You decide what to insure

Traditional home insurance policies were designed in the ’70s for people living in the ’70s—think tube tvs and record players. So much has changed since then, but most home insurance policies have not.

These insurance policies include “special limits” on certain types of specialty property, many of which you may not own. For example, many of these policies provide too much protection for china, silverware and furs and not enough for computers, cameras and cell phones. When was the last time you heard of someone’s china collection being stolen?

Try asking your current insurance provider to remove the automatic coverage for furs or silverware. You’ll probably be told it’s included for “free”. In reality, most insurance providers just aren’t set up to adjust to your individual needs.

With Square One, you decide what to insure. We offer blanket protection for your most common personal property, including clothing, electronics and other household goods. And, if you need it, we also offer specific protection for the following specialty property:

  • Bicycles and sporting equipment
  • Business property
  • China, silverware and furs
  • Fine arts, collectibles and oriental rugs
  • Jewellery and watches
  • Musical instruments
  • Pets and pet-related property
  • Watercraft

With Square One, you’re not paying for protection you don’t need.

You decide how much to insure

Real estate prices in many Canadian cities have never been higher. In fact, the Canadian Real Estate Association indicates 1 in 5 homes in Vancouver sell for over $1 million and the percentage of homes in Toronto selling for over $1 million has doubled.

It’s probably fair to say we’re all living a little house poor.

Traditional policies still use the value of your home to determine the coverage you get. For example, if your home would cost $500,000 to rebuild in the event of a total loss, then most traditional policies automatically provide:

What if you don’t have a detached garage and only need $150,000 in personal property? Then, you’re paying for $250,000 of protection that you just don’t need.

Square One provides coverage that makes sense. You select the limits of insurance that meet your needs and fit your budget.