Cheap Comprehensive Home Insurance Quotes in Canada

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What is comprehensive home insurance?

There are three tiers of home insurance: basic (or 'named perils'), broad, and comprehensive.

Comprehensive (also known as 'all-risk') home insurance is the most robust of the three. It covers your home, both the structure and the interior contents, against all insurable events, which are:

There are three tiers of home insurance: basic (or 'named perils'), broad, and comprehensive.

Comprehensive (also known as 'all-risk') home insurance is the most robust of the three. It covers your home, both the structure and the interior contents, against all insurable events. These events are referred to as ‘perils’ in insurance lingo. They are expected and unavoidable events that result in damage and loss.

Examples of perils that insurance will cover are:

  • Theft
  • Vandalism
  • Some forms of water damage (burst pipes, malfunctioning appliances, broken water mains, and, under some circumstances, leaky roofs)
  • Fire and smoke damage
  • Wind and hail
  • Damage from a vehicle or an aircraft
  • Falling objects
  • Snow or ice


Comparing named perils, broad, and comprehensive home insurance 

The chart below shows that both broad and comprehensive coverage are relatively similar. However, one significant difference is the protection of the contents of your home. While broad coverage protects your physical home, it does not cover the contents within against all types of perils — something comprehensive coverage does include.

While comprehensive insurance tends to be about 10% more expensive than a broad policy (rates vary by location), it's likely less than what you'd pay to replace damaged or lost items. This is especially true if you have expensive items in your home. You can add extra insurance to a comprehensive policy to fill any remaining gaps in your coverage.


Peril typeNamed perils insuranceBroad form insuranceComprehensive insurance
FireUsually, but some types of fire damage may not be covered; varies by insurerYesYes
Water damageUsually, but some types of water damage may not be covered; varies by insurerYesYes
ContentsYes, but only against a limited number of perils; you may need to specify which ones you want coveredYes, but only against perils you specifyYes
Additional living expensesYes, but limits and conditions will vary by insurerYesYes
Personal liabilityYesYesYes
Voluntary medical paymentsYesYesYes
Voluntary property damageYesYesYes

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What’s not covered by comprehensive coverage?

Despite its name, comprehensive home insurance only covers some perils. Here's which perils are excluded by insurance.


  1. Flooding: Some types of flooding aren't covered, including backup from storm drains, septic tanks or sewers, and overflow from a sump pump. However, coverage may be available in your area for an extra charge. People living in low-lying areas, susceptible to flooding, melting snow, or river overflows, may consider this add-on, too.
  2. Earthquakes: Also not covered in a typical comprehensive home insurance policy is earthquake damage. It may not be available in your province. It is more common on the West Coast of Canada.
  3. General wear and tear: Over time, parts of your home, like your roof or pipes, may fail. This would fall under things that you are responsible for maintaining.
  4. Mould: Regular maintenance can ward off mould in your home. Hence, insurance companies consider removing mould as your responsibility.
  5. Frozen pipes: Your company may not cover a frozen pipe that bursts if they determine it happened due to your negligence. This is also a known issue that would occur every year. It is up to the homeowner to maintain their home systems properly to prevent problems like these.
  6. Bugs and critters: Try to keep them from chewing your wires or doing damage because comprehensive coverage won't cover the damage.

How much does comprehensive home insurance coverage cost?

Comprehensive insurance costs approximately 5% to 10% more annually than a broad insurance policy, but it depends on where your home is located and what it would cost to rebuild. In extreme scenarios, comprehensive insurance can be as much as 30% more expensive. A home insurance calculator can help you estimate your costs.


Other coverages you can add to a comprehensive policy

Because comprehensive coverage requires some endorsements or add-ons to be fully covered, homeowners should consider the following optional policy coverages:


  • Sewer backup – Even the most comprehensive home insurance policies will not cover damages from sewer backups. You definitely should consider if you live in an area prone to flooding.
  • Overland water – Another area that comprehensive home insurance does not cover automatically is overland water. Overland water insurance is important for people who live near bodies of water or even urban centres where storm sewers are prone to overflow.
  • Earthquakes — Insurance will provide limited reimbursement for damage to your home or its contents. This can help if your foundation gets cracked, your roof is damaged, or the contents within your home are broken or damaged.

Frequently asked questions about comprehensive home insurance

s there a deductible for comprehensive home insurance coverage?

If you make a claim against your comprehensive insurance, you will likely have to pay a deductible. A deductible is an amount you must contribute to the claim before your insurance will pay a settlement. Your policy will outline your deductible— a range of between $500 and $2,500 is typical. If you can manage it, volunteering to raise your deductible will result in a lower premium.

How do I know comprehensive home insurance is right for me?

A comprehensive home insurance plan makes sense for most homeowners. It covers the widest array of possible claim events and generally costs 10% more than broad coverage. The claims experience is also typically better. For example, homeowners with a named/specified perils policy must prove to their insurance company that a peril named by the policy caused the damage. With comprehensive insurance, insurance companies shoulder the burden of proof; comprehensive insurance assumes everything eligible for insurance is insured.