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Identity theft insurance

Have you ever had your wallet stolen? Or had mail go missing from your mailbox? If so, you could be a victim of identity theft. Thieves can get your personal information in many ways:

  • Stealing utility bills from your mailbox.
  • Listening while you give your credit card number over the phone in a public place.
  • Photographing your bank card while you’re shopping or using an ATM.
  • Taking documents such as passports or tax returns during a break-in at your house.
  • Digging through garbage cans or dumpsters, looking for cancelled cheques or bank statements.

Unfortunately, there are many, many more ways to have your identity stolen. To be properly protected, look for a home insurance policy that lets you add coverage for identity theft. To learn more about identity theft insurance, review the information provided below.

Does home insurance cover identity theft?

In recent years, many home insurance providers have started offering some type of identity theft protection. It is most often available as an optional coverage to a specified amount, which can be added to your policy for an additional charge. At Square One, our home insurance policies let you add identity theft insurance coverage to your policy for as little as $1.67/month.

What does identity theft insurance cover?

Identity theft insurance can cover losses due to:

  • Theft or illegal access to your identity or credit;
  • Theft or unauthorized use of your credit or debit cards;
  • Fraudulent transfer or removal of funds from bank accounts;
  • Forgery or alteration of cheques, drafts or other negotiable instruments; and,
  • Your acceptance, in good faith, of counterfeit paper currency.

Make sure when purchasing identity theft insurance that it also covers reasonable expenses to resolve credit issues, not just the cost of the purchases made on your credit card. These expenses include legal costs to clear your name, to reconstruct credit data or remove criminal records, to rectify consumer credit reports, and to defend against lawsuits or rectify civil judgments made against you. And if you need to take time off work to deal with identity theft matters, you can get coverage for your lost wages.

At Square One, you can add between $10,000 and $50,000 of identity theft coverage to your home insurance policy.

How much does identity theft insurance cost?

The cost to buy identity theft insurance is insignificant compared to the costs you can face without it. The cost varies depending upon the amount of coverage you purchase.

At Square One, $10,000 of identity theft insurance costs as little as $1.67/month.

What is the deductible for identity theft?

The deductible will likely be the same as the base deductible on your policy. Remember you can usually increase your deductible, in order to reduce your premium.
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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.

Better bang for your buck.

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!

Sep 24, 2020
Courtney C. Cochrane, AB
Easiest thing ever.

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.

Sep 16, 2020
Ashley S. Edmonton, AB
Quoted at half the price of every other provider!

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!

Aug 18, 2020
Camille B. Toronto, ON
Insurance for the times.

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.

Aug 8, 2020
Joseph P. Toronto, ON
Always so fast, easy, and affordable.

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.

Jul 23, 2020
Meghan W. Surrey, BC
Top-notch service.

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!

Jun 27, 2020
David M. Ottawa, ON
Affordable plan and easy process.

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.

Jun 13, 2020
Mohsin H. Whitby, ON
Easy, quick, clear.

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!

May 20, 2020
Heike L. Victoria, BC
Amazing quote service.

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!

May 7, 2020
Danielle L. Edmonton, AB
Easiest experience ever with an insurance provider.

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!

Apr 22, 2020
Sarah O. Dresden, ON
you're in good company
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