Your home is more than a building-it's where life happens. Learn what coverage includes, what affects eligibility and price, and how to choose the right protection for your situation.
Your home and belongings are among your biggest investments. A serious loss-like fire, water damage, or theft-can be financially devastating without the right protection. Most lenders require proof of insurance to fund a mortgage, and many landlords require tenants' insurance for liability and contents.
At L.D. Dermody Insurance Brokers (1982) Inc., we make home insurance straightforward. Our licensed advisors help you compare options and find a policy that balances coverage and cost.
Ask us about seasonal homes, rental dwellings (landlord packages), or unique situations.
The best way to get an accurate quote is to speak with a knowledgeable advisor. We'll ask a short series of questions about your home, contents, and risk factors, then explain coverage differences-so you're confident in what you're buying.
Have ready: address, year built, updates (roof/wiring/plumbing/heating), occupancy/use, prior claims, mortgage/lender details (if applicable), and an estimate of your contents.
Newer copper wiring is preferred. Older knob‑and‑tube or aluminum wiring can increase fire risk. Some insurers require replacement or an inspection (e.g., Ontario Electrical Safety Authority). Where coverage is available, premiums may be higher and policies more restrictive.
Breakers are preferred to fuses. A minimum of 100‑amp service is typical; lower service can increase fire risk.
Copper or approved plastics (e.g., PEX) are preferred. Older galvanized/lead piping is more prone to leaks and failures and may affect eligibility or price.
Older tanks may rust and burst. Many insurers prefer tanks under ~25 years. Tankless systems are often viewed favourably.
Forced‑air natural gas/propane/electric systems generally pose lower risk, especially if ≤ 20 years old. Oil heat requires extra underwriting; tanks typically must be ≤ 24 years old and in good condition (corrosion can occur from the inside out).
Must be WETT‑certified (properly installed and maintained) due to fire and carbon‑monoxide risk.
Insurers generally prefer roofs updated within the last ~20 years, depending on material.
Please tell us about rental suites, short‑term rentals, home businesses, major renovations, or structural changes-these can change coverage needs and eligibility.
Some communities have an approved Superior Tanker Shuttle Service discount. Water‑damage risk and local claim history can impact availability/limits for certain coverages (e.g., sewer backup).
Options may include sewer backup, overland water, and groundwater/sump (where available). Availability and limits depend on address and local risk.
Higher limits or special coverage for valuables like jewellery, bicycles, art, instruments, or collectibles.
Helps with sudden mechanical/electrical breakdown of home systems and major appliances (exclusions and sub‑limits apply).
Underground utilities on your property (e.g., water, sewer, power) can often be insured for certain failures.
May reimburse certain costs associated with restoring your identity (conditions/limits apply).
Adjusting limits or deductibles can help balance premium and protection. We'll help you choose based on your risk tolerance and budget.
