Protect What Matters Most
Your home isn’t just a structure—it’s where life happens. At Expo Insurance Brokers, we understand how important it is to protect your home and everything inside it. Whether you're a homeowner, condo owner, or renter, we’ll tailor a policy that fits your lifestyle and budget.
Protect your most valuable asset with tailored coverage for your home, condo, or rental property—plus your belongings and liability.
- All-Risk vs. Named Perils
Choosing between all-risk and named perils coverage is a key decision when purchasing home insurance. All-risk policies provide broader protection—they cover all types of loss except those specifically excluded in the policy. On the other hand, named perils coverage only protects you against the risks specifically listed, such as fire, theft, or vandalism. While all-risk offers more comprehensive protection, named perils policies can be more budget-friendly. Our brokers will walk you through both options and help you decide which type of coverage best matches your home, lifestyle, and risk tolerance.
- Water Damage & Sewer Backup
In Canada, water damage has become one of the most common—and costly—insurance claims. Between heavy rains, snowmelt, and aging infrastructure, your home faces multiple water-related risks. Standard home insurance may not automatically include sewer backup or overland water coverage, so it's important to understand what’s included in your policy. Optional endorsements for water damage can provide critical protection against flooding, sewer backups, burst pipes, and more. We’ll help you assess your property’s risk and ensure you’re protected against these increasingly frequent events.
- Liability Coverage
Personal liability coverage is one of the most important—and often underestimated—parts of a home insurance policy. It protects you financially if someone is injured on your property or if you accidentally cause damage to someone else’s property. For example, if a guest slips on your icy walkway or your child breaks a neighbour’s window, liability coverage can help cover legal and medical expenses. We recommend reviewing your liability limits to ensure they match your lifestyle and assets—especially if you have frequent visitors, own pets, or rent out part of your home.
- Replacement Cost vs. Actual Cash Value
When insuring your home and belongings, it’s essential to understand how your insurer calculates claim payouts. Replacement cost coverage reimburses you for the full cost of replacing damaged or stolen items with new ones of similar kind and quality—without deducting for depreciation. In contrast, actual cash value (ACV) takes depreciation into account, meaning you’ll receive less for older items. While ACV policies can lower your premiums, they may not provide enough to fully replace your belongings after a loss. Our team can help you evaluate which option offers the right balance of protection and affordability for your needs.
Insurance FAQ's
A standard home insurance policy typically covers your home’s structure (dwelling), personal belongings, liability for injuries or damages to others, and additional living expenses if you need to temporarily relocate due to an insured event. Depending on your needs, optional coverages like water damage, sewer backup, and overland flooding can also be added.
Yes, even if your home is mortgage-free, insurance is still essential to protect your investment. Without coverage, you’d be responsible for repair or replacement costs after a fire, theft, or other major loss. Home insurance also includes liability coverage, which protects you if someone is injured on your property.
Several factors influence your premium, including the age and construction of your home, location, value of your belongings, claims history, credit score (in some provinces), and the coverage options you choose. Installing safety features like smoke detectors or security systems may help lower your rate.
Typical exclusions include damage from earthquakes, overland flooding, gradual wear and tear, pest infestations, and intentional acts. Some of these risks—like flood or earthquake coverage—can be added through endorsements. We’ll help you understand your policy’s exclusions and suggest any additional protections you might need.
Yes! Many insurers offer multi-policy discounts when you bundle your home and auto insurance. Bundling not only saves money but also simplifies your coverage under one provider. Our brokers can compare bundled quotes from multiple insurers to find the best value for you.
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