Home insurance guide + MORE Dec 26th

While insurance is usually a good idea to protect yourself, your liability and your assets, whether or not it’s required by law depends on what type it is. We break down the different types of insurance—like home, auto and life—and the rules for each.

Watch:Do you need Insurance?

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What is no-fault insurance? Why do you need it?Watch: What is tenant insurance?Why your home insurance rates are risingWhy is my landlord asking me to get tenant insurance?

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Vacant home insurance is one of those coverage options that most of us haven’t heard about. Imagine you have your own place, but during the pandemic, you’ve decided to live with your parents for a few months because you can all benefit from the company. Or maybe you’re a snowbird and are planning to escape the Canadian winter with an extended stay in Miami. In either scenario, you’ll be away from your home for more than 30 days.

You may have heard that if you leave your home empty for that long, your home insurance policy could be voided. Before you panic-call your insurer, let’s understand exactly what vacant home insurance is, what it covers and when you may need it. 

What is vacant home insurance?

Vacant home insurance protects a home that is vacant for more than 30 days. When no one is there to look after the property, there’s a higher risk of damage. This type of insurance is not a standard home owner policy—you may need to get additional coverage or a vacancy permit, depending on your insurer…

Our guide to home insurance is here to remove the confusion and help you understand what home insurance is, whether you need it, how much it costs, and what it does and doesn’t cover. We break it down in a way that will help you get the best coverage for your home, your valuables and your budget. In this handy guide, we will cover:

How home insurance works:

What is home insurance?How does home insurance work?What does home insurance cover?What doesn’t home insurance cover?What are the different types of home insurance?How do you calculate the value of your stuff?How much coverage do you need?How much does home insurance cost?How to save on home insuranceIs home insurance required by law in Canada?What factors affect the cost of home insurance?How do I tell if my home insurance settlement is fair?How to compare home insurance

Frequently asked questions about home insurance:

Is flooding covered by home insurance?Do I need flood insurance?Does home insurance cover fire damage?Does home insurance cover water leaks?Does home insurance cover tornado damage?Does home insurance cover earthquakes? Does home insurance cover personal injury?Does a fireplace increase home insurance?Can you cancel your home insurance policy at any time?Does home insurance cover mortgage payments?Do I need home insurance for renovations?Is home insurance mandatory for mortgages?

Get personalized quotes from Canada’s top home insurance providers…