Insurance
What is covered, what is not, and for how long.
Life, disability, home: look at what is covered, what is not, and how long the premium stays the one you were quoted.
Tools
Put numbers on your situation
Annual saving$200
Additional risk$1,000What you pay extra if you claim.
Years to recover5.0With no claim, how long to cover the higher deductible.
For information only: not an approval, and not a rate offer.
How we calculate
We compare the certain yearly premium saving with the extra deductible paid on the day of a claim, weighted by the claim frequency you enter.
Assumptions
- By default, one claim every ten years: a prudent value, to adjust.
Limits
- A claim’s effect on future premiums and insurer cancellation thresholds are not modelled.
The clauses that decide a claim
Two equal premiums do not protect the same
| Clause | What it changes | What to ask the insurer |
|---|---|---|
| Amount insured | It sets the maximum paid; too low leaves a gap, too high pays for nothing. | How the amount was worked out. |
| Deductible | The share you bear on every loss. | The deductible by type of damage. |
| Exclusions | What the contract refuses to cover, even if it seems obvious. | The written list of exclusions. |
| Renewal | The premium can rise at maturity without the coverage changing. | The premium expected at the next term. |
Guides
Reading to go further
// Insurance
Home Insurance: Build a Property Inventory
Photograph each room, record serial numbers and keep receipts for important property before a loss occurs.
// Insurance
Replacement Cost and Actual Cash Value: Understand Compensation
Compare replacement cost with the depreciated settlement based on age and condition before choosing the coverage.
// Insurance
Home Insurance Deductibles: Compare Premium Savings With Risk
Put the annual premium saving beside the amount payable on each claim before raising the deductible.
Every guide in this section
- Water Damage: Coverage and Exclusions to Check
- Sewer Backup: Assess Your Building's Risk
- Condo Insurance: Separate the Syndicate Policy From Yours
- Tenant Insurance: Protect Property and Liability
- Renovations: When to Notify Your Home Insurer
- Working From Home: Check Business-Use Limits
- Auto Insurance: Choose Coverage Beyond Price
- Auto Deductibles: Measure Your Capacity to Absorb a Loss
- New Vehicle Replacement Coverage: Duration, Cost and Conditions
- Occasional Drivers: Disclose Actual Vehicle Use
- Annual Mileage: Its Effect on the Insurance Profile
- Term or Permanent Life Insurance: Start With the Need
- Calculate Life Insurance Needs Without a Blind Multiple
- Disability Insurance: Protect Income Rather Than an Asset
- Critical Illness Insurance: Lump Sum and Limits
- Review Insurance After a Family Change
- Making a Claim: Document the Loss and Communications
- Reconstruction Cost: Do Not Confuse It With Market Value
- Home Insurance Coinsurance Clause: Verify the Insured Amount
- Vacant or Unoccupied Home: Notify the Insurer
- Short-Term Rental: Coordinate Platform and Home Insurance
- Jewelry, Bicycles and Collections: Check Special Limits
- Excess Liability Insurance: When to Consider Umbrella Coverage
- Identity Theft Coverage in a Home Insurance Policy
- Earthquake Insurance: Deductible and Scope of Coverage
- Overland Flood: Check the Definition and Exclusions
- Roommates: Insure Each Person’s Property and Liability
- Auto Telematics: Data Collected and Effect on Premium
- Replacement Vehicle After a Claim
- Accident Forgiveness: Conditions and Duration
- Leased Vehicle: Required Coverage and Contract Value
- Vehicle Modifications: What to Disclose Before a Claim
- Delivery and Ridesharing: Disclose Commercial Use
- Revocable or Irrevocable Life Insurance Beneficiary
- Group Insurance After Leaving a Job
- Insurance Risk Disclosure: Answer Accurately
- Travel Insurance and Pre-Existing Medical Conditions
Frequently asked
What people ask most
A narrated video of every room, closets and drawers open, then close-up photos of serial numbers on electronics and appliances. One hour covers the base. Add receipts and estimates for important items over time, without aiming for immediate perfection.
Put numbers on your decision
Open the calculatorsFor information only: not an approval, and not a rate offer.
A question about your situation?
A Quebec broker answers, with no commitment.