Extensions of Coverage - Property Insurance

Unless otherwise indicated, these extensions of coverage are automatically included in your homeowners, condo or tenant insurance policy and are covered for the amount of insurance shown on your Certificate of Property Insurance.

Note: Please call 1-877-749-7224 for additional information on extensions of coverage.

Building Fixtures and Fittings (Homeowners Policy Only)

You may apply up to 10% of the amount of insurance on your dwelling to insure building fixtures and fittings temporarily removed from your premises for repair or seasonal storage.

By-Laws Coverage (Homeowners and Condo Policies Only)

This Coverage Feature only applies if you have Guaranteed Replacement Cost listed on your Certificate of Property Insurance or you have purchased the Building and By-law or Ordinance endorsement.

The insurance provided by the Dwelling/Building Coverage and Other Buildings Coverage of your policy is, without increasing the amount of insurance, extended for an amount not exceeding the limit specified for the By-Laws Form as stated on your Certificate of Property Insurance, to provide the following coverage at the location specified and only as a result of an insured peril:

  • Loss caused by the demolition of any undamaged portion of the buildings or structures, or
  • The cost of demolishing, and clearing the site of any undamaged portion of the buildings or structures, or
  • Any increase in the cost of repairing, replacing, constructing or reconstructing the buildings or structures on the same site or on an adjacent site, of like height, floor area and style, and for like occupancy, arising from the enforcement of the minimum requirements of any by-law, regulation, ordinance or law which:
    • regulates zoning or the demolition, repair or reconstruction of damaged buildings or structures; and
    • is in force at the time of such loss or damage.

You are not insured against the enforcement of any by-law, regulation, ordinance or law which:

  • Prohibits you from rebuilding or repairing on the same site or an adjacent site or prohibits continuance of like occupancy
  • Could apply in absence of a loss

The deductible applies to this Coverage Feature.

Change of Temperature

Personal property in your home, condo unit or rental is insured due to change in temperature resulting from damage to your home or its equipment caused by a specific insured peril listed in your policy, or accidental glass breakage.

Credit Card, Automated Teller Card, Forgery and Counterfeit Money Coverage

We will pay for up to $5,000 of your legal obligation to pay because of the theft or unauthorized use of credit cards issued to you or registered in your name provided you have complied with all of the conditions under which the card was issued. This includes:

  • Loss caused by the theft of your automated teller card provided you have complied with all of the conditions under which the card was issued
  • Loss to you caused by forgery or alteration of cheques, drafts or other negotiable instruments
  • Loss by your acceptance in good faith of counterfeit Canadian or United States paper currency

We do not cover loss caused by the use of your credit card or automated teller card by a resident of your household or by a person to whom the card has been entrusted.

This Coverage Feature is not subject to a deductible.

Debris Removal

We will pay the cost of removing from your premises the debris of property insured which results from loss or damage insured by your policy. If the amount payable for loss, including expense for debris removal, is greater than the amount of insurance, an additional 5% of that amount will be available to cover debris removal expense.

The deductible applies to this Coverage Feature.

Fire Department Charges

We will reimburse you for fire department charges incurred for attending your premises to save or protect insured property from loss or damage or further loss or damage, insured against by your policy.

This Coverage Feature is not subject to a deductible.

Frozen Food Protection

We will pay for loss or damage to food (up to the limits of your Contents Coverage) while contained in a freezer located on your premises caused by the accidental interruption of electrical power on or off the premises or by mechanical breakdown of the freezer. This coverage includes damage to the freezer when it is due to the insured food spoilage and also reasonable expenses incurred by you to save and preserve the food from spoilage while your freezer is being repaired.

We do not insure:

  • Loss from spoilage caused by the operation of an electrical circuit breaker or fuse or by accidental or intentional disconnection of the power supply in the building containing the freezer
  • Expenses incurred in the acquisition of frozen food

This Coverage Feature is not subject to a deductible.

Inflation Guard

As applicable, we will increase the limits of insurance stated on your Certificate of Property Insurance for your Dwelling/Building, Other Buildings, Contents and Additional Living Expenses Coverage by amounts which are solely attributable to the inflation increase since the inception date of your policy, the latest renewal or anniversary date or from the date of the most recent change to the amounts of insurance shown on the Certificate of Property Insurance, whichever is the latest.

On your renewal or anniversary date, we will automatically increase the amounts of insurance shown on the Certificate of Property Insurance under Section I by amounts which are solely attributable to the inflation increase since the inception date of your policy or the latest renewal or anniversary date.

Lock Replacement

If your exterior door keys are lost or stolen, your policy provides up to $500 to re-key your locks or to replace them if it is not possible to re-key them. You must notify us within 72 hours of the discovery of the keys being lost or stolen.

This Coverage Feature is not subject to a deductible.

Mortgage Rate Protector (Homeowners and Condo Policies Only)

Should your dwelling be rendered a total loss by an insured peril, your mortgagor may have the right to call in your mortgage loan, requiring you to arrange a new loan. If your new mortgage loan has a higher interest rate than the old one, we will pay:

  • The extra cost of your loan repayments on the balance of your outstanding mortgage, calculated as the difference between the old and the new payment amounts, each month until the maturity date of the original mortgage agreement; and
  • Legal fees you paid to obtain the new mortgage, but we will not pay for other costs such as judgments or service charges.

The payments provided by this Feature:

  • Are in addition to the amount of insurance shown for your Dwelling/Building on your Certificate of Property Insurance; and
  • Will end on the date you relinquish title to or your interest in your dwelling

Where found in this Feature, the words "total loss" mean that the total cost of insured loss or damage equals or exceeds the amount shown on the Certificate of Property Insurance.

This Coverage Feature is not subject to a deductible.

Outdoor Trees, Plants, Shrubs and Lawns (Homeowners Policy Only)

You may apply up to 5% in total of the amount of insurance on your dwelling to trees, plants, shrubs and lawns on your premises. We will not pay more than $1,000 for any one tree, plant or shrub, including debris removal expenses. We will not pay more than $1,000 for grass, including debris removal expenses. We insure these items against loss caused by fire, theft, lightning, explosion, impact by aircraft, watercraft, or land vehicle, riot, vandalism and malicious acts.

We do not insure items or lawns grown for commercial purposes.

Personal Records Stored in a Personal Computer

We will pay up to $3,000 for data recovery of personal records lost because of an insured peril. To the extent that data recovery of personal records is not possible, we will pay for data recreation.

The deductible applies to this Coverage Feature.

Property Removed

If you must remove insured property from your premises to protect it from loss or damage that is covered by your policy, it is insured by your policy for 90 consecutive days or until your policy term ends, whichever occurs first. The amount of insurance will be divided in the proportions that the value of the property removed bears to the value of all insured property at the time of loss.

The deductible applies to this Coverage Feature.

Reward Coverage

We will pay up to $1,000 to any individual or organization for information leading to the arrest and conviction of any person(s) who robs from any person insured under this policy or steals, vandalizes, burglarizes or commits arson to any insured property. Regardless of the number of persons providing information, payment will not exceed $1,000 in total.

This Coverage Feature is not subject to a deductible.

Tear Out (Homeowners and Condo Policies Only)

If any walls, ceilings or other parts of your insured buildings or structures must be torn apart before insured water damage can be repaired, we will pay the cost of such work and its restoration. The cost of tearing out and replacing property to repair damage to outdoor swimming pools, public watermains or sewers is not insured.

Note: The information above is a summary only and does not include all terms, conditions, limits and exclusions.