Content insurance, also known as renters or tenant insurance, is crucial for protecting personal belongings within rented properties in Canada. Top content insurance companies in Canada include Intact Insurance, TD Insurance, Aviva, and Desjardins. Intact Insurance offers customizable policies, while TD Insurance offers cost-effective yet comprehensive coverage options. Aviva is known for innovative solutions and customer satisfaction, while Desjardins is known for excellent customer service and extensive coverage options.
- 1. Property Insurance
- 2. Best Property Insurance Companies of Canada
- 3. Intact Group – Canada
- 4. Desjardins – Canada
- 5. The Co-operators – Canada
- 6. Industrial Alliance – Canada
- 7. Portage Mutual Insurance – Canada
- 8. Wawanesa Mutual Insurance Company – Canada
- 9. TD Insurance Group – Canada
- 10 RSA – Canada
- 11. Economical Group – Canada
- 12. La Capitale – Canada
- 13. FAQs – Property Insurance Canada
When choosing a content insurance provider in Canada, consider factors such as coverage limits, deductible options, and additional perks offered by each company. Reading customer reviews and comparing quotes can help make an informed decision based on your unique needs and budget. It is advisable to check for the latest reviews and updates to ensure you choose the best content insurance company in Canada for your circumstances.
1. Property Insurance
For owners of residences, rental properties, or business buildings, property insurance is an essential financial safety net that protects against dangers like fire, theft, and natural catastrophes. Coverage for the building, personal property, liabilities, and supplemental living expenditures are important elements. If the property becomes unusable, this insurance guarantees payment for repairs, replacements, medical expenses, and interim housing. Although it offers comfort, it necessitates a comprehensive examination of the policy details to match with unique property and budgetary requirements, taking into account local laws and regulations.
1.1 Need for Property Insurance
For Canadian homeowners, landlords, and companies, property insurance is essential because it offers vital financial protection against a range of dangers, including theft, fire, vandalism, and natural disasters. This insurance, which is necessary for mortgage approval, protects both buildings and personal property.
It is comprehensive in nature, providing peace of mind and assisting in the healing process following unanticipated catastrophes. It also includes liability protection and coverage for additional living expenses. Property insurance is a wise investment that provides financial protection in the event of unforeseen catastrophes and natural disasters, even if it is not legally required for homeowners.
2. Best Property Insurance Companies of Canada
Top 10 insurance companies of Canada are following,
- Intact Group
- Desjardins
- The Co-operators
- Industrial Alliance
- Portage Mutual Insurance
- Wawanesa Mutual Insurance Company
- TD Insurance Group
- RSA Group
- Economical Group
- La Capitale
3. Intact Group – Canada
3.1 Company Overview –Intact Group Canada
Intact Financial Corporation is a Canadian multinational property and casualty insurance company, established in 1809 as the Halifax Fire Insurance Association. It underwrites insurance through subsidiaries Intact Insurance and Belair Insurance, as well as additional brokerage, insurance service, and damage restoration subsidiaries.
As of 2017, Intact was the largest provider of property and casualty insurance in Canada by annual premiums. With over 16,000 employees, the company insures over five million individuals and businesses.
| Industry | Insurance |
| Founded | 1809; 214 years ago |
| Headquarters | Intact Centre, Toronto, Ontario Canada |
| Products | Property and casualty insurance, insurance brokerage |
3.2 Products & Services – Intact Group Canada
Property insurance incldues,
- Commercial property
It includes following coverages,
- Enhanced coverage
- Business interruption
- Earthquake
- Flood
- Sewer back-up
- EDGE Complete
- Mobile property
- Equipment breakdown
- Crime
- Commercial Drone
- Commercial property
3.3 Contact Details – Intact Group Canada
You can contact company through,
| Phone Number | 1-800-662-0156 |
| Address | 605 Highway 169 N, Plymouth, MN 55441 |
| customer.experience.intact@intact.net. | |
| Official Website | https://www.intactfc.com |
4. Desjardins – Canada
4.1 Company Overview – Desjardins Canada
The Desjardins Group, founded in 1900 by Alphonse Desjardins, is the largest federation of credit unions in North America. It consists of 293 local credit unions serving over seven million members and clients. The group also operates over twenty subsidiaries in insurance, real estate, venture capital, and brokerage. Desjardins is active in over 30 developing countries through technical assistance programs and investments.
