Home insurance in Quebec

The first step is to take stock of what you have in order to determine what type of coverage you need. Make an inventory of your personal belongings so you can calculate the value of your contents. Take note of any particularly valuable items, such as jewelry or expensive wines.

From there, you can choose your coverage. And this is where working with a home insurance broker comes in handy as they’ll help you make the right decision. 

The big required coverages should protect you from:

• Fire
• Water
• Hail & wind
• Theft 
• Vandalism

Next, you should collect at least 3 home insurance quotes. Shop around to find the best price. Then, finalize your purchase and set up a payment plan.

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Damn straight!

We offer residential property insurance to homeowners all over Quebec. Being a broker means we’re not tied to one insurance company. We can shop the market and score you the best deal. 

Here are some home insurers we can place you with:

• Intact 
• Economical
• L’Unique

Being a broker also means we collect 20% commission off the policy price.

Get your Quebec home insured today. 

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Frankly, this type of insurance is designed for the wealthy. It applies to homes worth more than $1 million in rebuilding costs. 

KBD offers high value home insurance in Quebec through Intact Insurance’s custom coverage, known as Intact Prestige.

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Call or go online to get in touch with direct insurance companies or brokers. We suggest gathering at least 3 quotes before finalizing any policy.

Make sure to give each company the exact same information about your home. If you give two companies two different numbers for, let’s say, your home’s reconstruction value, your two quotes won’t be comparable.

Here are some companies you can get a home insurance quote from:

• KBD (Providers include Intact, Economical, and l’Unique)
• Desjardins 
• Belair
• La Capitale

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Yes! Damages caused by a tornado are automatically covered as part of the standard Quebec home insurance policy.

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The amount of home insurance you need is based on the following:

• Square footage (of the home, not the land)
• How many bathrooms?
• Siding material: Brick, aluminum, wood, or stone
• And some others

Run the most accurate numbers you can by your insurance company, and they’ll determine how much home insurance you need in terms of reconstruction cost.

Get your home insured today. 

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Yes, people that work at home can extend their home insurance to reach work-related items. And you don’t need to sign up for a whole new policy. We can add on a commercial general liability (CGL) as well as business contents extension to almost any home insurance policy.

This policy is designed to cover liability and the business contents you have at home. 

What we can’t do is offer professional liability insurance on a house insurance policy. If you offer a service, professional liability would cover things such as your clients’ financial loss resulting from your mistakes. This “home based business” add-on is not designed to cover your entire business operation you happen to be running out of your basement rather than an office space.

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Not required, but highly recommended.

You might be tempted to give up your home insurance once you’ve finished paying your mortgage and your bank no longer requires it. Plus, unlike car insurance, there’s no law forcing you to carry a policy for your house.

Still, your home is more than likely the most expensive (and most cherished) asset you own. You should continue to protect it even when you’re no longer required. If you really want to cut on insurance costs, consider increasing your deductible and reducing coverage. 

Get your home insured today. 

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A standard Quebec residential insurance policy can be broken into 5 sections:

Liability: Protects you if you cause bodily injury or property damage to a third party. 

Dwelling: Insurance for the home itself; the building.

Personal property: Coverage for your stuff; furniture, appliances, expensive items.

Detached private structures: If you own a shed or a detached garage.

Additional living expenses: In the event of a claim, pays for costs that are OVER AND ABOVE your day-to-day costs.

Get home insurance today. 

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No. Mold is an exclusion on all Quebec home insurance policies.

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That depends.

It comes down to insurable interest; do you have money tied up in the asset, and will you suffer financial loss if something happens to it?

If you do, you’re likely to be able to insure the home.

If you don’t live in the home — it’s rented or vacant — but it’s in your name, you can insure it.

If you don’t live in the home AND it’s not in your name, you may not insure that property.

Get your home insurance today. 

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We sure do. People that have paid off their mortgage are eligible for a discount between 5-15%.

The best part? At KBD, we really don’t know why that is! All the residential insurance companies we work with do it, including Intact, Economical, and L’Unique. And honestly, we don’t understand it.

We suggest you don’t bother finding out why, and just take the win.

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Quebec residents should carry the following coverage on their policy:

• Above ground water (Entering through the roof)
• Overland water (Flooding; about 90% of Quebec residents are eligible. Check your updated flood maps.)
• Ground water & sewer backup (Entering through the foundation or water backing up from sewers)

It’s important to note that in all cases, the damage has to be sudden and accidental for your insurance to cover it. A crack behind the wall that’s invisible to the naked eye that exposes a slow drip and creates mold over years? Unfortunately, not covered.

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Assuming water coverage exists on your policy, you should call your insurance company’s 24/7 claims centre as soon as possible.

Once you discover the damage, you have two options, depending on the urgency of the situation.

1. In cases where you need immediate help to mitigate damage to your home, you should call an emergency clean-up crew right away. Keep the bill and give it to your insurance company so they can reimburse you.
2. If the damage is less time sensitive, call your home insurance company first. They’ll arrange for a claims adjuster to visit your home and assess the damage. Then, if necessary, the claims adjuster will coordinate an appointment with a general contractor to repair the damage.

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Here are some discounts you may qualify for:

• Retired discount
• Home & car bundle discount
• Occupational discount
• Claims free discount
• Mortgage free discount
• Good credit score discount

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We’re proud to say it is.

Quebec is the province with the lowest average home insurance cost in all of Canada. The same applies for car insurance.

Vive la belle province!

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That’s an impossible question to answer because it’s subjective.

What might be the ‘best’ home insurance for one person may not be the best for someone else.

According to a J.D. Power 2018 study, The Personal was rated highest in overall customer satisfaction in Quebec. La Capitale placed second and Intact placed third.

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Give KBD a call.

We offer vacant home insurance mainly through Intact. Be prepared to pay a premium 50-100% higher than a standard home insurance policy — and don’t expect to be covered for water damage.

Why? Vacant homes are easy targets. Both for water-related home damage and for theft or vandalism.

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You bet!

Insurance companies follow the data. And the data says that, assuming identical conditions, younger people cost more to them than do older people. So your insurance costs reflect that.

As an example, a 60 year old will pay roughly 15-20% lower premiums than a 30 year old on the identical policy. The joys of getting older!

Let’s get your home insured. 

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Unlike car insurance, there’s no law forcing you to carry a policy for your home.

However, you won’t be able to get a mortgage with a major Canadian financial institution without one. A bank will typically require you to carry at least as much insurance as the value of your mortgage.

You’ll also need home insurance to get a line of credit wherein you’re using your home as collateral.

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Home insurance replacement cost is a method of determining how much an insurance company will pay out to cover a lost or damaged item.

According to IRMI, a risk management and insurance research firm, home insurance replacement cost is:

“The cost to replace the damaged property with materials of like kind and quality, without any deduction for depreciation. In other words, if your 2 year old TV gets stolen, the insurance company will give you a brand new TV as your indemnity, not another 2 year old TV.”

Not a bad deal.

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If it wasn’t, home insurance wouldn’t exist!

Of course, it always depends on the situation. We always say you should pay for smaller accidents out of pocket, as long as your financial situation allows for it.

Keep in mind that any time you make a claim, you have to pay the deductible. So if you’re submitting an $800 claim and you have to pay the first $500, is that worth it?

Since all claims stay on your record for a period of 5 years and will cause your premiums to go up, you should aim to make as few claims as possible.

Part of being a homeowner includes maintenance costs throughout the year. You shouldn’t use your insurance policy as your renovation budget.

Need home insurance in Quebec?

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