Home insurance in British Columbia: Quote & buy online today
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Own a home in BC? Make sure you’re covered
Whether it’s your first property in
Why do I need insurance for my house in BC?
Your house is one of the biggest purchases you’ll make. The cost of buying a property is going up in BC – and with that, the cost to repair or rebuild if something happens. For example, in BC, the average amount of flooding-related
What does home insurance in British Columbia cover?
Here are some of the main coverages you can find under a standard BC home insurance policy. Don’t forget, property policies can differ between insurance companies in BC. When you’re getting your home insurance quote online, take time to review your coverages carefully. Always make sure you have the right insurance
Standard home insurance coverages
Protect yourself and the people in your home in case you’re sued. You’re covered if someone gets hurt while visiting or for damage you may unintentionally cause, whether the damage happens in BC or elsewhere.
If something happens to your home, we’ll help pay to repair or rebuild it. Also, because your home isn’t just four walls, we also cover things like your detached garage and shed.
Often called contents insurance, this protects anything you own that you could pack in a bag or put in a moving truck. Contents insurance in BC covers things like your clothing, jewellery, electronics and furniture. These are covered while they’re on your property or temporarily removed (like when you’re travelling to work or out of the country).
In case something happens and you can’t live in your home – you’re covered while your house is being repaired. Choose to stay in a hotel or with friends and family, we’ll help cover your extra living expenses either way. Renting out part of your home at the time of loss? You’ll also be covered for your net rental income until your tenants can move back in.
Additional home insurance coverages
This coverage can help in some smelly situations. If water backs up or escapes into your home through a sewer, sump, septic tank or flood drain, this will cover you for the damage caused. Coverage offered depends on eligibility (typically based on where your home is located in BC).
You’re covered for damage to your home caused by fresh water, such as excessive rain, spring run-off and melting snow, coming in a ground level through windows and doors. Coverage offered depends on eligibility (typically based on where your home is located in BC).
In Canada, British Columbia is most at risk of experiencing an earthquake. This protection covers you for loss or damage arising directly or indirectly from an earthquake. You’re also covered if the earthquake shock results in snowslide, landslide or other earth movements that cause damage to your property. (Keep in mind, deductibles work differently for earthquake events. Be sure to understand how they are applied.)
This covers you and anyone else on your policy in case your identity is stolen. We’ll reimburse you for legal fees as well as certain other costs, up to a limit. These could include lost wages if you have to take time off work to sort it out, and payment for services that help you restore your identity.
How much does home insurance cost in British Columbia?
In BC, insurance companies consider many different factors to determine your home insurance rate. These include things like how much coverage you need, the building type and location of your home and your claims history. Here are some examples of the average price of Sonnet insurance for a house in BC:
$122/month avg.
You can get home insurance for less than what most Vancouverites spend on an average date night for two.
$119/month avg.
The price of a nice dinner and wine for two can cover the cost of home insurance in Surrey.
More ways to save in British Columbia
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Tangerine
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Questions about home insurance in BC? We've got your back
Insuring your home should be simple. We’ve made
If you’re renting out part of your home, you may still be eligible for coverage under a Sonnet home insurance policy, as long as there are no more than two roomers or boarders, or one family unit. However, this depends on the specific details of your situation, so it’s important to review your policy or contact us directly.
If you're renting out a separate property or a unit that isn't part of your primary residence, you'll need a Landlord Policy. This type of insurance is designed to protect you in case of damage to items you own within the rental property — such as major appliances, fixtures, or tools (like a lawn mower or snow shovel, for example).
Additional coverages are available for certain events that aren’t covered by a standard home policy. For customers in BC, optional coverages like sewer backup, overland water, and earthquake protection are available. You can easily add any of these to your policy when getting a quote.
Already purchased? You can add on these coverages at any time through your account.
No, home insurance is not legally required in BC, but it’s in your best interest to have it. Whether it’s a house or a condo, buying a new property is a big investment. It’s more than a piece of property, it’s your home. Without home insurance, you’d be responsible for covering the cost if something were to happen to your home or your stuff, you’d have to pay out of pocket for covering the cost.