| Industry | Financial services |
| Founded | 6 December 1900 in Lévis, Quebec |
| Headquarters | Lévis, Quebec, Canada |
| Products | Checking Accounts Insurance Stock brokerage Investment Bank Asset-based lending Consumer finance |
4.2 Products & Services –Desjardins Canada
Property insurance includes the following providing different coverages,
- House
- Cottage
- Apartment
- Condo
4.4 Contact Details – Desjardins Canada
You can contact company through,
| Phone Number | 1-800-361-5121. |
| Address | 6300, boulevard Guillaume-Couture Lévis (Québec) G6V 6P9 |
| Contact Us Form | https://pservices.desjardins.com/apps/contact/index. html#/withus/infos;n=oberlin.duval.ghomsi;e=1;t=4 |
| Official Website | https://www.desjardins.com/ |
5. The Co-operators – Canada
5.1 Company Overview – The Co-operators Canada
Co-operators provides auto, home, and travel insurance services. In addition to financial goods and real estate development, Co-operators offers group insurance, agricultural insurance, business insurance, life insurance, vehicle insurance, and house insurance. In addition to hospital and medical coverage insurance, they also provide travel-related insurance products, car replacement, and accidental death and dismemberment insurance.
| Industries | Auto Insurance Health Insurance Insurance Property Insurance |
| Founded Date | 1934 |
5.2 Product & Services – The Co-operators Canada
Your property’s repair expenses are covered in the event of damage with Co-operators home insurance. For homeowners, it pays for both the price of reconstructing a property and the expenditures associated with moving while it is being rebuilt. In contrast, condo insurance provides coverage for shared spaces. Personal responsibility is covered by all forms of house insurance. This implies that in the event that someone gets hurt on your land, you are covered. In the absence of this, you could have to foot the bill for compensation.
If you own your own house, you may get an even more extensive package of protection by getting enhanced home insurance. You have the option to buy either enhanced condo insurance or enhanced homeowner insurance. It increases the limitations on liability compensation and adds more coverage.
- Replacement costs for home and contents
- Inflation protection
- Building Ordinance
- Additional living expenses
5.3 Contact Details – The Co-operators Canada
You can contact company through,
| Phone Number | 1‑877‑545‑2667 |
| Address | 130 Macdonell Street Guelph, ON N1H 6P8 |
| Client Service Support | |
| Official Website | https://www.cooperators.ca/ |
6. Industrial Alliance – Canada
6.1 Company Overview – Industrial Allliance Canada
Enhanced home insurance can provide you with an even wider range of protection if you are a home owner. Either enhanced homeowner’s insurance or condo insurance is an option available to you. It offers greater coverage and tightens the restrictions on liability compensation.
| Industry | Financial services, Insurance |
| Founded | 1892 |
| Founder | Hormidas Laporte and Bernard Leonard |
| Headquarters | 1080 Grande Allée Ouest Quebec City, Quebec G1K 7M3 Canada |
| Products | Individual insurance, individual wealth management, group insurance, group savings and retirement, dealer services, general insurance (auto and home) |
6.2 Products & Services – Industrial Allliance Canada
6.3 Contact Details – Industrial Allliance Canada
You can contact company through,
| Phone Number | 1-877-422-6487 |
| Address | 1080 Grand Allee West Post Office Box 1907 Station Terminus Quebec City, QC G1K 7M3 Canada |
| serviceclient@industrielleallianceauto.com. | |
| Official Website | https://ia.ca/contact-us |
7. Portage Mutual Insurance – Canada
7.1 Company Overview – Portage Mutual Insurance Canada
Being a mutual with 100% Canadian ownership is something that Portage Mutual Insurance Company is proud of. Since its founding in 1884, the business has been able to sustain itself on its own.
| Founded | 1884 |
| Headquarters | Portage la Prairie, Manitoba |
| Canadian Mkt. Share* | 0.36% (2022) |
| Insurance Products | Agriculture, Auto, Condo, Contractors, Disaster Planning, Home Business, Office, Realty, Residential, Retailers, Tenant Package, & Personal Property Inventory Insurance. |
7.2 Products & Services – Portage Mutual Insurance Canada
Portage Mutual Insurance Company built a big part of its business on protecting your home and personal property.
