Home insurance in Ontario is a property policy that covers your dwelling, contents, personal liability and additional living expenses if your home becomes uninhabitable. The Insurance Lab compares quotes from 20+ insurers for houses, condos, rentals and high-value rebuild costs.
Overview
Home insurance in Ontario protects your most valuable asset, your home, from fires, storms, theft, and liability claims. The Insurance Lab compares policies from insurers like Intact, Aviva, Wawanesa, and Gore Mutual to find the right coverage for homeowners, condo owners, and renters across Ontario. We also help clients who've been declined by standard markets due to claims history, older homes, or unique property types. As a RIBO-licensed Ontario brokerage, we serve communities across the entire province.
Who Needs This Coverage?
- Homeowners in Ontario looking for competitive home insurance rates
- Condo unit owners needing condo insurance with unit improvements coverage
- Tenants and renters needing contents and liability protection
- Landlords with rental properties in Ontario requiring landlord insurance
- Owners of vacation, seasonal, or cottage properties in Ontario
- First-time homebuyers in the Greater Toronto Area needing mortgage insurance
Coverage Details
- Dwelling coverage for the structure of your home, replacement cost guaranteed
- Personal property / contents coverage for belongings inside your home
- Personal Liability protection (minimum $1M recommended)
- Additional Living Expenses (ALE) if your home is uninhabitable
- Sewer backup and overland water coverage, critical in Ontario
- Identity theft protection and home-based business coverage add-ons
Example Scenarios
Kitchen Fire Damages Ontario Home
Dwelling coverage pays for structural repairs while ALE covers your hotel and living costs during rebuilding.
Basement Flooded by Sewer Backup
Sewer backup coverage handles cleanup costs and replacement of damaged belongings, a common claim in Ontario.
Visitor Injured on Your Property
Personal liability coverage pays for medical bills and legal defense if someone is hurt at your home.
Theft of Personal Belongings
Contents coverage reimburses you for stolen electronics, jewelry, and other personal items up to your policy limit.
Why Choose The Insurance Lab?
- We compare home insurance rates from 15+ Ontario insurers for the best price
- Expertise with older homes, heritage properties, and unique builds
- Bundle home and auto insurance for multi-policy discounts in Ontario
- Coverage for sewer backup, overland water, and earthquake, tailored to Ontario risks
- RIBO-licensed Ontario brokers serving communities across the province
Basic vs Broad vs Comprehensive Homeowner Policies
| Coverage | Basic / Named Perils | Broad | Comprehensive |
|---|---|---|---|
| Dwelling damage | Named perils only (fire, theft, wind, etc.) | All-risk on building | All-risk on building |
| Contents damage | Named perils only | Named perils only | All-risk on contents |
| Water damage (sewer backup, overland) | Add-on only | Add-on only | Add-on, often included in premium tier |
| Replacement cost on contents | Optional | Typically included | Included with higher limits |
| Typical Ontario premium | $700 to $1,200 | $900 to $1,800 | $1,200 to $2,800 |
| Best for | Older homes, rentals, secondary properties | Most owner-occupied homes | New, high-value or higher-risk homes |
Frequently Asked Questions
How much does home insurance cost in Ontario?▼
Home insurance premiums in Ontario depend on your home's age, location, construction type, claims history, and the coverage level you choose. The Insurance Lab compares quotes from 15+ insurers to find you the best rate. Most Ontario homeowners pay between $800 and $2,500 per year.
Is sewer backup coverage included in Ontario home insurance?▼
Sewer backup coverage is typically an add-on in Ontario. Given the frequency of basement flooding across the province, The Insurance Lab strongly recommends adding sewer backup and overland water coverage to your policy.
Can I bundle home and auto insurance in Ontario?▼
Yes, bundling home and auto insurance is one of the best ways to save. The Insurance Lab can combine your policies with the same insurer for multi-policy discounts, often saving 10-15% on both premiums.