How to Compare Home Insurance Quotes

Your home is a big investment – and having the right home insurance policy in place can offer comfort knowing you have protection against unexpected, covered events. But how do you know if you've got the right home insurance coverage? In the article below, we'll share our tips for comparing home insurance quotes so you can get coverage that fits your needs.

Understand how each policy works.

Not all home insurance policies are created equally. Pay attention to the deductibles, policy limits, and any other endorsements that may differ across insurers. That way, you know you're making an accurate comparison when reviewing your home insurance quotes. For example, different coverage limits for building, contents, and additional living expenses can make a considerable impact to the overall policy cost. However, TD Insurance offers a single coverage limit – the Million Dollar Solution ® – for your home, belongings, additional living expenses, and other costs. The Million Dollar Solution® aims to provide increased flexibility should you need to rebuild or repair your home, replace your belongings, and find temporary accommodations after a covered claim.

Consider our Million Dollar Solution ®.

Let's take a closer look at how the Million Dollar Solution® works. Many insurers will set your Additional Living Expense limit to 20% of the rebuild value of your home. If, for example, the estimated cost to rebuild your home is $500,000, then you'd get $100,000 in Additional Living Expense coverage. However, this one-size-fits-all approach doesn't consider factors like the number of people in your household, or the cost of short-term housing in your area. If you reach your limit for additional living expenses, you may have to make significant lifestyle changes during an already stressful time. Instead, the Million Dollar Solution® offers a single amount of insurance to cover your home, belongings, and additional living expenses. Rather than having individual coverage limits, more of your insurance could be allocated to your additional living expenses if needed, should your home be uninhabitable due to a covered claim.

Get the home insurance coverage you need.

You know your home best. Considering your home, your belongings, and the area you live in can help you determine the home insurance coverage that's right for you. For instance, it's a good idea to think about what's on and around your property when considering any extra home insurance coverage you may need. If you live in an area that sees a high volume of snowfall each year, you may want to consider adding Above Ground Water Damage coverage to your home insurance policy.* While some types of water damage are covered under your TD Insurance home insurance policy, Above Ground Water Damage includes coverage for damage due to rain, snow, melting snow, or melting ice that enters or seeps through the roof of your home, or above ground walls of the building or openings, such as doors or windows. Moreover, if you have an expensive art or watch collection, adding Personal Valuables Coverage to your policy allows you to increase the amount of insurance for high-valued items that would otherwise exceed the limit provided in your home insurance policy.

A TD Insurance agent can help you boost your coverage with optional add-ons if needed, so you can get the home insurance coverage that's right for you.

Ask about extra perks.

Under our Enhanced Home Coverage package, you can get additional coverage to help offset the costs of buying environmentally friendly materials to rebuild your property following a covered claim. If you're in the process of rebuilding your home, our Eco-Efficient Rebuild endorsement could be a great way to reduce your carbon footprint without having to pay more out-of-pocket to install environmentally friendly or energy-efficient materials and products. Not only does this help the environment, upgrades like improved insulation, energy-efficient windows, and eco-friendly appliances may lower your energy bills too.

In addition to saving money when you bundle your home and car insurance with TD Insurance, you'll get Legal and Home Assistance for no additional cost. Legal Assistance gives you access to over-the-phone legal advice from lawyers specializing in private life matters, such as family law, wills and estates, taxation and more. With Home Assistance, you receive unlimited access to a referral network of trusted professionals in your area to help with the repair, renovation, restoration, and construction of your home.

As a TD Insurance customer, you can start a claim from your mobile app anytime, with a dedicated TD Insurance Claim Advisor to support you every step of the way.

Get a home insurance quote online.

We want to help you get affordable home insurance that fits your needs. From buy-online discounts and preferred rates for alumni, professionals and members of employer groups, to savings when you install a connected burglar or fire alarm system in your home, we've got plenty of ways to help you save. Get a home insurance quote online in minutes.

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The content on this page is for general information purposes only and does not constitute legal advice. Coverages described herein may be subject to additional 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.