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Get a builder's risk insurance quote in 5 minutes.

Builder’s risk insurance for about $75/month

Typically, it’s more challenging to insure houses under construction. That’s not the case at Square One Insurance Services. We make it easy for you to properly insure your soon-to-be new home. In fact, your builder’s risk insurance policy with Square One includes guaranteed building replacement cost coverage and comprehensive protection. And best of all, our policies start at $75/month.

At Square One, we make it easy for you to properly insure your house while its being constructed. Our policy provides comprehensive protection. It can also cover reasonable and necessary increases in interest expenses and legal costs if you experiences construction delays as a result of insured loss or damage. Continue reading to learn why Square One is right for you.

Stopwatch

Protect all your favourite things

The policy provides blanket coverage for your common personal property. You can also add coverage for your specialty property. When you're happy, you can buy online with just a few clicks. Or, speak with an agent for extra peace-of-mind.

Price tag

Only pay for what you need

Most 'pre-packaged' policies automatically charge you to insure items like fine arts, porcelain ware and rare collectibles. Don’t own these items? You don’t pay to insure them with us. (But if you do, then we can help you insure them.)

Heart

Loved and trusted by customers

4.7 stars out of 5. That's how customers rate Square One after writing 10,005 reviews. Along with an A+ rating from the Better Business Bureau, it's clear people love the way we're changing home insurance. Click here to read some reviews.

Lock

Critical protection included

You don't want to be caught without the right coverage when the unexpected happens. Policies offered by Square One automatically protect against major types of loss, including: break-ins, burst pipes, earthquakes, fires, hail storms and water backups.

Lightning

Need to make a claim? That's easy!

It's traumatic enough when something you love is lost or damaged, so we make sure the claim process is simple and straightforward. We're on your side, guiding you through the process from start to finish. See below to find out how we make this happen.

Calendar

Pay monthly with no contract

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 manage your policy online at any time.

Learn how you’re protected with Square One

When you buy builder’s risk insurance from us, the experience is straightforward from claim to quote. Click on the tabs below to learn about the coverages, deductibles, protection and claim service offered by Square One. You can also download sample policy wordings.

House-related coverages

Your house is probably the largest asset you own. So, properly protecting it is really important. Our system will help you determine the estimated rebuild cost for your house, which will form the basis of your building limit. You’ll then have the option of insuring any detached structures on your property as well as landscaping, fences and gardening equipment.

  • Building: This coverage protects, on a guaranteed replacement cost basis, the main structure of your house as well as attached garages, swimming pools and hot tubs. It also protects, on an unlimited basis, additional costs due to building code changes.
  • Detached structures, fences and landscaping: This optional coverage protects any structures located on the property that are not attached to your house, including carriage homes, docks, garages, gazebos, workshops and sheds. It also protects all trees, shrubs, lawns, fences, retaining walls, rockeries, and anything else that improves your home's curb appeal. Note that patio furniture is considered personal property.

Personal property coverages

  • Personal property on premises: In most cases, you won't have a lot of personal or specialty property on premises when building a new home or undertaking a major renovation to an existing home. That said; you can insure any "moveable" property you own that will be kept on premises during the period of construction or renovation. This typically includes appliances and household goods.

    Please note that this does not protect any specialty property, which includes: bicycles, sporting equipment and watercraft; business property; fine arts and collectibles; jewellery and watches; and landlord's property. Once the home is ready for occupancy, you'll have a wider range of personal and specialty property options.

Other coverages

There are a few other coverages that are essential to any insurance policy, including:

  • Construction or renovation delay expense: This optional coverage protects against reasonable and necessary increases in living expenses, interest expenses and legal costs if your home experiences construction or renovation delays from an insured loss.
  • Personal and premises liability: Protects against amounts you are legally responsible to pay because you unintentionally injure someone or damage their property. Also protects against amounts you are legally responsible to pay for unintentional injury to someone or damage to their property arising from the ownership or use of your home.

Policy deductibles

A policy deductible is the amount you must pay before your policy will respond. The higher the deductible you select, the lower the premium you pay on your insurance.

Listed below are the various deductibles that may apply. It’s important to note that only one deductible applies per claim even if payments are made under multiple policy coverages. The type of loss will determine the deductible that applies.

