Skip to content
PC Insurance

We have you covered with

PC home insurance in Ontario

Car black


Get a quote
home black


Get a quote

The benefits of PC home insurance

Your home is likely your biggest financial investment – whether you own property in the country or a condo in downtown Toronto. Unfortunately, with that investment comes risk – water damage, fire, and theft, for example. Without home insurance coverage, you may have to pay repair and replacement costs out of your own pocket.

At PC insurance, we shop around for the best home insurance rates and plans we can find for you, so you can relax knowing your home or condo is insured.

pc mastercard, pc world mastercard, and pc world elite mastercard

Plus, we reward you for every dollar you spend with a PC Financial Mastercard®.

When you pay your PC insurance premium with your PC Financial Mastercard®, you earn 2X the regular PC Optimum points – redeemable for free groceries, fashion and more at participating stores. Minimum redemption is 10,000 PC Optimum points (worth $10 in free rewards).

Visit for details and full store list.

PC Optimum

Which home insurance companies does PC insurance work with in Ontario?

PC insurance compares quotes from the following insurance companies and provides you with the best available options based on your personal situation:

Aviva insuranceIntact insuranceTravellers insuranceZenith insurancePafco insurancePembridge insuranceEconomical insurance

What is homeowners insurance and how is it different from home insurance?

Homeowners insurance is an insurance policy that covers your home, most of its contents, and personal liability if someone is ever injured in your home. Home insurance typically refers to homeowners insurance, but the term can also be applied to condo insurance or tenant insurance.

Woman using laptop

How do I get a home insurance quote in Ontario?

You can get a home insurance quote online in only minutes from PC insurance. Simply use our free, no-obligation tool and we’ll compare quotes from multiple insurance companies in Ontario to get you the best options available for your situation.

mountains with Canadian flag

Why do I need home insurance?

You’ve spent a lot of time and money on your home. Having insurance covers the cost of major damages, including rebuilding costs, replacing the contents of your home, and even additional living expenses if you’re unable to stay in your home while it is being repaired due to an insured loss.

Is home insurance required in Ontario?

The province of Ontario does not require home owners to take out a home insurance policy, but most banks or mortgage holders will request proof of home insurance before lending you money.

How much home insurance coverage do I need in Ontario?

While there is no mandatory minimum, it is recommended to buy a home insurance policy that covers the worst-case scenario: if your house is damaged beyond repair and must be rebuilt. For an accurate estimate of the replacement cost of your home, consider contacting a contractor or a replacement cost appraiser.

What does home insurance cover?


Home insurance covers your home, outbuildings, landscaping, fences and your personal belongings. Basic coverage includes theft, fire, vandalism, some types of water damage, lightning, wind damage, aircraft or vehicle impact, explosion, falling objects, and smoke.

Personal Property

Home insurance covers many common household belongings, such as appliances, clothing, furniture and electronics, but there are limits on what items are covered. Additional coverage may be required for jewelry, computers, cash, musical instruments, art or stamp/coin/card collections, and more.

Personal Liability

Your home insurance policy also provides personal liability coverage, so that if someone is injured in your home and you are found legally responsible, your insurance will cover the cost of the settlement (up to the value set out in your policy). This liability coverage also extends to any dependents in your household under the age of 18 and dependents under the age of 21 who are away at school or otherwise temporarily living away from the insured residence.

Detached Structures

In addition to covering your home, home insurance also provides coverage for any detached structures on your property, such as detached garages, sheds, boat houses and gazebos.

Additional Living Expenses

If you have to move out of your home due to damage that occurs as a result of a peril that is covered by your home insurance policy, your policy will also cover hotel bills, restaurant meals, rent, storage and even pet boarding until you can move back.


While damage caused by malfunctioning plumbing or appliances is typically covered by home insurance, flooding from an overflowing body of water is not covered.

Landslides & earthquakes

Damage due to earth movement, such as landslides and earthquakes, is not covered by home insurance though some insurance companies will offer earthquake coverage as an additional coverage option.


Mold is a bit tricky when it comes to home insurance. While some policies will cover mold that occurs as a result of a covered peril (water damage due to a malfunctioning dishwasher, for example), mold that occurs as a result of poor maintenance or cleaning is not covered. To be sure, consult your insurance policy or contact your provider to see what is covered and what isn’t.

Frozen plumbing

If you are going to be leaving your home during the winter, make sure to thoroughly drain your pipes because water damage due to frozen pipes is not covered by most home insurance policies.

Wear & tear

Home insurance is designed to cover the cost of rebuilding your home after a disaster, but the cost of regular home maintenance is the responsibility of the homeowner and as such is not covered by your home insurance policy.