- Property liability insurance
- Voluntary medical payments and property damage coverage
- Swimming pool coverage
- Coverage for fire department fees
- Personal possession coverage
- Frozen food protection
- Arson conviction incentives
7.3 Contact Details –Portage Mutual Insurance Canada
You can contact company through,
| Phone Number | 1-800-567-7721 |
| Address | 749 Saskatchewan Ave E PO Box 340 Stn Main Portage la Prairie MB R1N 3B8 Canada |
| mb@portagemutual.com | |
| Official Website | https://www.portagemutual.com |
8. Wawanesa Mutual Insurance Company – Canada
8.1 Company Overview – Wawanesa Home Insurance Canada
Wawanesa Mutual Insurance Company, founded in 1896, was initially established in Winnipeg, Manitoba, to provide insurance protection to struggling farmers. After the Great Depression, it expanded to serve all Canadian provinces. In 1974, Wawanesa became the first Canadian insurance company to enter the U.S. market, opening an office in San Diego. They later expanded into Oregon, offering auto and home insurance in California and Oregon. Wawanesa sells personal insurance products directly, targeting safe drivers with clean driving records, offering lower rates.
8.2 Products & Services – Wawanesa Home Insurance Canada
The acquisition of a property is the most frequent reason for a new policy since mortgage lenders demand that coverage be in place prior to authorizing funds to complete the transaction. Before looking into your insurance alternatives, be sure your coverage satisfies your lender’s needs by reading over their instructions.
Plans that encompass buildings (home, garage, sheds), contents, and loss of use are Basic, Broad, and Comprehensive. There are options for additional coverage in every plan.
8.3 Contact Details – Wawanesa Home Insurance Canada
You can contact company through,
| Phone Number | 1-800-268-7300 |
| Address | 301-121 Charles Street West Kitchener, Ontario N2G 1H6 |
| insure.us@wawanesa.com | |
| Official Website | https://www.wawanesa.com |
9. TD Insurance Group – Canada
9.1 Company Overview – TD Insurance Canada
Toronto-Dominion Bank, also known as TD Bank Group, is a Canadian multinational banking and financial services corporation headquartered in Toronto. Established in 1955, it is one of two Big Five banks in Canada. TD Bank Group is the largest bank in Canada by total assets and market capitalization, a top-10 bank in North America, and the 23rd largest bank globally. With over 89,000 employees and 26 million clients worldwide, the bank operates through its TD Canada Trust division and TD Bank, N.A. in the United States.
| Industry | Financial services |
| Predecessors | Bank of Toronto The Dominion Bank Canada Trust |
| Founded | February 1, 1955; 68 years ago |
| Headquarters | Toronto-Dominion Centre Toronto, Ontario, Canada |
9.2 Products & Services – TD Insurance Canada
Even more security for your family, your house, and your personal belongings is provided with Enhanced Home Coverage.
- Family coverage
- Eco-efficient rebuild
- Claim forgiveness
- Enhanced limitations
9.3 Contact Details – TD Insurance Canada
You can contact company through,
| Phone Number | 1-866-361-2311 |
| Address | 2990, Pierre-Peladeau Suite/Unit – 200 Laval, Quebec H7T 0B1 |
| customer.service@td.com | |
| Official Website | https://www.td.com |
10 RSA – Canada
10.1 Company Overview – RSA Canada
London, England serves as the headquarters of RSA Insurance Group Limited, a British global general insurance firm that also went by the names RSA, Royal and Sun Alliance, and RSA Insurance Group plc. Major activities for RSA are located in Scandinavia, Canada, the United Kingdom, and Ireland. Through a network of local partners, it offers insurance products and services in more than 100 countries. Nine million people use it. In 1996, Sun Alliance and Royal Insurance merged to establish RSA.
