Water damage from leaks or overflows within a home is a major irritant and cost to anyone who experiences it.
Tip: Water sensors can monitor for escaped water to warn you or even turn off the supply; check with your insurance provider for recommendations.
Canadian homes come in all shapes and sizes, from houses and apartments to condominiums and mansions. Whether someone owns, rents, or shares their home with others, it’s wise to have some type of home insurance — sometimes it’s even mandatory. When the home or the stuff inside it suffers damage, insurance helps recover from the loss.
Liability insurance, usually associated with property insurance, also helps protect you if you accidentally harm someone else or damage their property. Though some homes have unique circumstances, most homes can be insured with a standard home insurance policy.
Featured Providers
Serving BC, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec
Head office: Vancouver
Get an online home
insurance quote
or call 1.855.331.6933
Looking for a more affordable home insurance policy?
Home insurance from Square One starts at only $12/month. They’re so affordable because you choose what to insure, and only pay for what you need. For example, many other policies include coverage for specialty property, like jewellery or collectibles, with predetermined sublimits. If you don't own any expensive specialty property, you don’t have to pay to insure it with Square One. If you need to, you can add specialty property coverage in the amount that’s right for you.
As home insurance experts, Square One offers a range of policies to meet your needs, including house insurance, condo insurance and tenant insurance. To see how much you can save on your home insurance, get an online quote in less than 5 minutes. Square One also offers car insurance (with bundle discounts) in select provinces.
Find Home Insurance
Related Services
See our property insurance buyers’ checklist for things to consider before buying. For more about the basics, consult our Home Insurance FAQ.
News and Articles
- National flood risk blind spot: Majority of Canadians are not concerned about flooding, and many have yet to take action
- Wildfires, storms, floods contribute to record 92% of global insured losses in 2025: Swiss Re Institute
- IBHS and APCIA launch comprehensive new toolkit to help communities reduce wildfire risk
- Homeowners Insurance Claims Satisfaction Improves as Repair Cycle Times Improve: JD Power
- Cross Border Travel and Property Ownership Drive Increased Focus on Mexican Issued Insurance Coverage
- ICLR Launches CatView Natural Hazard Platform
- FMIC Expands Use of Chrp’s AI-Based Home Health Reports to Reduce Non-CAT Water & Fire Claims
- Climate Change and Wildfire Smoke Top Canadians’ Disaster Concerns as Weather Worries Shift Regionally
- Nationwide and Chrp introduce AI-powered virtual home inspection program to help homeowners get ahead of common risks
- ZestyAI Launches AI-Powered Property-Level Model to Predict “Everyday Fire” Risk



