Is home insurance mandatory in Ontario?

The short answer is no. In Ontario, home insurance isn’t required by law. In general, though, it’s highly recommended. If something happens to your property – like a fire, windstorm, or hail damage – house insurance is there to repair or replace it.

If you don’t have property insurance and the worst happens, you’re on the hook for paying out of pocket to repair or even replace your home and other detached structures (like a garage). A home policy also provides coverage for your personal belongings. And, it covers liability in case you’re sued for causing damage to someone’s property, or if you accidentally injure someone. And what if you can’t stay in your house (because of a fire, for example)? With home insurance, you’re provided with a place to stay and cash for extra expenses (like food).

Don’t forget – if you have a mortgage, your lender will almost certainly require you to have home insurance.

Have more questions about home insurance? We’re always happy to help! Get in touch with us via chat or email. We’ll be able to answer your questions about coverage, billing, and more.