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Home insurance, clarified
Why do you need home insurance?
Home insurance isn’t mandatory in Ontario, but most institutions require you to have it before you get a mortgage. Home insurance helps you protect the investment in your home, your personal belongings and provides liability coverage.
What does home insurance cover?
There are various types of damage to your home that you can find coverage for, including damage due to frozen pipes, fire and smoke, as well as loss due to theft or break-ins.
The structure of your home, its contents, alternate accommodations if it becomes unliveable, and Personal Liability coverage are included in many home insurance policies. Learn more about home insurance coverage.
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