  • Crime: This deductible applies to each insured loss resulting from vandalism, theft, burglary and mysterious disappearance. If this deductible applies, then you are often presented with a couple options.
  • Earthquake: This deductible applies to each insured loss resulting from an earthquake. While earthquakes don't happen often, they cause significant damage when they do. As such, earthquake deductibles tend to be higher than those for other types of loss. Depending on where you live, you may be presented with a couple options.
  • Inland flood: This deductible applies to each insured loss resulting from an inland flood. If this deductible applies, you may be presented with a couple options. Please note that not all areas are eligible for inland flood protection.
  • Water backup: This deductible applies to each insured loss resulting from the backup or escape of freshwater or wastewater from a sewer, storm drain, drain, sump, or septic tank. If this deductible applies, you may be presented with a couple options.
  • Wind and hail: This deductible applies to each insured loss resulting from a windstorm or hailstorm. If this deductible applies, you may be presented with a couple options.
  • Standard: This deductible applies to each insured loss not specifically mentioned earlier. For example, the earthquake deductible, not the standard deductible, applies to each insured loss resulting from an earthquake.

Comprehensive protection

At Square One, you get a comprehensive (or all-risk) policy. That means you're protected against all types of losses except for those types of loss specifically excluded in the policy. The most common policy exclusions include loss or damage due to coastal flood, terrorism and war. In the case of flood, some providers have started offering protection against inland flood. If your policy does not protect against flood, then you'll need to rely on disaster financial assistance programs offered by the government.

For complete details on what is and isn’t covered under your policy, please refer to your policy wordings or speak with one of our licensed agents by calling 1.855.331.6933. You can also download sample policy wordings by visiting the next tab.

Policy wordings

If you need a law degree to understand your insurance policy, something's wrong. At Square One, we're changing that with our modern, common sense approach.

To start, we've worked hard to write all policy documents in plain language. According to our customers, our policy documents are the easiest to read in the industry. Next, we personalize your policy documents to what you've bought. That means you'll know exactly what you've insured, the limits and deductibles you've selected, and the premiums you've paid. Finally, you'll understand what specific terms, conditions and exclusions apply.

If you'd like to review the policy wordings before you buy, please feel free to download the sample policy wordings. Please note that every effort is made to keep the sample wordings up-to-date, but your actual policy documents (and wordings) may differ. In cases where differences exist, your actual policy documents will prevail.

Download sample policy wordings

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:

  • 24/7 emergency claim line so we're there whenever you need us
  • For emergency claims you're guaranteed a response within 2 hours
  • For all claims, you'll work with a single claims adjuster
  • Quickly track each stage of your claim online
  • We guarantee that all claims are dealt with fairly, transparently and quickly
  • You're treated with respect and kept informed at every stage of your claim
  • Amazing!

    "I honestly never write reviews but this was the best experience I've had buying insurance or anything! Claire was very thorough, professional and even funny. Yes, funny! Nice to talk to someone who isn't like a robot. The services they offer are also very fair and we're more than happy. Highly recommend. "

    from Vancouver, BC provided a 5 out of 5 rating on Jun 12, 2019.

  • My Square One claim.

    "I would like to thank Shawn. He was such a great help during the entire process. This is my first ever insurance claim in my entire 12 plus years of home ownership. He provided good insight into the process and procedures. I'm thankful to have Shawn assist with my claim and walk me through this potentially stressful situation. The responses were prompt and professional. Truly appreciate the outstanding service. "

    from Vancouver, BC provided a 5 out of 5 rating on May 14, 2019.

  • Savings!

    "I came across Square One while searching for a new provider. My current provider decided to increase my premium to $600/year with no explanation. I am claims-free and nothing had changed. Their broker was also less than helpful. The process with Square One is so easy, absolutely anyone can do it. Not only am I saving the $600/year increase, but my policy is even $70 cheaper than what I was paying for the same coverage! I only wish I had found this company sooner! "

    from Merrickville, ON provided a 5 out of 5 rating on May 10, 2019.

  • Phew!

    "After many hours of research, frustration, pleading and angst, I found Square One and Armine. Most insurance providers have the same blanket policies and prices. Square One has the common sense to offer a personalized policy. You don't have to pay for more than you want, just what you need. And Armine is a credit to the company. Thank you very much. "

    from Little Rapids, ON provided a 5 out of 5 rating on May 7, 2019.

  • Best customer service I've ever received!

    "Admittedly I'm hard to impress and have high expectations for companies when trying to solve problems I'm experiencing. That said, after calling Square One, I was met with a professional who was able to efficiently communicate and address my needs without issue. Alan was fantastic to speak to and well informed about the services I could be offered, without any type of sales pitch which is usually the expectation for these calls. I can't speak highly enough about the interaction and it certainly kicked things off well. "

    from Toronto, ON provided a 5 out of 5 rating on Apr 22, 2019.

  • So simple and effective.

    "It's always a pain to take time out of your day to drop everything and sit on a phone for 20-30 minutes changing everything over. The online way of doing insurance is amazing and Square One does it the best. "

    from St Catharines, ON provided a 5 out of 5 rating on Apr 12, 2019.

  • Excellent customer care.