Up to its acquisition by Canadian company Intact Financial Corporation and Danish insurer Tryg in May 2021, RSA was traded on the London Stock Exchange. On June 1, 2021, the acquisition was completed.
10.2 Product & Services – RSA Canada
They offer comprehensive insurance solutions for businesses in all commercial property sectors, from small residential portfolios to multinational real estate clients, ensuring fair and prompt claim handling.
- Residential properties
- Real estate
- Properties insurance e-traded
- Property insurance
- Property owners’ insurance
- Risk managed property
10.3 Contact Details – RSA Canada
You can contact company through,
| Phone Number | 1-800-268-8406 |
| Address | 700 University Ave., Suite 1500A Toronto, Ontario M5G 0A1 |
| Official Website | https://www.rsagroup.ca |
11. Economical Group – Canada
11.1 Company Overview – Economical Group Canada
Economical Insurance, founded in 1871, is a Canadian Property & Casualty insurance company offering various insurance products. With a 4.02% market share and 1.6 billion in mutual policyholder’s equity, it is the 9th largest insurance company in Canada by direct written premium and 20th largest by total assets. The company owns several subsidiaries, including Economical Mutual Insurance Company, Perth Insurance Company, Waterloo Insurance Company, The Missisquoi Insurance Company, and Federation Insurance Company of Canada.
| Industry | mutual insurance |
| Founded | November 25, 1871; 152 years ago Kitchener, Ontario, Canada |
| Founders | A group of Kitchener people |
| Headquarters | Waterloo, Ontario, Canada |
11.2 Products & Services – Economical Group Canada
Property insurance includes,
- House
- Cottage
- Condo
- Tenant
- Landlord
Among the coverages provided are:
1. Property (your home)
2. Higher living expenditures
3. Injuries to further parties
4. Contents (what you own)
5. Sheds and detached structures
6. Household companies
7. Identity Theft
8. Trailers, boats, and other things.
11.3 Contact Details – Economical Group Canada
You can contact company through,
| Phone Number | 1-800-265-2180 |
| Address | Economical Insurance 111 Westmount Road South, P.O. Box 2000, Waterloo, ON N2J 4S4 |
| accessibility@economical.com | |
| Official Website | https://www.economical.com |
- La Capitale – Canada
12. La Capitale – Canada
12.1 Company Overview – La Capitale Canada
La Capitale Financial Group Inc. was a Canadian business that provided insurance products and financial services in Quebec, Canada.[1] The company was headquartered in Quebec City and mainly active in Quebec, though extending its services into Ontario since 2008.[2] With more than 900 institutions and 600,000 members of staff, La Capitale General Insurance ranked among the largest insurers in Quebec. It merged with SSQ Insurance in 2022 to become Beneva.
| Founded | 1940 |
| Defunct | 2020 |
| Fate | Merged with SSQ Insurance |
| Successor | Beneva |
| Headquarters | Quebec City, Quebec Canada |
12.2 Product & Services – La Capitale Canada
Following main property insurance are offered having different coverages in every category,
- Homeowners
- Car and home: bundle and save
- Tenants
- Condo owners
- Landlords
12.3 Contact Details – La Capitale Canada
You can contact company through,
| Phone Number | 1 855 747-7712 |
| Address | 625 rue Jacques-Parizeau Québec, QC, G1R 2G5 Canada |
| Official Website | https://www.lacapitale.com/ |
13. FAQs – Property Insurance Canada
14. Conclusion – Property Insurance Canda
Property insurance in Canada is crucial for homeowners and tenants to protect their property and personal belongings from unforeseen events. Understanding policy details is essential for informed decisions. The insurance landscape varies based on location, property type, and individual preferences. Residents should assess their needs and consult with insurance professionals for tailored policies. Proactive measures like maintaining a secure home, adopting risk mitigation strategies, and reviewing coverage regularly contribute to cost-effective protection.
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