Canada best life insurances in May 2024

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How much does home insurance in Canada cost?

In Canada, the average annual cost of home insurance $960. The type of home you live in, whether you rent or own, and many other factors can change this figure. Comparewise takes this into account when getting you the best home insurance deal.

How does home insurance work in Canada?

In Canada home insurance covers your home (the building), its contents (your stuff that's inside the home), and your personal liability. A comprehensive home insurance policy will cover all three.

What does home insurance cover?

Home insurance covers unexpected events or accidents such as fire, windstorms, and break-ins. Many insurance providers offer additional add-ons you can bundle with your policy for specific concerns.

Are you required to have home insurance?

Home insurance isn't required by law, but it's a wise choice to protect your home with both with a comprehensive home insurance policy. If you are renting or currently have a mortgage, your landlord or mortgage lender may require you to have home insurance.

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