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Home insurance

Do I need extra coverage for valuables?

Depending on the what the high valued item is, we might be able to increase your coverage with some additional documents. Call us at 1 844-472-7905 to speak with a broker.

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Do I need insurance if I rent?

It’s not mandatory, but many landlords require that you have it.

Having tenant’s insurance can cover your personal property if it’s damaged or stolen. Even if your landlord has home insurance, their coverage won’t extend to your stuff, which means that if your apartment gets flooded and your electronics and furniture are damaged, you’re on your own.

Tenant’s insurance also covers living expenses if something happens to your place and you can’t live in it until it’s repaired, and it’ll cover you for liabilities.

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Why should I get home insurance?

Home insurance helps you safeguard the investment you’ve made in your home, whether you own or rent. If something ever happens to it, or your belongings, home insurance can cover the cost to get your life back on track.

Home insurance isn’t mandatory in Ontario, but most financial institutions require that you have it before you can get a mortgage. Some landlords also require that tenants show proof of home insurance before providing a lease.

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Why do I need liability coverage in my home insurance?

If you get sued (knock on wood), claims can easily exceed millions of dollars in expenses – that’s where liability coverage comes in. It will reduce the risk of having to pay out of pocket.

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What other coverages do you offer?

Onlia insurance will work with you each step of the way. Whether you’re online or working with a broker, we use your postal code and our insurance-to-value estimator to consider many factors about your property, including its construction, size, and location. We also consider other factors, like if you have a pool, finished basement or business activities on your property.

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What do the coverage percentages mean?

 Believe it or not, the selling price of your home isn’t really related to its insurance value. Your insurance policy doesn’t factor in the cost of the land your home is built on, but rather it’s designed to cover the costs associated with rebuilding your home after a major or total loss (like a fire). In addition to reconstruction costs, your insurance policy covers the teardown, removal, and disposal of debris. If your home is older, the builders may incur extra costs bringing the rebuilt structure up to current building codes.

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What is guaranteed replacement cost?

Guaranteed replacement cost coverage means that we will cover the building replacement cost, even if it exceeds your policy’s limits.

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What does “all perils” mean?

A peril is an event or circumstance that causes or may cause a loss.

An insurance policy that covers “all perils” would cover all events that may cause a loss, except for those specifically excluded from your policy.

To find your policy exclusions, view your policy in your account, navigate to Risks and Policies, and select the policy document you wish to view.

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What coverage do I get with Onlia home insurance?

With your Onlia secondary or seasonal home policy, you’ll get premium coverages and features, including:

• Home and Detached Structures - This covers your home or any other structures on your property that get damaged.
• Personal Property - Your valuables will be covered if they’re stolen or damaged in your home, or anywhere else.
• Personal Liability - This includes legal protection if someone is injured on your property, or if their property is damaged. It’ll also cover anyone in your household that’s affected.
• Home Improvements - We’ll cover any improvements you make to your home, like an upgraded kitchen.
• Home Sharing - You’ll be covered if you rent out your home – or a part of it – on a short-term basis.
• Guaranteed Replacement Cost - We’ll pay to repair or rebuild your home, even if it exceeds your policy's limits.
• Inflation Protection - We’ll increase the limits of insurance to match the rate of inflation.

Additional living expenses, identity theft, and legal assistance are not covered under the secondary or seasonal home policy.

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Can I increase my coverage for high-value items?

No, sorry. Your personal property coverage for secondary/seasonal homes includes a maximum of $2,500, per item category. It's currently not possible to increase the coverage per high-value item.

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Do you offer earthquake coverage?

Some of our carriers can provide an optional earthquake coverage. Contact us to confirm if you have this coverage, or if you'd like to purchase it.

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How do I customize my coverages?

Sign into your account, and navigate to the Change Requests tab. Select the type of policy you want to manage (auto or home), then select "Manage my coverage".

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Do you provide coverage for wind/hail storms?

We provide coverage for your home for windstorms or hail, including loss or damage caused by the weight of ice, snow, or sleet.

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Do I need to inform my insurance if I own a pet?

For your basic, garden-variety dog or cat, generally no, although we may want to know what kind of dog it is. However, if you have any exotic pets or farm animals, or you’re operating a home-based business, then we need to know. Animals are great, but they can pose a risk to your home or business. Not sure about your furry friend? Call us at 1 844-472-7905.

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How do I customize my coverages?

Sign into your account and navigate to the Change Requests tab. From there, select Home and then Manage My Coverage.

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How much coverage do I need as a tenant?

The evaluation for tenants coverage is based on the value of all your contents up to $200,000. A single policy covers the replacement cost for Personal Property (contents) and Tenant Improvements and Betterments. Contents insurance covers the cost to repair or replace clothes and most household items. Even if you think your belongings have little value, the cost of replacing everything at once adds up.

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