Comprehensive Homeowners Policy Canada 

Comprehensive Homeowners Policy Canada is the best kind of Home Owner Insurance Policy. It is also known as All Risk home insurance because “all risks” are insured unless they are specifically excluded in the policy.

You can read about the other types of Home Owners Insurance policies.

Risks that are included

Everything that’s not specifically excluded is covered to the limits set out in the policy!

The Most Common Exclusions

  • Sewer Back up (it may be added as a rider)
  • Water damage caused by seepage, leakage or flood
  • Earthquake (a rider is available)
  • Wear and tear, mechanical breakdown
  • Damage caused by rodents
  • fungi or spores
  • Rust or corrosion
  • Unreported vacancy of residence
  • Business or farming operations on premises (a Home Business Insurance rider is required)
  • Damage occurring during renovations
  • Intentional or criminal actos of the insured
  • Nuclear Accident
  • Theft by a tenant
  • War or act of a foreign enemy

Additional Common Coverage

  • Personal Property - see Home Contents Insurance
  • Detached structures
  • Additional Living Expenses
  • Personal Property in transit
  • Bylaw extension
  • Identity Theft (varies greatly by policy)
  • Mass Evacuation
  • Inflation Protection
  • Fire Department Charges
  • Loss due to change in temperature

It is impossible to list all coverage’s, exclusions, limitations and other features of a Comprehensive Homeowners Policy in Canada in a simplified explanation like this. But this should help you get a better idea of what is commonly covered!

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

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