Protecting your investment and everything in it is one of the most important things you can do as a homeowner, and the right insurance policy is where that starts.
We work with new home buyers daily, understand how the mortgage industry works, and can create a plan to satisfy the insurance-related qualifications.
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When you’re buying a home, it’s easy to get caught up in the excitement.
But don’t forget to look closely at what your homeowners’ insurance actually covers—and what it doesn’t.
The last thing you want is to file a claim and realize a key item isn’t covered.
And remember: the cheapest policy isn’t always the best one.
Have a backyard pool? A home-based business? Concerns about sewer backup?
We’ll make sure those special needs are considered too.
At InsureLine, we’ll walk you through everything—so you know exactly what you’re getting.
No confusion, no surprises.
Always read your policy carefully, and don’t be afraid to ask questions.
That’s what we’re here for.
Talk to your InsureLine advisor today—and feel confident in your coverage. We're 100% Canadian. We’re local. And we've got you covered.
Damage from water entering your home from outside, overflowing rivers, heavy rainfall, or melting snow - isn't covered under a standard policy. With severe weather on the rise across Canada, overland flood coverage is worth serious consideration wherever you live.
Your luggage and personal belongings can go missing or get stolen at any point during your trip. A travel policy keeps you covered so you're not left replacing everything out of pocket.
One of the most common and costly claims in Canada, and one that a standard policy won't cover. The good news is that sewer backup coverage is one of the most affordable add-ons available, and most brokers will recommend it without hesitation.
Not covered under standard policies in most provinces. If you're in a higher-risk area like BC, separate earthquake coverage is worth asking about — otherwise you might be on shaky ground. (Sorry, we had to.)
Damage from neglect or gradual deterioration — leaking roofs, pest infestations, ongoing moisture issues — is generally excluded. Home insurance is designed for sudden and accidental losses, not problems that build up over time.
Standard policies have sub-limits on jewellery, fine art, collectibles, and instruments — yes, including expensive hockey cards. If specific items exceed those limits, a scheduled items endorsement makes sure they're covered for their actual value.
Working from home? A standard policy typically won't cover your business equipment or any liability that comes with running a business on the property. If this applies to you, it's worth a conversation with your broker about a home-based business insurance policy.
The pipes and utility lines running from your home to the street are your responsibility, and fixing them can be expensive. Service line coverage protects against damage from things like tree root intrusion or ground shifting, something most homeowners don't think about until they're already dealing with it.
Actual cash value pays you what your damaged or lost item was worth at the time of the claim, after depreciation. So a five-year-old appliance gets valued at five-year-old prices, not what it costs to replace today.
Replacement cost coverage pays you what it actually costs to repair or replace the item with something of similar quality at current prices — no depreciation applied.
For the building itself, this is especially important. Construction costs in Canada have risen significantly in recent years, and a policy based on outdated replacement values could leave you well short of what a rebuild would actually cost. An InsureLine broker can help make sure your dwelling coverage reflects what it would genuinely cost to rebuild your home today.
For homeowners, this means two things: the risk is real, and standard coverage may not be enough.
If you live in an area prone to wildfire, flooding, or severe storms, it's worth having a detailed conversation about what your policy does and doesn't cover. And what add-ons make sense for where you are. InsureLine brokers know the local risk landscape and can help ensure your coverage keeps up with it.
Planning a major renovation? It's worth a conversation with your broker before the work starts.
Significant upgrades — a new kitchen, a finished basement, an addition — can increase the replacement value of your home, which means your existing coverage limits may no longer be adequate. Some renovation work can also affect your coverage during the build itself, depending on the project scope and whether contractors are on site.
A quick call to your InsureLine broker before you break ground can save you from a coverage gap you didn't know you had.
A standard home insurance policy in Canada is built around four core areas of protection:
Dwelling coverage: Covers the physical structure of your home: the walls, roof, foundation, and built-in fixtures. If it’s damaged by an insured event, such as fire, wind, hail, or vandalism.
Contents coverage: Protect your personal belongings inside the home: furniture, electronics, clothing, appliances, and yes, your hockey card collection.
Personal liability: If someone is injured on your property or you accidentally cause damage to someone else's property, liability coverage protects you from the legal and financial consequences. This applies both at home and, in many cases, elsewhere.
Additional living expenses: If your home becomes unlivable due to an insured loss: fire, major flood, or other covered event, this coverage helps pay for temporary accommodation and related costs while repairs are underway. And it's the kind of thing you absolutely want to think about well before you’d ever need it.
Come for the savings, stay for the questionable insurance jokes
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