Plus, if you have a mortgage on your house or condo, your lender will also likely require you to have home insurance coverage.
During home insurance calculation, insurance companies look at a complex set of factors. These will determine the likelihood of you making a claim – and how much a claim could cost. The higher the likelihood is, the higher your premium will be.
Factors that can affect your home insurance premium include:
- Where your home is located
Based on your postal code, an insurer can find out how many claims are made in that area – and why they happen. For example, if your area has frequent windstorms, there could be more frequent claims for damage. This could cause your home premium to be higher than that of a house in an area that doesn’t have windstorms very often. - Home age and condition
The older the building, the higher the likelihood of a claim. That’s because things like old wiring (fuses, for example) are a bigger risk for fire. And, old plumbing increases your risk of claims due to sudden leaks or burst pipes. - Heating equipment
If your home is heated with oil (like it is in many rural areas), your premium could be higher. Oil tank leaks increase risk of damage and environmental hazards. Wood stoves are also a common source of house fires, so they could raise your payments, too. - Proximity to fire support
If your home is close to a fire station and fire hydrants – like in an urban area – your premium could be lower than a home in a rural location, where travel distance is longer. - Number of past claims
The longer you’ve been claims free, the lower your premium will be. If you’ve had a claim in the last year, you can expect your premium to go up at renewal. - How you use your home
Do you rent out rooms or a basement unit in your house? Factors like this may also impact your premium since they can increase damage and liability risks.
Yes! When it comes to your home insurance costs, where you live can make a big difference. Across Canada, in every neighbourhood there are different types of properties and events, like weather that could affect those properties. Insurance companies are constantly reviewing these factors to better estimate the impact on your home insurance premium, including any claims that you could experience. So for example, if you live in an area that experiences
- Proximity to a fire station or fire hydrant
- Crime rates
- Traffic patterns
- Distance to other buildings
To see how much your home insurance premium will cost where you live, get a quote with Sonnet. It only takes a few minutes!
Yes, you can cover your vacation property with a separate home insurance policy. Your vacation home must be located in Canada.
If you’re not at your second home during the winter, there are a few things you’ll need to do to protect your home. Drain the plumbing system and close the water inlet to keep the pipes from freezing and bursting. If your vacation home has central heating, set the thermostat low enough to conserve energy but high enough to keep pipes from bursting. Burst pipes due to freezing isn’t covered under your vacation home coverage if you’ve been away from the property for more than 14 days and haven’t had anyone checking on it.
The cost of home insurance varies across the country. Several things can influence the cost of your home insurance with claims being one of the factors. It depends on how likely it is that you'll have to make a claim – and how much that claim will cost.
Here are some of the things your insurer looks at when determining your premium:
- The age, location, and construction of your home
- The type of home you have (single family, townhome, condo)
- Your home’s value
- How often severe weather events (like hail or wildfire) happen in your area
- Any safety measures you have installed (like smoke detectors, etc.)
- The coverages you have, including add-ons
- Your claims history
Getting a quote is the fastest and easiest way to find out how much you could be paying for home insurance in Canada. With Sonnet, you can do it in just a few minutes! Get an online quote today.
In general no, your age doesn’t affect your home insurance premium. When it comes to home insurance, it’s the age of the structure or building being insured that impacts your premium – not so much the age of the person buying the policy. The fact is older homes often come with more risk. They can be more prone to fire, problems with older HVAC, roofing and plumbing, and a whole lot more – which means you’ll probably be paying more for your home insurance.
No. Sonnet doesn’t cover short-term rentals through any home sharing service, including Airbnb and Vrbo. This applies to all our property policies (homeowners, condo, and landlord). Under the terms of our renters insurance, tenants aren’t allowed to offer short-term rentals of their apartment or house – or a room in their unit – through one of these networks.
Want to know more about how Sonnet covers long-term rentals? Check out our