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Home Insurance 101

Home Insurance 101

Home ownership is one of the biggest financial investments most people will ever make if not the biggest. That's why it's important to protect your investment with an Ensurco home insurance policy. In the event of a claim, home insurance helps minimize the financial impact on you and your family. To say that it can make a stressful situation easier to deal with is a serious understatement. Unlike car insurance with its legislated wording, home insurance is not legally mandatory. This said, a bank will insist on home insurance as a condition of a loan. Either way however, given that home insurance is not mandatory, policies and coverage wording differs widely from company to company. For this reason, it’s important to deal with a broker that really understands coverage and options.

What does Home Insurance Cover?

Home insurance is generally divided into five different categories. Each part covers a different element of your home but collectively all parts contribute to your coverage limit. They include:
• Dwelling
• Detached Structures
• Home Contents
• Additional Living Expenses
• Legal Liability

Dwelling Coverage is specific to the construction of your home. Covered items include the main building foundation, flooring, doors, and windows. Detached Structures, as the name suggests, is for secondary structures on your property. The most common detached structure is a garages or shed. Home Contents coverage refers to most of your possessions including televisions, clothing, furniture, appliances, and home decor items. It's important to note that there may be limits on high-value items like fine art and jewelry. As such, you may want to itemize these separately and insure them separately by rider. Additional Living Expenses can include items such as hotels, restaurants, and storage. This coverage covers additional expenses you incur as a result of a claim. Finally, Legal Liability in the event that you or a named insured on your policy is sued for damages.  Property damage, bodily injury or otherwise.
It's also important to know what your home insurance policy does NOT cover. Most policies will not cover items like property taxes, mortgage payments or land damage. Some condo insurance policies may cover condo fees but usually not. You may also find that your policy does not cover earthquake or flood damage. When purchasing affordable home insurance, make sure you read your policy in detail.

How much does Home Insurance Cost?

Home insurance premiums vary from property to property because of limits, coverage type, deductible and the like.  At, we’d be happy to provide you with a fast, quick and easy no obligation quotation for your home insurance.  We think you’ll find our rates favorable.  A survey conducted in 2015 found that Ontario's homeowners on average paid $780 for home insurance a year. Homes under $300,000 in construction value paid $702. Homes between $300,000 and $699,999 paid $924.

How can I save on Home Insurance?

The best way to save on home insurance is to compare quotes and coverage from many insurers. This can be very confusing so leave it up to us.  At, we’ll be happy to provide you with a comparative quote. Other ways to save include:
• Bundling your home insurance with a car insurance policy
• Increasing the deductible on your policy
• Paying your premiums annually
• Review your discounts to make sure you’re getting the right ones
• Install home safety measures, such as home alarm and hardwired smoke and carbon monoxide detectors
• Allow us to pull a credit check for the purpose of applying the appropriate discount  
  • Rasoul K.

    What our clients say

    After talking to many different insurance companies, I spoke to Ensurco New Business Team. They returned my call quickly, provided the best rate and helped me set up a home insurance policy within an hour. Great service!

    Rasoul K.
  • Edward L.

    What our clients say

    I recently sent Ensurco an email requesting changes to my auto policy. I got a quick response. All the changes were completed in a timely manner and I received a detailed email with my billing schedule attached.

    Edward L.
  • Maria L.

    What our clients say

    Amazing staff to deal with. Very fast and efficient. My broker explained the difference between condo insurance and condo corporation insurance.  Thank you!

    Maria L.
  • Michelle B.

    What our clients say

    I was in a time crunch to get an auto application done on a Friday afternoon as I was picking up a new car. I called my customer service rep at Ensurco and she was able to get me a quote, provide an application and even send confirmation to my dealer with a liability slip. Keep up the good work.

    Michelle B.
  • Kelly S.

    What our clients say

    As a high risk driver, I was looking for a good rate as well as good coverage. I spoke to an Ensurco broker who helped me set up a 6 month policy so that I can eventually move to a regular market at less premium. You guys came through when no one else cared.  Thank you so much for your help. :)

    Kelly S.
  • Mark C.

    What our clients say

    When my son and I decided to travel to Calgary for a week, I called my broker at Ensurco who was able to provide me with great coverage at a really good price. I got my travel documents by email within 10 minutes. Exceptional timing!

    Mark C.
  • Don S.

    What our clients say

    Claims service! Most people dread talking to an insurance company or broker to report a claim. But I recently called my insurance broker at Ensurco about a possible water damage claim. He was able to guide me through the process.  The decision was mine as to whether or not I would proceed with the claim.  If so, he explained that he could connect me directly with the insurance company adjuster and resolve the issue. Great advice and great service.  Thanks Ensurco!

    Don S.


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