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Home Insurance for British Columbia
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Home
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Condo
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Tenant
Home insurance
Protect your home and belongings with coverage that suits your needs. Most insurance policies set specific limits, but we have a better way:
Only TD Insurance offers the Million Dollar Solution®, so you can enjoy the flexibility of one overall amount of coverage for your home, belongings and additional living expenses. This covers the replacement or repair of your home and belongings. It also covers your extra living expenses while you're staying somewhere else if you're unable to stay in your home. Own a home in BC and ready to get the coverage that’s right for you? Get a home insurance quote today.
Home Coverage for your house
It’s not just your house, it’s the place you call home. That’s why we cover:
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All risks: Covers your home and belongings against all causes of loss—except those directly mentioned as exclusions in your policy.
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Water damage coverage: Insurance coverage for a variety of interior water damage based scenarios including damage caused by the rupture of a heating, plumbing, sprinkler, or air conditioner system. Coverage also includes water damage caused by the escape of water from a domestic water container or appliance such as leakage of water from a hot water tank4, dishwasher.
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Extended water damage coverage*: Additional coverage to cover damages as result of exterior water backing up from sewers or septic tanks, below ground water seepage through walls, foundations and basement floors and overland water from any stream or body of freshwater that enters your home.
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Rebuilding to code: Additional costs to repair or rebuild damaged portions of your home to code due to a covered claim.
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Personal liability: You’re protected if you're held legally responsible for an accident that causes injury to someone or damage to their property.
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Additional living expenses: Includes additional costs for temporary accommodations if you can't stay at home because of a covered claim.
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Legal and home assistance**: When you bundle your home and car insurance with TD Insurance, you get access to free over-the-phone legal advice and referrals to our pre-qualified network of home contractors.
*Subject to eligibility and has a separate premium
**Automatically included, subject to eligibility.
Enhanced Home Coverage for BC homeowners
In addition to the coverage listed above, you can get our Enhanced Home Coverage for even more protection for your home in BC. Find out more details when you get a home insurance quote.
- Family coverage: Protection for situations like cyberbullying and parents living in nursing homes.
- Eco-efficient rebuild: Provides additional coverage above and beyond the cost of repairs to allow for eco-efficient upgrades following a covered loss.
- Claim forgiveness : When your policy renews, your premium won’t increase after you make your first claim.
- Enhanced limitations: Increases the amount of coverage for high-value items, such as fine art, wine, spirits, jewellery, certain collectibles, and more.
Boost your coverage with optional add-ons
Customize your Home Insurance to suit your unique needs and preferences with optional add-ons.
Ways to save on home insurance in BC
Home insurance that fits your needs
Find the right home insurance to suit your needs and your budget for your home in BC. Get started with our online quote tool to check out our competitive home insurance rates — you'll get your quote in minutes.
Home insurance advice for BC homeowners
Read more about home insurance tips & advice.
Condo insurance
If you own a condo in British Columbia, having condo insurance can help protect you against unexpected expenses. Where home insurance covers your entire property, condo insurance focuses on what’s in your unit, like personal liability, loss or damage to your personal belongings, or improvements to the unit itself. It can also cover your share of eligible loss assessments related to loss or damage to common areas. We offer coverage for temporary living expenses too, if you’re unable to live at home while repairs are being made as a result of a covered claim.
Our Condo Global Amount Coverage is specifically designed to cover personal liability, your personal belongings, and improvements to your unit, along with coverage for eligible loss assessments to help fill the gaps left by your condo corporation’s insurance policy. Learn more about our condo insurance coverage.
Tenant insurance
Home insurance isn’t just for homeowners. If you're renting in BC, tenant insurance, also known as renter's insurance, covers your belongings, including your furniture, electronics, and jewellery, when you're renting. You'll also receive additional coverage benefits such as personal liability, additional living expenses and much more.
Frequently asked questions
Due to climate change, extreme weather events have increased all across Canada, including British Columbia. This means increased risks for insurers—so if your home is in a high-risk area (for example, if you live in a wildfire zone or in an area that sees a lot of heavy rain or flooding), you may see an impact on your home insurance, such as higher premiums or stricter coverage terms.
The cost of home insurance depends on a mix of risk factors, such as the age of your home, what home improvements you've made, and even your postal code. And in BC, many of the risks insurers look at have been rising, which has increased the cost of home insurance in the province.
For example, more extreme weather events due to climate change, rising home values, and higher rebuild costs have all had an impact on the premiums BC homeowners pay. And while coverages like earthquake coverage are optional, homeowners living in high-risk areas in British Columbia often purchase these add-ons, adding to the cost of their home insurance premiums.
1In order to be eligible for the Buy Online Discount for home or car insurance, you must meet eligibility requirements to buy home or car insurance online and complete your purchase of this insurance online. Note: You may not always be given the option to buy online. This may occur, for example, if information provided requires additional verification or if your purchase must be completed with an advisor based on your specific insurance needs. If you are unable to buy online, we encourage you to call and speak to one of our licensed advisors or let us call you!
Offers may be changed, withdrawn or extended at any time without notice.
210% Home Insurance Savings (not available in Quebec)
10% savings off eligible coverage in the first policy term is derived from a combination of two separate discounts:
- a 5% Digital Discount for completing the home, condo or tenant insurance quote online. This Digital Discount will continue to be applicable upon policy renewal.
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- 5% Buy Online Discount in the first policy term for completing the home, condo or tenant insurance purchase online. Both the Digital Discount and Buy Online Discount are applicable to premiums charged for the base insurance policy and the following endorsements: Above Ground Water, Extended Water Damage and Fuel Overflow or Escape.
35% Savings on Home Insurance (Quebec only)
Home Insurance: A Buy Online Discount of 5% in the first policy term will be applied to premiums charged for the base insurance policy and the following endorsements: Above Ground Water, Extended Water Damage and Fuel Oil Overflow or Escape
4 Water heater tank(s) need to be replaced before the age reaches 15 years or older to avoid an exclusion of coverage. Loss or damage caused by water originating from your water heater tank(s) will not be covered if the manufacturing date is 15 years or older.
The content on this page is for general information purposes only and does not constitute legal advice. Coverages and discounts described herein may be subject to additional conditions, eligibility criteria, limitations, and exclusions. In the event you make a claim, potential indemnification is also subject to the receivability of the claim and the type of coverage you bought.
In the case of conflict between the content on this page and your policy wordings, your policy wordings shall take precedence Please speak to an Advisor or consult your policy wordings for further details.
Where applicable. Car insurance not available in British Columbia, Manitoba, or Saskatchewan.
†Savings apply to premiums charged for base contract and the following endorsements: Above Ground Water, Extended Water Damage and Fuel Overflow or Escape.
Mailing address:
TD Insurance (Corporate Secretariat)
50, Place Crémazie
12th Floor
Montreal (Quebec) H2P 1B6"