate property insurance while the mortgage is outstanding.
What information do I need for a home insurance quote?
You may need information about your property address, home size, construction type, roof, age of the property, safety features, previous claims and the amount of coverage you need.
Does home insurance cover everything?
No. Homeowners policies contain exclusions, conditions and coverage limits. Flooding and earthquakes, for example, commonly require separate insurance or additional coverage.
What is a home insurance deductible?
A deductible is the amount you are responsible for paying toward certain covered losses before your insurance coverage applies.
Does home insurance cover personal belongings?
Most homeowners policies include personal property coverage, although limits and exclusions apply. Certain valuable belongings may require additional coverage.
Can I bundle home and auto insurance?
Many insurers offer multi-policy options or discounts to qualifying customers who purchase both home and auto insurance from the same insurer.
What is replacement cost coverage?
Replacement cost coverage generally refers to coverage based on the cost of repairing or replacing covered property without deducting for depreciation, subject to policy terms and limits.
Ready to Protect Your Home?
Explore homeowners insurance options designed to help protect your property, belongings and financial security.
Start with a quick online quote today.