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  • Home
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  • Products
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      • Personal Auto Insurance
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      • Auto Fleet Insurance
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      • Home Insurance
      • Mortgage Insurance
      • Condo Insurance
      • Revenue Property Insurance
      • Tenants/Renters Insurance
      • Building Owner’s Insurance
    • Travel Insurance
    • Health Benefits >
      • Health Benefits
      • Critical Illness Insurance
      • International Students Health Insurance
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      • Traditional Life Insurance
      • Annuities
      • Disability Insurance
      • Registered Retirement Savings Plan (RRSP)
      • Registered Eductation Savings Plan (RESP)
    • Business >
      • Business Insurance
      • Contractor's Liability Insurance
      • Commercial Pak Insurance​
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    • Event Insurance
    • Umbrella Insurance
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      • Office Building/Apartment Building
    • Travel Insurance
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Home Insurance

As your largest investment, it's important to make sure your home has the proper insurance coverage. We'll protect your home and everything in it for the lowest possible price.

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What is Home Insurance?

Home insurance, also commonly called hazard insurance or homeowner's insurance (and often abbreviated in the US real estate industry as HO1), is a type of property insurance that covers a private residence. 

It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.

Typical Home Insurance Coverages

Section I — Property Coverages
  • Coverage A – Dwelling
    Covers the value of the dwelling itself (not including the land). Typically, a coinsurance clause states that as long as the dwelling is insured to 80% of actual value, losses will be adjusted at replacement cost, up to the policy limits. This is in place to give a buffer against inflation. HO-4 (renter's insurance) typically has no Coverage A, although it has additional coverages for improvements.
  • Coverage B – Other Structures
    Covers other structure around the property that are not used for business, except as a private garage. Typically limited at 10% to 20% of the Coverage A, with additional amounts available by endorsement.
  • Coverage C – Personal Property
    Covers personal property, with limits for the theft and loss of particular classes of items (e.g., $200 for money, banknotes, bullion, coins, medals, etc.). Typically 50 to 70% of coverage A is required for contents, which means that consumers may pay for much more insurance than necessary. This has led to some calls for more choice.[14]
  • Coverage D – Loss of Use/Additional Living Expenses
    Covers expenses associated with additional living expenses (i.e. rental expenses) and fair rental value, if part of the residence was rented, however only the rental income for the actual rent of the space not services provided such as utilities.
  • Additional Coverages
    Covers a variety of expenses such as debris removal, reasonable repairs, damage to trees and shrubs for certain named perils (excluding the most common causes of damage, wind and ice), fire department changes, removal of property, credit card / identity theft charges, loss assessment, collapse, landlord's furnishing, and some building additions. These vary depending upon the form.
  • Exclusions
    In an open perils policy, specific exclusions will be stated in this section. These generally include earth movement, water damage, power failure, neglect, war, nuclear hazard, septic tank back-up expenses, intentional loss, and concurrent causation (for HO3).[15] The concurrent causation exclusion excludes losses where both a covered and an excluded loss occur. In addition, the exclusion for building ordinance can mean that increased expenses due to local ordinances may not be covered.[16] A 2013 survey of Americans found that 41% believed mold was covered, although it is typically not covered if the water damage occurs over a period of time, such as through a leaky pipe.[17]
  • Floods
    Flood damage is typically excluded under standard homeowners and renters insurance policies. Flood coverage, however, is available in the form of a separate policy both from the National Flood Insurance Program (NFIP) and from a few private insurers. [18]
Section II — Liability Coverages
  • Coverage E – Personal Liability
    Covers damages which the insured is legally liable for and provides a legal defense at the insurer's own expense. About a third of the losses for this coverage are from dog bites.[19]

    Contact us to learn more about the right homeowners insurance for you.
(416) 275-3581​
2978 Islington Ave, Suite 203
North York, ON M9L 2K6
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Trident Insurance Brokers
2978 Islington Ave, Suite 203
North York, ON M9L 2K6
Phone: (416) 775-9452 or
tall free (844) 303-6026
Fax: (888) 351-3865

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Disclaimer:  No coverage will be bound, added, altered, changed or cancelled as a result of submitting a request for information or quotation of insurance. Only coverage that has been confirmed bound by Trident Insurance Brokers Inc. or any of its affiliated companies will be considered bound. Coverage is also subject to an acceptable signed application while meeting the underwriting guidelines of the Insurance Company providing coverage.