There are numerous potential plumbing problems that can cause serious damage. Frozen or ruptured pipes, clogged sinks and toilets caused by accidental or unexpected malfunctions are all part of our basic policy coverage.
Improper installation or sudden breakdown of appliances, aquariums, or waterbeds can result in major damage. Check your floors for water stains, particularly near dishwashers and sinks. A TD Insurance policy can cover damage caused by accidental or unexpected malfunctions.
How old is your water heater? The average lifespan of a water heater is 8-10 years. A sudden rupture or breakdown can cause significant damage. Your water heater needs to be maintained regularly to avoid costly repairs.
Our standard home insurance policy covers certain types of water damage. Since every property is different, you may also choose to customize your insurance by purchasing additional water damage coverage.
Fire and Smoke Damage
Fire and smoke can damage your home or destroy it in a matter of minutes. A TD Insurance policy provides a foundation upon which to start rebuilding. Watch the video.
Our home insurance policy not only provides coverage for fire damage from the examples above, but smoke damage as well. It also covers the cost of temporary accommodations, and food expenses, while your home is being repaired or rebuilt as a result of fire or smoke damage.
Your home is a place of refuge, but when weather conditions become extreme and cause damage you need to know where you stand. Watch the video.
High winds can uproot even the strongest trees. Falling branches can cause significant damage to the structural integrity of your home. Our home insurance policy provides coverage for removing debris and repairing the damage it caused to your home. Limitations may apply, talk to us for full details.
Our TD Insurance home policy covers damage to electronic equipment such as computers or televisions caused by weather-related power surges. Always use a surge protector to avoid damage to your valuable electronics.
Some water damage can be caused by weather and may require additional coverage. Please check with an advisor to understand your options and get the coverage that is most suitable to your specific needs.
Your personal property may be more valuable than you think. A TD Insurance home policy can help you if it is stolen or damaged. Watch the video.
The smoke from a nearby fire may damage your clothing, even if the fire never reaches your residence. According to a 2009 Statistics Canada report, the average Canadian household spent over $4,000 on clothing alone.
A majority of TD Insurance customers benefit from our replacement value option. This option gives you the current replacement value for your stolen or damaged items even if it is more than their current value. For example: If your 5-year-old TV was lost in a fire, you would get the full amount it would cost to replace it, even if that is more than you paid for that TV in the first place.
Accidents will happen. A TD Insurance home policy can help you pick up the pieces when they do. Watch the video.
Our liability coverage can pay for damages to another person’s property. In addition, we can also pay for legal defense costs incurred if a lawsuit is filed as a result of these damages.
The information and examples provided above are intended as general information only. This information does not constitute legal or insurance advice. In all cases, you should speak to an insurance advisor before acting. Your insurance policy contains exclusions in addition to limitations and restrictions which vary by province and may affect your coverage and/or determine whether or not benefits will be payable.