Sonnet Insurance has Ontario homeowners covered
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Home is where the heart is. Whether it’s your first house in Toronto, your forever home in Mississauga, or your vacation place in Muskoka – make sure you have the protection you need.
Get customized coverage, in language you can understand, at a competitive price – and do it all online. We’ve changed renters insurance for the better, so you can worry less and live more.
The average Torontonian can get house insurance for around the same price as dinner and wine for two from a local restaurant.
Monthly home insurance for a Mississauga family costs about as much as a day trip to the Toronto Zoo.
An Ottawa homeowner can expect their house insurance to cost less than a family phone plan with unlimited talk, text and data.
Yes, you can cover your vacation property with a separate
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.
Whether it’s a house or a condo, buying a new property is a big investment. But, it’s more than a piece of property, it’s your home. That’s why it’s important for every home and condo owner to buy property insurance in Canada. Without property insurance, you’d be responsible for covering the cost if something were to happen to your home or its contents.
Plus, if you have a mortgage on your house or condo, your lender will also likely require you to have home insurance coverage.
Depending on where you live, additional coverages are available to add on for certain events that aren’t covered by a standard home policy. These coverages are hail, sewer back up, overland water and earthquake. All of these coverages can be added when making your quote.
Already purchased? You can add on these coverages at any time through your account.
It’s a whole lot of math and statistics. Basically, we look at a complex set of factors that determine your rate. For instance:
- Where your home is located
- Home structure, age, heating equipment, etc.
- Size of your home
- Number of past claims
- Information about you (age, etc.)
Well, it depends. If there are no more than two renters, you’re allowed to rent part of your house out under your Homeowners Policy. You’re also covered if you have one additional unit within your home that’s rented to one family only.
If you’re renting out a property separate from your home our Landlord Policy will make sure you’re covered if there’s any damage to items that belong to you and the property. Things like major appliances, fixtures or tools (a lawn mower or snow shovel are a couple of examples). If you live in your home, but you have more tenants than our Homeowners Policy allows for, you can purchase our Landlord Policy in addition, to cover you and your home adequately.
Average monthly premiums for home insurance in Ontario are based on current Sonnet policies as of February 2021, with assumptions made to determine demographic groups.