Insurance for Homeowners in British Columbia

Every home is unique. So is the insurance that goes with it.

Happy family standing in front of their home in British Columbia, covered by reliable home insurance offered by InsureBC.

Home Insurance in British Columbia

A home is typically one’s biggest investment. Therefore, having comprehensive home insurance with proper limits to protect your home in the event of a loss is vital.

As one of BC’s largest insurance brokerages specializing in home insurance, we calculate the current rebuilding cost of your home using professional evaluation methods. These tools are based on costs obtained from contractors and appraisers, which then allow us to offer the most accurate home insurance policies in British Columbia. Whether you live in Vancouver, Victoria or a more remote area of BC, we’ve got you covered.

Policy Overview

Illustration of a house for Home Insurance in BC


From your beautiful hardwood floors to your granite counter tops and everything in between, your insurance policy is there to ensure that your home wil be rebuilt or fixed as it was in before the loss. The policy also provides coverage for things such as outhouses, garden sheds, patios, decks and garages.

Illustration of personal belongings in a house, representing the need for contents insurance

Personal Belongings

This part of the policy provides coverage for all of your personal belongings inside your home, such as furniture, appliances, electronics, books, clothing, etc. This also includes personal property temporarily held at other locations or inside your vehicle.

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Personal Liability

When a situation occurs that results in unintentional bodily injury or property damage to others arising form your actions, your insurance policy extends coverage to protect you against liability claims and lawsuits.

Illustration of additional living expenses coverage for home insurance in BC

Additional Living Expenses

If you have to temporarily relocate while your home is being repaired after a covered loss, this part of the policy will provide coverage for additional costs such as hotel, meals, storage costs and other living expenses.

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Optional Add-ons and Customizations


To cover any damage caused to your home as a direct result of an earthquake, you can add this coverage to your home insurance policy.

Water Protection

This coverage provides broader water damage protection for loss or damage caused by sewer backup, an overflowing appliance or overland flood from surface water or ground water. This coverage may not be available to all BC residents.

Other Customizations

In addition to a number of add-ons, our online home insurance policy provides a number of flexible customizations. You can set the limits that you want, schedule personal property, and more.

Coverage Details

Our online home insurance policy offers a comprehensive all-inclusive insurance offering specifically for our BC customers. It features a series of industry-leading coverages, elevated coverage limits, and it’s backed by superior, locally operated claims service. We have featured some of the key components of our online condo policy below.

Coverage Type

Amount of Coverage

From $250,000 to $1,200,000, Guaranteed Replacement Cost
Detached Private Structure
Up to 10% of Dwelling Limit
Personal Contents
Up to 70% of Dwelling Limit
Personal Liability
Up to $3,000,000
Identity Theft
Up to $15,000
Sewer Backup
Up to Dwelling Limit - If Eligible
Up to $3,000 Unscheduled
Jewelry, Watches, Gems
Up to $10,000 Unscheduled

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Tips & Tricks

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Build your claims-free discount

Most insurance carriers provide discounts to those who have gone several years without experiencing an insurance claim.

Pay annually

Paying annually for your premium typically offers savings over monthly financing.

Improve your home security

Make your property more secure with a monitored burglar alarm system. Many insurance carriers will offer you a home security discount as a result.

Frequently asked Questions

What should my home insurance deductible be?

Within your homeowners insurance policy, the deductible is the amount that you agree to pay out of your own pocket before the insurance company gets involved to pay the remaining balance of a covered claim, up to the limit you have purchased in your policy. Depending on the homeowners policy you purchase, your main policy deductible can range from $500 to $5,000. The deducible you select should reflect the amount of risk you are willing to take on yourself. Keep in mind, the higher your deductible, the lower your premium, and vice versa.

Does homeowners insurance cover a home business?

Most homeowners insurance policies do not automatically extend coverage for a business that is being run out of the home. That doesn’t mean it cannot be added, however. Contact one of our insurance advisors if you’re unsure whether your home-based business can be added to your homeowners insurance policy.

What type of coverage do I need?

The type of coverage you need is typically based on the value of the home you live in, and therefore want to insure. The insurance company considers every little thing required to rebuild your home to the same state it was, before experiencing the loss. This includes items such as the number of stories of the home, the area covered by the dwelling, the possible presence of a garage, and even down to the basement, whether it was fully finished or not. It’s important to remember that the value you insure your home for is not necessarily a reflection of the current market value of your home or how much you think you could get for your home if you were to sell it today.

Will my home insurance go up if I make a claim?

Depending on the nature of your loss, the premium you pay for your homeowners insurance policy the subsequent year may see an increase, but that’s not a guarantee. Depending on the type of policy you have, you may lose your claims-free status or you may lose your claims-free discount leading to a small increase in your policy premium. Other factors will also come into play, including inflation, the overall performance of your insurance carrier, and even claims-related data within the same period in your postal code.

How much should I be paying for home insurance in BC?

The cost of your homeowners insurance policy will depend on a number of factors and can differ greatly between insurance carriers. One of the main factors affecting your premium is the location of your home. All major insurance companies use your postal code to determine the frequency and severity of the claims reported in your neighborhood, and they will use it to determine the risk, and therefore set the rate accordingly. For example, if you live in an area with a high likelihood of break-ins or vandalism, your rate could be higher than what you would pay in an area where those things are rare. The same can be sent for areas prone to flooding, forest fires, etc. Other items that affect your premium are the age, structure and construction type of your home, as well as the heating system you use, the type (and age) of your electrical system and of course your insurance experience, and the various optional coverages you choose to add, such as coverage for Earthquake, overland flooding and others.

What does home insurance cover?

The basic coverages included in any homeowners policy are coverage for your home and its contents, as well as your personal liability, anywhere in the world. More specifically, for those who live in their homes year-round, your homeowners insurance will typically cover: The building (ie the dwelling) Detached Structures on the premises, like a garage, shed outhouse, etc The Personal Property you own, such as computers, books furniture, electronics, clothing, books, jewellery, etc Any trees and shrubs located outside and on the premises Your Additional living expenses, should you have to relocate as a result of a covered claim The loss of any rental income after making a claim, if applicable. Your homeowners insurance typically also covers the same things for your spouse and any relatives who are living with you in the same household. Keep in mind that you can typically customize your insurance policy to get the right type and amount of insurance for your specific needs, such as adding a high-end bicycle or an expensive piece of jewelry. It’s always good to keep your policy current and up to date with the value of the personal possessions of everyone on the policy to ensure you’re adequately covered.

Looking to File a Claim?

Our dedicated claims department is committed to making the claims process as smooth and stress-free as possible. Whether you need to file a claim for your home, vehicle, or business, we have the expertise to guide you through the process.

Illustration of filing a claim paperwork