What's covered under home insurance?
These are just some of the items covered under home, tenant and condominium unit insurance.
Consult your local Co-operators financial representative for more information. Coverage limits and items are different in Quebec. See our Quebec home insurance section for more details.
| Coverage | Classic | Prestige |
|---|---|---|
| Perils covered | Fire, lightning, explosion, falling objects, impact by aircraft or land vehicle, riot, water, smoke, windstorm, hail, vandalism, theft, transportation of personal property, electricity, accidental glass breakage and collapse due to weight of snow, ice or sleet |
All perils covered under Classic, plus more. For example, unintentional damage such as paint spilled on a carpet. |
| Liability coverage | Up to $3 million. Increased limits may be available. |
|
| Dwelling Home only |
Replacement value up to insurance limit |
|
| Detached structures Home only |
Additional 15% of dwelling limit |
|
| Identity fraud | Identity Fraud Recovery Expenses - up to $10,000. |
|
| Personal property | The standard is to insure to Replacement Cost. | The standard is to insure to Replacement Cost. |
| Personal property moving coverage | 30 days or until end of policy term, whichever occurs first |
|
| Dishonesty of others |
$5,000 limit for Credit/Debit Card, Cheque Forgery and Counterfeit Currency No deductible applies to this coverage |
$6,000 limit for Credit/Debit Card, Cheque Forgery and Counterfeit Currency No deductible applies to this coverage |
| Dwelling lock replacement or re-keying |
$1,000 limit No deductible |
$1,000 limit No deductible |
| Vehicle lock replacement or re-keying |
$1,000 limit No deductible |
$1,000 limit No deductible |
| Student property | 20% of personal property limit |
Coverage up to personal property limit |
| Family member's property in health care facility | $10,000 limit | $10,000 limit |
| Money and cash cards | $500 limit | $800 limit |
| Securities | $3,000 limit | $7,000 limit |
| Business books, tools while on premises | $2,000 limit | $5,000 limit |
| Jewellery, gems, watches & furs | $6,000 total with $4,000 per item limit | $6,000 total with $4,000 per item limit |
| Stamp collections and manuscripts | $3,000 limit | $3,000 limit |
| Coin and money collections | $3,000 limit | $3,000 limit |
| Collections | $3,000 limit collectible cards $2,000 limit other collections |
$3,000 limit collectible cards $6,000 limit other collections |
| Bicycles | $2,000 limit each | $4,000 limit each |
| Watercraft and equipment | $2,000 limit | $4,000 limit |
| Outdoor trees, plants, shrubs | Depending on Coverage – 5 or 10% of building or personal property limit with a maximum of $500 or $1,000 per tree. | |
| Debris removal | Up to personal property limit for condo and tenant insurance plus additional 10% if needed. Up to dwelling limit for home insurance plus additional 10% if needed. |
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