Home Policy Changes

  • Renovations are definitely one of the circumstances that require you to update your home insurance policy. We offer a builders risk endorsement to be added to your policy. Before construction starts, call us to review your renovation project and requirements for the best insurance solution.

    Also call us if you've done the following since last updating your policy:

    • Started a home-based business

    • Finished your basement or added a pool

    • Your home is vacant or unoccupied for a period of time

    • You’ve acquired some valuable belongings and would like to review your policy limits

    • Any of your renovations are valued at over $10,000 – this would require a new evaluation on the property to make sure it’s properly insured to value

  • We can insure your home if you participate in home-sharing networks, like AirBNB or Vrbo. Before you start your policy, please let your broker know how many days you will be participating in a home sharing network so we can ensure you are placed with the right company.

    If you’re renting out your home, the premium only covers the contents that you own and not what the tenant owns. Be sure to switch to our landlord insurance for longer term rentals. For primary homes the coverage is a percentage of the total value; for secondary or seasonal homes there’s a capped value amount.

  • Depending on the what the high valued item is, we might be able to increase your coverage with some additional documents. Call us at 1 844-472-7905 to speak with a broker.

  • You can add another homeowner to your policy when you're getting a home quote.

    If you already have a home policy, email us at support@onlia.ca, and we'll help you add a second homeowner.

    Note that any immediate family members that you live with are automatically covered under your policy.

  • This change won’t affect your premium.

    If the mortgage company is required to be listed on your insurance policy, you can update it in your account by navigating to Change Requests, selecting Home, and then Change Lender.

  • Log into your account and navigate to Change Requests, selecting Home, and then Change Lender. Follow the directions on screen from there.

  • Congratulations – you’re now mortgage free! 🎉

    You might qualify for a mortgage-free discount. Give us a shout, and we'll review your account.

  • Our policies are driven by insurance value and peril scoring. So, your premium depends on where you live and what you’re exposed to. For example, living in a high crime rate area will result in a higher premium on theft exposures.

    It also depends on what coverages are purchased; adding additional coverage endorsements like sewer/flood or at-risk valuables can increase the cost of your premium.