    "I recently made the switch to Square One last year. I'll be honest, I had my doubts. After being with my previous insurance company for over 15 years, I was worried because the price was much lower than I previously had been paying. When I had to make a claim, my adjuster (Garry) went above and beyond any customer service I had ever received before. He was patient and understanding of my situation and he truly did care. From the beginning of my claim right to the end, ... " Read more he took care of me and made sure I was well informed every step of the way. Any doubt I may have had is gone and I feel confident that if, in the future, I need to make a claim, I will be well taken care of. I feel safe knowing my home is insured with excellent coverage. I will be telling all my friends and family about Square One, not just for the savings but for the excellent customer care they will receive."

    from Brantford, ON provided a 5 out of 5 rating on Mar 20, 2019.

  • My claim experience.

    "The entire claims process was extremely easy to do online and the adjuster, Erick, was very helpful and professional. I was impressed with how fast everything was reviewed and approved. I even received an e-transfer of the funds so didn't have to wait for a cheque. I highly recommend Square One as an insurance provider. "

    from Burnaby, BC provided a 5 out of 5 rating on Feb 19, 2019.

  • Claim with Square One.

    "I was tired of high home insurance costs, so I decided to go online and search for more affordable insurance options in BC. In less than 5 minutes, I came across Square One. First, I was sceptical; it looked too good to be true, but I decided to give it a try. They customized the policy to my particular needs. I had been a customer for 2 years when somebody broke into our home. I phoned Square One right away and the adjuster helped us throughout the whole process of ... " Read more our claim. Erick, in particular, was very helpful and professional. I am very happy I switched to Square One as I received better treatment than I was expecting. Thank you very much!"

    from Richmond, BC provided a 5 out of 5 rating on Feb 8, 2019.

  • Great service and rates.

    "Great service. I called about the advertised $12/month tenant insurance. In two minutes, an agent was able to verify that I qualified, explain the policy, answer questions and issue the policy. For my living situation, this policy has a better rate and better conditions than three other companies I looked into. "

    from Toronto, ON provided a 5 out of 5 rating on Jan 30, 2019.

  • Customer service.

    "Thank you for helping me, Adnan. I experienced possibly the very best customer service ever. You took the time to explain the process very well and without any pressure. I just wanted to also say it's been a pleasure dealing with your company and you obviously take pride in your customer service! Best wishes to you and your team in 2019. "

    from Oakville, ON provided a 5 out of 5 rating on Jan 30, 2019.

  • Great customer service and great insurance coverage.

    "Thanks so very much to Angela for all her knowledge, great customer service, and patience in working with me and my mortgage company to provide the best insurance coverage for my new townhouse. "

    from Lake Oswego, OR provided a 5 out of 5 rating on Jan 11, 2019.

  • So easy.

    "Wow. When I found out I would need an insurance broker to cover the standalone rental property I was suddenly responsible for, I thought it was going to be a complicated process with a confusing salesperson talking so fast that I would just sign anything. But this was very easy and comprehensive and took 5 minutes. Thank you kindly! "

    from Nanaimo, BC provided a 5 out of 5 rating on Jan 2, 2019.

  • Review of Square One.

    "I very much appreciated the quality and simplicity of Square One Insurance Services. I compared several websites' offerings for renter's insurance and was very comfortable and impressed with the ease and thoroughness of their offerings. I was able to choose the coverages I needed and could ask questions on their site and get quick answers. I knew what the costs would be; they had the best prices by far! After submitting my quote request, I was contacted by Angela with ... " Read more one phone call. She was very knowledgeable and clear, very courteous without any pressure to buy more or something else I didn't need or request. This is the first time I have felt comfortable doing such a transaction online, and I would gladly recommend this site/company. Thank you, Square One."

    from Medford, ON provided a 5 out of 5 rating on Dec 19, 2018.

  • Best experience ever.

    "So fortunate to have found Square One online after researching local rates. Not even comparable, especially for minimalist type clients. When Adrian called to finalize my quote, he found there were extenuating circumstances and went out of his way to resolve them with the underwriters. So grateful, as I needed a policy for this rental. Thank you. "

    from Qualicum Beach, BC provided a 5 out of 5 rating on Oct 28, 2018.

  • Wade's customer review.

    "I am a retired Navy Chief Petty Officer and the true professional manner in which I was treated by Jessica with regards to updating my insurance in a timely manner so I could get the deal from Natura Villas was beyond reproach! I hope all employees at Square One are as complete, concise and have the attention to detail to perform their jobs as well as Jessica! I will inform all individuals at Luke Air Force Base if insurance is required, Square One is the place to call and ask for Jessica specifically! "

    from Peoria, AZ provided a 5 out of 5 rating on Oct 3, 2018.

