Home Insurance Plan*

Buying a home is an emotional purchase, as well as a financial investment. Whether it is a house or condominium, it is the single largest and most important purchase we will make in our lives.

And we continue to invest our hard-earned money in our home improvements. Over the past two years, over 9-million Canadians renovated their residences, improving the comforts of home while increasing their home’s value.

Our Home Insurance Plan* Coverage

Home insurance protects our major investment. Our Home Insurance plan* is competitive and includes exceptional claims service to credit union members. The plan includes coverage on  your:

• Home
• Detached private structures and outbuildings such as garages
• Personal property and home contents
• Additional living expenses

In the event you make a claim, in addition to your living expenses or contents, we cover the current replacement cost of your property - there are no depreciation assessments - subject to the deductable.

Our Home Insurance plan* recognizes the improvements and contents you have lovingly invested in your home and the realistic cost to repair your home or replace your personal property after theft, damage or disaster. See our chart in our Home Insurance Plan Overview* section for our special limits of coverage.

Protecting Your Home:

Home means a lot of different things to us. Our Home Insurance plan* protects you where you live, including:

• House
• Condominium
• Apartment

Our Home Insurance plan* also gives you optional features which cover your:

• Revenue Properties
• Seasonal Properties
• Valuable personal articles, such as jewellery, furs and cameras
• Outboard motors and boats
• Earthquake coverage

Home Insurance Plan* Discounts

With our Home Insurance plan*, you receive:

• Neighbourhood Watch area discount
• Mortgage-free discount
• New home discount for homes less than 12 years old
• Alarm discount with a centrally monitored burglar alarm
• Claim-free discount if you've been claim-free for three years
• Discount if you are 55 or over
• Up to 10 per cent additional discount maximum when you combine our Auto Insurance and Home Insurance plans*

Our Home Insurance plan* gives you a caring claims team that is waiting to help you with your claim 24 hours a day, seven days a week, anywhere in North America.  Over 40,000 credit union members across Canada trust us to protect their homes and investments.

Claims Guarantee(12 KB) 

Our Home Insurance plan* is part of our comprehensive portfolio of insurance, retirement and wealth management services. We have been providing exceptional insurance programs to credit union members since 1937. We have total assets exceeding $665-million and more than $16-billion of life coverage.

Trust us; we will be here if you need us.

Home Insurance Plan* Overview

Homeowner Policy*

This policy protects your principal residence and includes these features:

• Our home owner policy, which applies to:
  • Dwelling building
  • Detached private structures including outbuildings
  • Personal property and contents
  • Additional living expenses
• Replacement cost on building, outbuilding and personal property and contents and is included in both our standard and comprehensive plans

Condominium Policy*

This policy protects your condominium, when you live in the unit as your principal residence, and includes these features:

• Our condominium policy, which applies to:
  • Personal property and contents
  • Additional living expenses
  • Improvements and betterments (coverage extension)
  • Loss assessments (coverage extension)
  • Contingent Insurance (coverage extension)
• Replacement cost on personal property and contents and is included in both our standard and comprehensive plans

Tenant Policy - For Your Rented Home*

This policy protects your rented house or apartment, when you live there as your principal residence, and includes these features:

• Our tenant policy, which applies to:
  • Personal property and contents - as you specify in your plan
  • Additional living expenses
  • Tenants improvements and betterments (coverage extension)
• Replacement cost on personal property and contents is included in both our standard and comprehensive plans

Revenue Properties Policy*

This policy provides coverage to you when you rent your house or condominium to others and includes these features:

• Standard coverage limited to perils specified in your policy
• Replacement cost coverage on your house or condominium
• Actual cash value on the contents of your house or condominium

Seasonal Properties Policy*

This policy protects your seasonal residence you enjoy for personal use and includes these features:

• Standard coverage limited to perils specified in your policy
• Replacement cost coverage on your seasonal property
• Actual cash value on the contents of your seasonal property

Standard and Comprehensive Compensation Chart(69 KB) 

Interested?

Before you buy home insurance, call us for a quote and learn more about our competitive policy features and our best-in-the-industry claims customer service team. We make sense of insurance.

Call our Customer Contact Centre: 1(800) 810-2847
Monday to Friday from 8:00 a.m. to 8:00 p.m. Eastern Time
e-mail cumis@hbgrpins.com.

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