Insect damage

Unfortunately, since most insect problems are seen as preventable, damage caused by insects (as well as squirrels, raccoons or rats) is not covered under most home insurance policies.

What factors affect the cost of home insurance?

Where you live

Your neighbourhood plays a big role in determining the cost of your home insurance, as insurance companies’ factor in the frequency, type, and cost of claims in your area. Homes in areas that see more frequent or more costly claims will typically be more expensive to insure.

Replacement value

Replacement value is the cost of rebuilding your home on the existing spot and replacing its contents in the event of disaster. Simply put, a larger home with more contents costs more to replace.

Age and condition of your roof

The average life expectancy of a roof is 15 to 20 years, and if your roof is in that range, your home insurance company may charge you a higher premium. Insurance companies prefer newer roofs because they are less likely to need significant repairs and lessen the likelihood of water damage.

Policy type (comprehensive, broad, named perils, no frills)

When you select your home insurance policy, you will have the option to choose the type of coverage that best suits your needs, from a no frills policy that offers very basic coverage to a comprehensive all perils policy that covers the gamut of risks. As a rule of thumb, the more comprehensive the policy, the more expensive the annual premiums.

Heating, plumbing, electrical systems

Insurance companies want to know that your home systems are up-to-date and not likely to fail. Older plumbing, electrical, or heating systems can increase the likelihood of leaks or fires which in turn, increase the cost of home insurance.

Distance from a fire hydrant/fire station

The closer you are to a fire hydrant or fire station, the quicker a fire can be put out, resulting in less damage to fix. While this is less of an issue in urban areas where fire hydrants are plentiful, it can be a concern for homeowners in more rural areas.

Your claims history

Insurance companies take your personal claims history into account when setting rates because past claims have historically shown to be a good indicator of future claims.

Additional coverage

Need coverage for an expensive piece of jewelry or a valuable vintage guitar? While these items are not covered under a typical home insurance policy, you may be able to add additional coverage (as long as you don’t mind spending a bit more).

How can I get cheaper home insurance?

Red checkmark icon

Bundle insurance policies

If you’re looking to purchase home insurance, have your PC insurance broker include car insurance in the quote – you may be able to save money on both policies by insuring with the same provider.

Red checkmark icon

Speak with an insurance broker

One of the best ways to get a great rate is to compare quotes from a number of different insurance providers – which is exactly what our insurance brokers do. At PC insurance, we source quotes from multiple insurance companies and provide you with the best available options.

Red checkmark icon

Install an alarm system

The more that you can do to help protect your home from losses, the more you will save on home insurance. Modern home security systems are more affordable and easier to install than ever – just make sure you keep proof of purchase and let your insurance company know about that installation.

Red checkmark icon

Pay a higher deductible

A deductible is the amount that you pay out of pocket in the event of a home insurance claim. You may opt to pay a higher deductible, which will save you money on your annual home insurance premium, but you will pay more if you need to make a claim.

Are home insurance premiums tax deductible in Ontario?

Home insurance premiums are not tax deductible in Ontario, unless you run a business out of your home or are using it as a rental property. Speak to a tax professional to see if you are eligible to claim your home insurance premium as a tax deductible.

magnifying glass in speech bubble

How do home insurance claims work?

In the event of property damage or theft, speak to a PC insurance claims advisor, available 24/7 at 1-877-251-8656. Your claims advisor will help you sort through the incident and help with your immediate needs such as temporary accommodations, facilitating repairs and replacing damaged property. Make sure to have basic information such as name, phone number, home address and postal code, date and details of the loss on hand. A claims professional will provide you with information about your coverage, details on damage, vendor recommendations, repair status, accommodation details, liability, deductible status and claim payments and will keep you up to date on the status of your claim.

question mark in red speech bubble

Can home insurance companies deny coverage in Ontario?

It is possible, though uncommon, for insurance companies to deny you coverage. Typically, this denial is the result of issues like poor claims history, missed payments and gaps in insurance coverage.

President's Choice Financial Mastercard is provided by President's Choice Bank. PC Optimum program is provided by President’s Choice Services Inc.

* PC auto insurance and home insurance are arranged for by PC Financial Insurance Broker Inc. and are underwritten by a number of selected Canadian insurers. PC auto and home insurance products are available only in Alberta, New Brunswick, Newfoundland & Labrador, Nova Scotia, Ontario, and Prince Edward Island.

‡ President's Choice Financial Mastercard is provided by President's Choice Bank.
The loyalty program is provided by President’s Choice Services Inc.