Home insurance in Quebec

The home insurance you
need from belairdirect

Perhaps you've been carefully saving to purchase that dream home in Montreal. Maybe you've decided to start a family and you’re thinking of buying a house in Laval. Whatever the case, your home is probably your most valuable possession and it deserves to be protected. At belairdirect, we understand that a house is more than just a roof over your head. Let’s make sure you’re protected no matter what happens.

Getting a home insurance quote has never been easier

Call us today or apply online to get a quote and see how much you could save with belairdirect. It's quick, it's simple and it's absolutely free!

How can you lower your home insurance cost?

A quick guide to saving on the most important investment you'll make. In order to save on your home insurance, we’ve compiled a few tips and tricks to help you keep more money in your pocket and reduce possible risks:

Keep up to date with your home renovations
Consider how old the house you wish to purchase is. Older homes, such as a historical house in Quebec City, may require renovations to keep them up to date and the cost to rebuild in the event of a loss may be much higher than the paid price

Unnecessary coverage
Avoid paying for unnecessary coverage you don’t need. Hurricane insurance would be a redundant coverage in Quebec because windstorm coverage is included in a standard home insurance policy.

Increase your deductible
You’ll have to pay more for each claim you make but you’ll reduce the price of your premium and save money in the long run.

Install an alarm system
Even though cities in Quebec like Montreal have seen their crime rates halved since 1998, insurance companies see an alarm system as a step towards preventing theft and limiting losses.

Submit to a credit check
Offer to take a credit check. Although optional, volunteering will get you the lowest possible rates on home insurance. A good credit score can bring down your premium and shows the insurance company that you have a good repayment history. The higher your credit score, the lower your rates.

Consider bundling your insurance
Try to bundle your auto insurance together with your home insurance using the same provider. Having a good history with one policy means your insurer will be be able to offer you a better rate for more of your business.

Winterproof your home
Take steps to ensure your home is prepared for winter. Quebec winters can be quite intense. Check to see that your home’s heating and plumbing are adequate before a pipe freezes and causes it to burst. Make sure your sump pump, which is located in your basement and prevent water in the ground from flooding your house is working properly. The snow can melt fast in the spring and water damage is never fun.

Things to keep in mind about home insurance in Quebec

In Quebec, home insurance is not required by law, which is also the case for the rest of Canada. However, when you apply for a mortgage, the bank will require you to apply for insurance in order to approve you for the loan. A house is probably going to be the biggest investment you’ll ever make. Over time, it’s value will increase. Losing your home to a fire or a natural disaster like the Rivière des Prairies flooding could set you back financially by a few years. Although home insurance is legally optional, any financial professional will tell you it’s just good sense to protect yourself and your biggest investment.

Although home insurance covers everything within your home in the event of theft or damage, high value items such as your collection of signed Expos baseball cards might require a separate, specific policy. Your policy may protect these items for certain damages but may not cover them in all circumstances or for the full amount. What if you lose your wedding ring while doing the dishes? It would be covered if it were damaged by fire or stolen, but this situation doesn’t fall under either of those categories. When in doubt, always consult your policy to ensure your valuables are covered. Consider taking out a separate policy to properly protect these specific items.

3 major aspects are covered by home insurance.

The first thing that is covered by your home insurance is the house itself. Consider the value at which you are insuring your home. You can either insure the house for the value that you paid for it or what it will cost to rebuild it in the event of a total loss. If you bought an older home in Westmount and you have to rebuild it after a fire, the costs may be higher since there will be new construction regulations in place and you would need to meet such regulations, which add up in the rebuild costs.

The second thing covered by home insurance are your belongings and the contents of the home. Things such as your furniture, your clothing and anything within the confines of the house. Possessions are covered in the event that they are damaged, stolen or have perished from a covered incident.

The third facet is your personal liability (or TPL). If ever an accident were to occur on your property, as the homeowner you would be held responsible. Between any medical expenses and the possible loss of income, the costs could financially ruin somebody. Personal liability coverage will ensure that you’re protected if ever an accident occurs on your property.

In 2017, the Ottawa River overflowed and 5,371 homes were flooded. People in the Gatineau region were evacuated from their homes and many lost their cherished possessions, including their houses. Many Quebecers have since asked themselves the same question: “Am I covered in the event of a flood?”

The answer may surprise you. A recent survey found that 69% of Quebecers believe their current home insurance policy covers them in the event of flooding. Although water damage is covered in standard home insurance policy, water damage is defined as damage caused by an internal water source (leaky pipes, bad plumbing, forgetting to turn off a faucet, etc.,)

External sources, such as a sewage backup or rising flood waters would not be covered by such an endorsement. By adding flood coverage, you stand to remain protected no matter what happens and you’ll have peace of mind that you’ll receive the proper reimbursement for the damages caused to your home. Talk to your insurance agent or broker about flood insurance if you think you live in an area near a body of water that poses a risk.

The Insurance Bureau of Canada has identified Quebec and British Columbia as the two major earthquake zones in Canada. Interestingly, less than 5% of homeowners with insurance in Quebec decide to purchase this coverage whereas in BC, 60% of insured residential homes are covered. Although major damages have yet to be experienced on the East Coast, you should talk to your insurer to see what risks are posed and if there’s a reasonable price you can find to cover yourself in the event of such a natural disaster.

When you think of Quebec , tornadoes and hurricanes don’t often come to mind. Although hurricanes have rarely made landfall in the province, mostly causing havoc in the Maritimes, tornadoes are an often overlooked risk.

In 2018 alone, there were no less than 6 tornadoes that struck the Gatineau region. Hundreds of people were left without power and over 60 buildings were damaged in the aftermath.

Although damages caused by a tornado (and all windstorms) are usually covered within a standard home insurance policy, it is important to review your policy and ensure what is protected by windstorm coverage and associated risks.

Talk to your agent or broker if you have questions about your current policy and take steps to limit damage in the event of a tornado such as storing away patio furniture that could be turned into a projectile once wind speeds pick up.

Ready to compare your current premium or get new home insurance coverage?

Back to top