Home Insurance

What is homeowners insurance?

Homeowners insurance provides coverage for your home, garage, shed, other out-buildings, and your personal property. It may also provide financial protection or liability coverage in case you unintentionally injure someone or damage someone’s property.

Why do I need homeowners insurance?

Likely the largest single investment you will make will be the purchase of your home. Making sure you have the right insurance will help give you peace of mind that your investment is protected!

Homeowner policies with Canadian Direct Insurance are provided on a Guaranteed Replacement Cost basis. This means that in the event of an insured loss your home will be repaired or rebuilt regardless of cost.

While your home is being repaired your policy will provide you with Additional Living Expenses to cover the cost of temporary accommodation while your claim is being settled.

Every Canadian Direct Insurance Homeowners package also includes Liability coverage to protect you if you accidentally injure someone or cause property damage. Our Liability Insurance covers you anywhere in the world! We will also defend lawsuits brought against you alleging negligence on your part.

Your mortgage company may require you to have homeowners insurance.

Note: Your coverage for any claim will be governed only by the policy wording itself and not by this webpage.

Key Benefits of the Canadian Direct Insurance Comprehensive Homeowners Insurance Policy

Comprehensive Policy Canadian Direct Insurance offers a comprehensive policy that covers your dwelling and property for most common types of losses unless they are specifically excluded.
Replacement Cost - Contents Canadian Direct Insurance will pay to replace the contents of your home on a Replacement Cost basis, without deduction for depreciation.
Guaranteed Replacement Cost Canadian Direct Insurance will pay to make sure your home is rebuilt to its original specifications even if the cost to rebuild is greater than the value of the home shown on your Declaration Page.
Additional Living Expenses Canadian Direct Insurance will pay for additional living expenses if you are forced to temporarily leave your home, up to 30% of the limit of your dwelling coverage.
Liability Coverage Canadian Direct Insurance offers up to $2 Million in liability coverage.
Off Premise Coverage - Contents We insure your personal property while temporarily away from your premises for up to 180 days to a limit of $5000. Personal property of students who are temporarily away attending college or university is included up to the limit of your personal property coverage.
Bylaws Coverage Canadian Direct Insurance covers additional costs necessary to bring your home up to current building standards in the event of a loss. The limit is $10,000, but higher limits can be purchased at an additional cost.

Note: Your coverage for any claim will be governed only by the policy wording itself and not by this webpage.

Some Limits in our Comprehensive Policy: 

Type of Property Limit
Bicycles $2,000
Business Books & Tools (on premises only) $7,500
Collectible Coins (theft and disappearance) $1,000
Manuscripts, Collectible Stamps (theft and disappearance) $2,000
Personal Computer Records $5,000
Collectible Cards, Comic Collections (theft and disappearance) $7,500
Jewellery, Watches, Furs (theft and disappearance) $7,500
Watercraft* (see Additional Coverages) $4,000

Note: Your coverage for any claim will be governed only by the policy wording itself and not by this webpage.

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