Etobicoke Home Insurance

While crime rates in Etobicoke are generally low, especially in neighbourhoods like New Toronto and Kingsway South, other areas are more susceptible to break-ins and vandalism. Higher-crime areas like West Humber-Clairville may be subject to higher insurance rates.

Which Etobicoke neighbourhood you live in can dictate insurance rates. More expensive neighbourhoods like Edenbridge-Humber Valley and Forest South Hill, for instance, may subject homeowners to higher insurance rates, while homes in cheaper neighbourhoods like Rexdale-Kipling and Mimico-Queensway come with cheaper premiums.

The closer you live to Etobicoke Creek or Humber River, the more susceptible your home will be to overland flooding and sewer backup. The likelihood of your Etobicoke home being affected by floods and water damage can increase your premiums.

48.3% of properties in Etobicoke are single-detached houses, while 39.3% of properties are apartments in buildings with five or more stories. Only 4.5% of Etobicoke properties are row houses. 

67.4% of Etobicoke residents own their properties, while 32.6% rent them.

Most Etobicoke homes were built between 1961 and 1980 (48%), followed by homes built before the 1960s (29.7%). By comparison, only 3.2% of homes were built between 2016 and 2021.

Most Etobicoke homes are well-maintained, with 94.3% needing only regular maintenance and minimal repairs. 5.7% of homes require major repairs and replacements.

If your home was damaged due to criminal activity, it won’t be covered by your insurance policy.

Generally, home insurance companies require specific coverage for homeowners/landlords who plan to rent out their properties. A standard home insurance policy won’t include coverage if you rent your home out and the tenant causes damage.

Most policies exclude this risk, but you can cover earthquake losses and damage as an add-on to a standard policy.

Damage or losses caused by poor home upkeep (e.g., clogged storm drains, broken bannisters) won’t be covered, as your insurer deems it your responsibility to manage wear and tear.

Flooding is typically not covered by a standard policy, but it may be included as an add-on.

Home businesses will need separate home-based business insurance to cover home or equipment damage.

Because this is considered a preventable risk, most insurers don’t cover insect damage.

These are separate expenses handled by policy owners as they’re unrelated to your home insurance policy.

Mould caused by poor home maintenance is typically excluded by home insurance policies. Note that this is separate from mould caused by an insured peril, which will be covered by your policy.

Many insurers may void your insurance if you leave your home vacant for a prolonged period.