Flood coverage that customers love and trust
Square One Insurance Services offers some of the best home insurance coverage in North America. In fact, most policies include water, water backup and inland flood protection. An overview of the inland flood protection is provided below.
At Square One Insurance Services, you can get home insurance designed to cover certain types of flooding. We’re actually one of the few providers that offer this type of coverage. And best of all, our policies start from as little as $12/month. Continue reading to learn why Square One is right for you.
Don't just take our word for it. Here are some of the reviews that contribute to our average rating of 4.7 stars out of 5. Want to read more? Visit our reviews page.
I love how you can customize your coverage! We didn't need some of the insanely high coverage that other insurance companies provide solely based on the home value. This allowed us to reduce our annual insurance costs by $350 and we now have the coverage we actually desire!
Needed tenant insurance for my new place by the end of the day, and really couldn't afford to take on another bill. My car insurance company quoted me $40, Square One did it for $14 and emailed proof of insurance to my landlord in a matter of minutes. Couldn't have been better or easier.
I spent all morning contacting agencies and insurance providers to get a reasonable tenant's insurance quote. I was getting egregious quotes. I stumbled upon Square One and filed an application for a quote. I was stunned so I called to ensure I could actually get the price I was quoted for. Though I was put on hold, the wait time was very short and I was periodically updated on my position in line. I spoke with David Horgan and he was super helpful! He answered all my questions and worked with me patiently!
Knowledgeable and helpful staff, great efficient website... I appreciate the coverage options and the ease of changing policy coverages as the situation changes. Square One is a company designed for the way people do business today.
Every time I’ve needed to change my policy they do it so quickly for me and so easily. They set it up online and I just review it! Also, I had a claim one time and they were so nice and helpful and paid out the claim ASAP! Recommend these guys to friends always.
If I had known getting tenant's insurance could be so straightforward, affordable, and quick, I would have switched from my old insurer months ago. The specialist I spoke with, David Horgan, was super friendly and nice to talk to. He also was very knowledgable and patiently answered all my questions, and helped my girlfriend and I find the best policy for our needs. He was never pushy and never tried to up-sell me on anything. Overall a great experience and a better insurance policy than my old one for 2/3 of the cost. Thanks Dave, and thanks Square One!
I obtained a quote online from Square One and found the process very easy. The premiums quoted were about 50% lower than what I was paying with my previous insurance company. Getting the new plan setup was a breeze. Loved saving money and going through a hassle-free experience.
We just renewed our insurance in less than 10 minutes! Square One makes it easy to understand what's in the policy we choose, how it affects the monthly premium, and what the exclusions are. Their materials are clear, easy to click through and select, and changes we made from last year's policy to this year's are clearly summarized. Love it! Highly recommend using!
Swati is amazing! We've been experiencing drastic hikes to our home policy over the last few years (with no claims) which is why I reached out to Square One. Swati not only made the process of getting a quote simple, but she was able to offer us better coverage for less than half of what our current policy wants us to renew at. She made the entire process a breeze which is not what one would expect when looking for a new home insurance policy. I wish I would have found out about Square One years ago. Thank you!
The whole process was so easy and straightforward. I was treated like a valued customer, not a potential liability. And their commitment to not using jargon is real! I feel 100% confident in my understanding of my policy: what is covered, what is not, how and when to make a claim (knock on wood I don’t have to). AND it's almost half the cost of my previous insurance policy. Would and will recommend to all my loved ones!
Learn how you’re protected
with Square One
When you buy home insurance that includes flood from us, the experience is straightforward from quote to claim. Learn more below about the coverages, deductibles, protection and claim service offered by Square One. You can also download sample policy wordings.
Home insurance coverage
Before reviewing your coverage and deductible options, it’s important you know that Square One offers a comprehensive policy. That means it insures against all types of loss except for what’s specifically excluded. The most common exclusions include war, terrorism and coastal flood. And, our policy automatically includes earthquake protection.
