Although home insurance is not mandatory by law in Canada, it is sometimes required by the lender in order to receive or renew a mortgage. Most importantly, having home insurance protects you from having to pay out a large amount in a lump sum in the event of loss or damage. If you’re looking to get insured, you should review different insurers for home insurance quotes. (Learn more about how to compare home insurance).
Get personalized quotes from Canada’s top home insurance providers.Home insuranceRenters insuranceCondo insuranceYou will be leaving MoneySense. Just close the tab to return.
How much is home insurance?
The average cost of home insurance in Canada is $960 annually, according to Ratehub, an aggregator website (owned by Ratehub Inc…