Home insurance coverages
Home insurance helps you safeguard the investment you’ve made in your home, whether you own or rent. If something ever happens to it, or your belongings, home insurance can cover the cost to get your life back on track.
Home insurance isn’t mandatory in Ontario, but most financial institutions require that you have it before you can get a mortgage. Some landlords also require that tenants show proof of home insurance before providing a lease.
Customize your coverages
If you're new to Onlia, you can customize your coverages while getting a quote. It's easy.
Personal Property coverage is based on the estimated total value of your home. The percentage you select (25%, 50%, or 75%) reflects the amount of coverage you have relative to your home’s estimated value. For example, if your home is valued at $500,000, and you choose 50% coverage, then you would have a maximum of $250,000 in coverage for your belongings if they’re damaged or stolen.
High-Value Items coverage includes a maximum of $10,000 across all item categories such as jewellery, sporting equipment, fine art and more. If you want to protect items that exceed that amount, you can always increase your coverage in My Account.
Guaranteed Replacement Cost means that we will cover the full cost of replacing your home, even if it exceeds your policy’s limits.
In addition to the coverages that come standard in all our home policies, you can also choose from optional
Flood and Sewer Backup
Damage caused by flooding, torrential downpour, and backed-up sewers is covered up to your policy limits.
Years Claims Free Protector
If you’ve been claims-free for 6 years and have been with Onlia for at least 3, your years claims-free discount will still apply even if you make a claim with us.
You’ll get access to legal advice with your policy.
Your coverage will still apply if you choose to rent your home, or a part of it, on a short-term basis.
If you get sued (knock on wood), claims can easily exceed millions of dollars in expenses – that’s where liability
coverage comes in. It will reduce the risk of having to pay out of pocket.