There are certain core coverages automatically included in your policy. For example, if you own a house and it is your primary residence, the core coverages include:
- Personal property
- Additional living expenses
- Personal and premises liability
Specialty property coverages
You choose what specialty property, if any, you want to insure. That way, you only pay for what you need. The most common types of specialty property insured are:
- Bicycles and sporting equipment and watercraft
- Fine arts and collectibles
- Jewellery and watches
As with specialty property, you choose what optional coverages, if any, you want to add to your policy. Some examples of commonly purchased optional coverages include:
- Detached structures, fences and landscaping
- Identity theft and financial loss
- Legal protection
A deductible is the amount you must pay before your policy will respond for an insured loss. All policies have at least one deductible. In some cases, different deductibles may apply depending on the type of loss.
You’ll usually have the option of choosing from a range of deductible amounts. Select the deductible amount that best fits your individual risk profile and budget.
ready for an online quote? Policies start at $12/month if you rent your home and $40/month if you own your home. To see how much you can save with Square One, get a personalized online quote now.
Flood insurance coverage
Historically, home insurance policies in Canada did not cover loss or damage caused by flooding; instead, you would have to rely on Disaster Financial Assistance programs from individual provincial governments. If your home insurance provider still doesn’t offer flood protection, you should shop around. Some providers now offer flood protection.
At Square One, most of our home insurance policies now automatically cover loss or damage caused by inland flood. We define inland flood as the covering of dry land by freshwater or wastewater, as well as any resulting Water Backup, that has escaped or been released from the normal confines of a lake, river, stream, natural watercourse, reservoir, canal or dam; or is generated by snowmelt or rainfall.
Inland flood protection is automatically included in most policies. About 5% of customers are not eligible for inland flood protection because their homes are located in areas with an extreme flood risk. These customers need to rely on Disaster Financial Assistance provided by the government. During the quote process, you’ll learn if you’re eligible for inland flood protection.
Under Square One’s policy, all losses are subject to a deductible. The deductible is the amount that you must pay before the policy will respond. For inland flood related losses, the deductible ranges from $500 to $10,000. By selecting a higher deductible, you might be able to reduce your monthly premiums.
If you’re eligible for inland flood protection, it is automatically included in your monthly premium. The additional amount paid for this protection depends on the following:
- Whether you own or rent your home.
- The type of home you live in.
- The location of your home.
- The limits and deductibles you select.
That said, protection will start at $2/month for those renting their homes or those who own a condo. For those who own a house, protection will start at $4/month.
Square One’s policy does not cover damage caused by:
- coastal flood, ground water or rising of the water table; or
- gradual, continuous or repeated seepage, condensation, or leakage of water or steam over a period of time.
Coastal flood is the covering of dry land by seawater, including seawater caused by high tides, sea waves, changes in sea levels or storm surge.
Making a claim. You buy insurance for peace-of-mind, so if you do need to make a claim we believe it should be simple and stress-free. That's why all Square One customers are protected by our commitment to handling claims fairly:
Six reasons why you'll
love Square One
4.7 out of 5. That’s how customers rate Square One Insurance Services after writing 19,423 reviews. And with an A+ rating from the Better Business Bureau, people clearly love the way we’re changing home insurance.
With Square One, you can get a quote, buy a policy and even submit a claim – all online, from the comfort of your own home. Quotes and policies are managed through your online account, but if you need help, expert assistance from one of our licensed insurance agents is just a webchat or phone call away.
All policies from Square One represent the highest level of protection currently available in Canada. We make it easy for you to protect your home against common perils (such as water damage and theft) and we even cover the costs of rebuilding your home to meet the latest bylaw or code changes.
Guaranteed building replacement coverage
Get the peace of mind you deserve. Simply insure your home to Square One’s suggested limit and, if you experience a loss, we’ll rebuild your home, even if the cost of doing so exceeds your limit of insurance.
All policies protect most common personal property items including laptops, smartphones and furniture. If you own specialty property (such as bicycles or fine arts) you can also add coverage to your policy. That way, you only pay to insure what you actually own.
Need to make a claim?
Making a claim with Square One is easy. In fact, most of the process can be done online. You’ll get your own dedicated adjuster to work with you from start to finish to make sure you’re back on your feet in no time. And, Square One pays out on 90% of all claims submitted in Canada.
Interest-free monthly payments
We’re confident you’ll love our service and stay with us. That’s why we don’t lock you into a contract. With us, you can pay monthly or annually and there’s no fixed-term contract. You can also change your payment preferences through your online account.