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| 1, 2 or 5 Million Dollar Advantage |
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Avoid being underinsured
 Imagine losing your house in a fire. Wouldn’t you feel better knowing you could rebuild it just as it was? With this coverage, you have what you need to do that.
Here’s how it works.
Under your insurance policy, your home is insured for the amount of coverage you chose. What you need to figure out is what it would actually cost to rebuild your home if it was declared a total loss. If the reconstruction costs were underestimated, you’d want to be sure that you had the money to cover all the extras. At no extra expense to you, you can benefit from additional coverage to bring the protection on your home and belongings up to $1, $2, or $5 million.
For example, if you’re insured for a total of $435,000, we’ll top that off to $1 million in coverage. If you’re insured for $1.2 million dollars, we’ll bring that up to $2 million.
Our unique coverage applies to:
- Buildings and outbuildings, such as sheds
- Personal property, such as furniture and clothing
- Additional living expenses, such as hotel expenses
This coverage does not otherwise affect the limitations and exclusions set out in the insurance policy; they continue to apply.
Who’s eligible?
This coverage is available on our homeowner policies: Platinum Plus, Platinum, Gold, Silver, Bronze.
- The minimum reconstruction cost of your building is $80,000.
- The maximum reconstruction cost of your building is $2,500,000.
- Your building, any detached private structure and personal property must be insured for 100% of their replacement cost.
- You reside in Canada.
In case of discrepancy between the information provided on this website and your insurance policy, your insurance policy prevails. Remember, the exclusions and limitations specified in your policy apply in all circumstances.
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