How does home insurance work in Ontario?

A standard home insurance policy is like a security blanket for Ontario homeowners. And it’s more important than ever. Climate change, inflation, and increased repair costs are the new norm. Significant weather events and other threats are on the rise. In the last decade alone, more than a billion dollars of damage has occurred to homes in the province alone.

The good thing is getting home insurance has never been easier. How it works is simple. It’s just like any other insurance product. You purchase a policy in exchange for financial security against unforeseen events (fire, water damage, theft, vandalism, and more).

Even though home insurance is not legally required in Ontario, it’s highly recommended. You have safeguards for your dwelling, personal items, and belongings if they are damaged or you suffer a loss. You also have liability protection.

With ThinkInsure you can compare home insurance quotes and coverage from the top providers in Ontario. We'll make sure your home is protected properly with a policy that is personalized just for you. You can check rates online or call us a speak with a home insurance expert. Keep reading to learn more about home insurance coverage in Ontario and how to save on your premiums.