Personalized to your needs

Instead of purchasing insurance that you don’t need, you have the ability to insure only what you want to, saving you money. Square One helps you create a customized policy that fits your specific needs.

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
  • 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.

Home insurance for as little as $15/month

Square One home insurance policies start at $15/month, making them among the most affordable in all of Canada. With us, you won’t be asked irrelevant questions or offered unneeded protection when you get a quote. Instead, you get to choose what to insure so you only pay for what you need. Square One is the only home insurance provider in Canada that lets you personalize your policy to your needs. That means you get more relevant protection and save money.


Special limits that aren’t so special

The types of, and associated limits for, specialty property automatically included in most traditional home insurance policies are captured in the table to the right.

Probably the first thing you’ll notice is how out-dated this list is. Do you own gold bullion? Even if you do, is it something you keep at home? If you answered no to either question, the fact that traditional policies automatically include $5,000 for securities and bullion is going to be irrelevant to you.

On the other hand, you might be surprised to find that some common types of property, like electronics, are deemed by traditional policies to be specialty property and subject to limits. The $500 included for cell phones doesn’t even cover the cost to replace one smart phone.

At Square One, you personalize your policy to your individual needs. You automatically receive blanket coverage for electronics, among other things. You aren’t forced to buy – and, more importantly, you don’t pay for – protection on specialty property you don’t own.

At Square One, you choose which of your specialty property to insure. Ultimately, that saves you money.

Learn about specialty property types
Types of specialty property $ limit
Audio and video media 2,000
Bicycles* 1,000
Business property 2,000
Cameras 3,000
Cellular phones and other mobile devices 500
Collectible cards* 1,000
Coin collections* 200
Computers 5,000
Garden-type tractors 5,000
Jewellery, watches, gems, and furs* 6,000
Manuscripts and stamp collections* 1,000
Money including cash cards 500
Silverware* 6,000
Securities and bullion 5,000
Sporting equipment* 3,000
Watercraft 1,000

* Applies to theft, burglary, robbery or disappearance related losses.

Get a quote now and save on your home insurance

To see how much you can save on your home insurance, get an online quote now. Or, call 1.855.331.6933 for a phone quote. We're open [constant name="office-hours"], Monday to Saturday. It only takes 15 minutes to get a quote.

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