Pay as little as $12/month
for your town house insurance

Core covers

The most common town house insurance covers are listed below. For each of these covers, we’ll help you determine what limit of insurance is right for you.

• Personal property: Protects all the “moveable” property you own except some types of specialty property for which you can buy additional coverage. More information on specialty property is provided to the right.
• Additional living expenses: Protects against increases in living expenses you incur because your condo can’t be lived in. This could be as a result of damage to your condo from an insured loss, or an order to evacuate your condo due to a sudden and accidental event.
• Personal and premises liability: Protects you against amounts you are legally responsible to pay because you unintentionally injure someone else or damage their property.
• Condo property damage assessments: Protects against amounts you are assessed for loss or damage to common property when your condo or strata corporation’s insurance is insufficient.
• Condo property deductible assessments: Protects against amounts you are assessed to offset an insurance deductible your condo or strata corporation has to pay due to loss or damage to common property.
• Condo liability damage assessments: Protects against amounts you are assessed for unintentional bodily injury or property damage arising from the condo or strata corporation’s ownership of common property when your condo or strata corporation’s insurance insufficient.

Specialty property covers

Traditional town house insurance policies include $6,000 of coverage for fur coats. Don’t own any furs? With Square One, you choose what specialty property you want to insure so you only pay for what you need. Choose from the following categories of specialty property:

• Business property
• China, silverware and furs
• Fine arts and collectibles
• Jewellery
• Musical instruments
• Pets and pet-related property
• Sporting equipment
• Watercraft

Optional covers

You may also want to add the following optional covers to your Square One town house insurance policy:

• Improvements, fixtures and glass: Protects any upgrades made to the interior of your condo after your unit was originally built, whether made by you or a previous owner. Also covers any fixtures and glass in your unit not insured by your condo or strata corporation.
• Legal protection: Provides access to legal advice, assistance and cost coverage for many common legal disputes.
• Identity theft and financial loss: Protects against financial losses you suffer because your identity was stolen.

Deductibles

Select the deductibles that fit your individual risk profile and budget. The higher the deductible you select, the lower the premium you pay on your town house insurance.

• Standard policy deductible: This deductible applies to all types of losses unless otherwise noted below. Depending on eligibility, standard deductible options range from $500 to $5,000.
• Earthquake deductible: You get to choose from a few different earthquake deductible options. The options are based on a percentage of the total limit of property covers under your condo insurance policy.
• Glass breakage deductible: For a small premium, you can reduce or eliminate the deductible for loss or damage to glass that forms part of your condo.

Loss types

With Square One, you get a comprehensive policy. That means you’re protected against all types of losses unless they are specifically excluded. For example, loss or damage due to floods, acts of terrorism, and war are excluded from virtually all policies. (Flood insurance is not available in Canada; instead, the provincial and federal governments offer disaster financial assistance programs.)

Where other providers require you to specifically add and pay extra for critical protection you need, we include it automatically. For example, your Square One town house insurance policy automatically includes:

• Broad water damage insurance;
• Earthquake insurance;
• Hail and wind insurance; and,
• Sewer backup insurance.

For complete details on what is and isn’t covered under your town house insurance policy, please refer to your policy wordings or speak with one of our licensed agents by calling 1.855.331.6933.