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Home insurance for homeowners

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your biggest investment

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fits your lifestyle.

Understanding Home Insurance

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Home insurance that fits your needs and budget

At TD Insurance, we offer a wide range of home insurance packages that can be tailored to your needs. These Advantage packages include home (building), personal property (contents) and liability coverage.

There’s a TD Insurance Home Advantage package that’s right for you.

Platinum Plus Advantage

  • You want the most coverage for your valuables (such as jewellery).
  • You want replacement cost protection but don’t want to be obligated to use the funds for that purpose.

Platinum Advantage

  • You want all-risk protection for your home (building) and property (contents).
  • You want a greater coverage amount for valuables and possessions than offered with Gold, Silver, Bronze or Basic Advantage packages.

Gold Advantage

  • You want all-risk protection for your home (building) and property (contents).
  • Affordability is important

Here are brief explanations of the terms used to describe our Home Insurance Advantage packages:

  • All-risk coverage is also known as all-perils coverage and provides insurance for common types of loss (e.g. fire, theft, etc.). It clearly states what is excluded.
  • Designated-risk coverage is also known as named-perils coverage and names the specific types of risk that are included in your coverage.

To learn more, go to The benefits of home insurance page.

What's considered standard on home insurance coverage?
While policies can differ greatly, there are some standards features that are part of just about every home insurance plan, including:

  • Building coverage — if you own a house or condo (if you need it)
  • Contents — your personal property
  • Personal liability — should someone hurt themselves while visiting your home
  • Additional living expenses — for temporary accommodations and expenses if you cannot live at home due to covered loss or damage

How are home insurance premiums calculated?
Many factors are taken into account when calculating home insurance, including:

  • Geography — Are you in a high theft area?
  • Amount of coverage — The higher the coverage amount, the higher your rates.
  • Optional coverage add-ons — For example, since water damage coverage does not cover floods, you may want to add optional coverage such as sewer back-up water damage coverage.
  • Your deductible — You can choose to lower or raise your deductible (the amount you pay on a claim). The higher your deductible, the lower your premiums.
  • Safety features — An alarm system, smoke detectors and other security features may help reduce the cost of your home insurance.

Does my coverage include damage from floods?
Depending on what province you live in, your basic home insurance will provide some coverage against water damage. However, water damage coverage does not cover floods. It does cover the result of some types of water damage (your air conditioner leaks and damages your end table) but not the source (the air conditioner itself). The purchase of an add-on may be required.

See more questions and answers.

To help you get the right coverage, we’ll need some information about the home you want to insure. To make the process even quicker, gather the following information before you start:

  • Postal code
  • Year home was built
  • Total square footage, excluding basement
  • Percentage of basement that’s finished
  • Type of roof and year roof was last renovated
  • Heating system
  • Alarm system (if any)
  • Number of smoke detectors
  • Your claims history (reason, year and month)

Once a quote is generated, you’ll be able to choose between applicable Advantage home insurance options and recalculate your premiums.

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