Black shelf stereo on a brown wooden sideboard

July 14, 2016

Answering your home insurance questions

1 min read


If you’re like most people, you don’t have questions about home insurance until you need to make a claim! But knowing some of these details now can save you money on your policy. So here are some answers to the home insurance questions we hear regularly.

What does homeowner’s liability insurance cover?

Also called homeowner’s third party liability, this coverage protects you when someone else such as any visitor, a cleaning lady or a contractor gets injured at your home. Another important benefit of this part of your policy is that you are also protected from claims from a third party if you should accidentally cause them harm when you are away from home.

Why is there a deductible?

Most types of insurance policies have a deductible and this is done deliberately to discourage all of us from making small claims. This makes sure there are sufficient funds available to pay out for larger claims when we really need the help. Deductibles usually start at $500 and can go much higher. If you are comfortable having a higher deductible, which means you pay more before your insurance pays the rest of a claim, then you can definitely lower your premiums and save money each month.

What are Acts of God?

These are various types of natural disasters that we cannot be expected to avoid or prevent from happening. Examples include storms such as hurricanes and tornadoes, which are usually covered in most policies but you may have to ask for coverage for damage due to hail or lightning. Another frequent question is about floods, which are not usually covered in standard policies but you can add it on for an additional cost. While we don’t get asked about earthquakes in Ontario very often, it is another example of a natural disaster not included in most policies without an earthquake endorsement.

What is a home valuation?

Some insurance companies will want to make a valuation of your home. This is not to determine its current value on the market, but to estimate how much it would cost to rebuild it. This will establish the replacement value and what coverage is needed to restore your home and other buildings on your property to their original condition if they were completely destroyed by a fire for example.

What are exclusions?

There are a number of risks, also called ‘perils’, which are often specifically excluded from coverage in most home policies. Some examples are damage caused by the following:

  • Ground water seepage
  • Mould
  • Frozen pipes
  • Rodents and other animals
  • Termites
  • Some natural disasters or Acts of God as mentioned earlier

Another common exclusion pertains to expensive items such as:

  • Jewelry
  • Artwork
  • Computer equipment
  • Sports equipment
  • Musical instruments

Be sure to ask about what is excluded from your home insurance policy in case you have any of these high-value items that may need special coverage.

Other home insurance questions?

If you have any questions or concerns about your home insurance, our insurance brokers would be happy to talk with you. Contact Mitch Insurance Brokers at 1-800-731-2228 or email us at

Looking for home insurance?

Speak with a Mitch Insurance broker today to get a quote on Ontario home insurance. Learn more >

Call now

author avatar
Mitch Team

The articles you'll find on the Mitch blog are all the result of a team effort, contributed to by one or more of our RIBO licensed insurance brokers and/or other Ontario insurance experts. Contributors to our blog include:

  • Adam Mitchell (RIBO) - President and CEO of Mitch Insurance Brokers
  • Nick Kidd (RIBO) - Chief innovation officer at Mitch, & director of business insurance
  • Alex Gemmiti (BSc, CIP, RIBO) - Service team lead at Mitch Insurance
  • Jesica Ryzynski (RIBO) - Insurance broker, claims specialist, and account manager at Mitch Insurance

Learn more about the Mitch Team

Leave a comment

Your email address will not be published. Required fields are marked *

Didn’t find what you were looking for?

Check out some of our other insurance products.