High Risk Home Insurance Ontario

Many standard insurers will not insure homes with active knob and tube wiring due to fire risk. A high-risk or non-standard home insurance policy is often the only way to get coverage.

Typically, the incidents that placed you in the high-risk category (like claims or non-payment) stay on your record for a set number of years. After a period of clean history, you may start shopping with standard home insurance companies again to find better insurance rates.

Yes. You could choose a higher deductible, which lowers your premium. You may also make improvements that reduce your home’s risk, such as updating your roof, furnace, or electrical systems, and inform your insurance company of these upgrades.

A home is typically considered “unoccupied” if you are away for a short, defined period (like a vacation) but intend to return. A vacant home is one where there is no occupant and no intention to return soon, which presents a much greater risk for insurers due to potential vandalism or undetected minor issues.

Yes, insurance companies in Canada use shared databases to view your insurance claims history. This is why a history of multiple claims might make it difficult to get standard insurance from different providers.

Yes, a history of non-payment is a common reason homeowners are considered high risk, but you can still find coverage. You’d often be required to pay a larger portion of the premium upfront.