Canadian Home and Auto Insurance: What You Need to Know

Coverage Basics

Home and auto insurance in Canada protect against loss, damage, and liability for your property and vehicle. A typical home policy covers structural damage, personal belongings, and liability for injuries on your premises. An auto policy covers bodily injury, property damage, collision, comprehensive, and uninsured‑motorist protection.

Common Exclusions

Both policies exclude certain risks. Home policies often omit flood, earthquake, and intentional damage. Auto policies typically exclude coverage for racing, commercial use, or driving under the influence.

Choosing the Right Coverage

Start by assessing risk exposure and local factors. In provinces with high flood risk, add a flood endorsement to a home policy. For auto coverage, consider your driving frequency, vehicle value, and local insurance rates.

Bundling Benefits

Many insurers offer discounts when bundling home and auto policies. Bundles can reduce premiums by 10–25% and simplify renewals.

How to Shop for a Policy

Compare quotes from multiple carriers, read the fine print, and verify the insurer's financial strength. Use a licensed broker or the insurer's online tools to customize coverage limits and deductibles.

Claims Process Overview

File a claim promptly, provide documentation, and cooperate with the adjuster. For home claims, take photos and keep receipts. For auto claims, submit police reports and repair estimates.