  • Annual renewal and review.

    "Christa emailed and called for the updates with sufficient time to review and update our policy. She is professional, friendly and thorough. It is a pleasure to be reminded without pressure or confusion. We are happy to continue our coverage with Square One. "

    from Kingman, AZ provided a 5 out of 5 rating on Oct 2, 2018.

  • Christa.

    "At this time I am very satisfied with the services provided by Square One and their personnel. My special thanks to Christa for her professionalism and efficiency in resolving a recent issue with the receipt of my premium payment. Thank you and keep your beautiful and friendly smile. "

    from Tucson, AZ provided a 5 out of 5 rating on Sep 21, 2018.

  • Five stars.

    "Very professional people. Great policy, fair prices. We had the pleasure of working with Angela and she was absolutely amazing. Thanks. "

    from Casa Grande, AZ provided a 5 out of 5 rating on Aug 17, 2018.

  • Highly recommended!

    "I needed to get tenant insurance quickly and I had an amazing experience with Square One! I was able to speak to an agent, Kirsten, right away and she helped me find the right policy that fit my needs. It was such a simple, quick, and easy process. She was friendly, kind, and patient. Excellent customer service and I really can't recommend them highly enough! "

    from Toronto, ON provided a 5 out of 5 rating on Jun 29, 2018.

  • Purchasing my policy was a fantastic experience.

    "Over the course of a few weeks, I spoke with four different agents, who are not paid on commission, and the on-going service from one agent to the next was flawless. I was emailed an example policy to read so I could see if there were any areas of concern, or that needed some clarification. That was helpful and provided me with a few important questions to ask about my policy. To summarize, I had a great experience purchasing my policy and the service was second to none in my 55 years of experience. "

    from Timmins, ON provided a 5 out of 5 rating on Jun 21, 2018.

  • Quick and painless.

    "They knew everything they needed to know about my building and pre-filled it on the form, which was super helpful because some of the information that other providers ask for is not freely available. In addition to that, it was a competitive premium and there was transparency around the policy and the wordings. Overall, a positive experience! "

    from Toronto, ON provided a 5 out of 5 rating on Jun 14, 2018.

  • Above and beyond.

    "I’ve been impressed with the professional service I’ve received with every interaction I’ve had with everyone at Square One. We had some unique and rather challenging requirements for a recent policy and Square One has really come through for us. Thoughtful, kind, efficient, and personal service are the reasons I will recommend Square One to everyone I know. Arsalan, Chantelle, and Devon were standout in their service and dedication to getting it right! Thank you again! "

    from Surrey, BC provided a 5 out of 5 rating on Jun 5, 2018.

  • Excellent customer service.

    "I was looking for tenant Insurance and felt quite discouraged with the quotes I was getting. When I found Square One online, I decided to call. The agent I spoke to (Angelica) was very helpful and informative. I felt very comfortable with the way she relayed the information to me. I am overall very satisfied thus far that I have found the right policy for me. "

    from Toronto, ON provided a 5 out of 5 rating on May 28, 2018.

  • I felt I was talking to a friend at the end of my claim.

    "Kevin is a true pleasure to work with! He is very professional, effective, knowledgeable and most importantly, genuinely cares about his customer. This is the first claim I have ever made. He explained everything in great detail and answered all my questions with patience and even shared some tips on how to prevent this from happening again. I felt I was talking to a friend in the end. With Kevin's help, I replaced the laptop shortly after the claim was made, and the school work was not affected. Thank you, Kevin. You made a difference in my life! I'm glad I chose Square One. "

    from Vancouver, BC provided a 5 out of 5 rating on May 25, 2018.

  • New home policy.

    "I spoke with Trim regarding having a home insurance policy with Square One. Thank you, Trim, for your professionalism, patience, and guidance through the process. I made the decision to change my home insurance to them after learning that the insurance provider l have been dealing with for years was more than doubling my monthly premiums, even though l have never made any claims. With Square One, l will be paying half the monthly premium that l have been paying, and ... " Read more $38 per month less than what the other provider was wanting to charge for the coming year. l look forward to many years with Square One."

    from Hamilton, ON provided a 5 out of 5 rating on May 18, 2018.

  • Fast, friendly and easy to do!

    "I would just like to say that this is the second policy I purchase with Square One. Their customer service is amazing and they always have staff available to provide you with information about your policy. I strongly recommend them to anyone looking for coverage. "

    from Ottawa, ON provided a 5 out of 5 rating on May 8, 2018.

  • Thoroughly helpful and efficient.

    "Square One was easy to contact, thoroughly helpful and efficient in addressing our claim to our satisfaction. We were very pleased and comforted in knowing one of our dearest possessions was taken care of with so much respect and consideration for our loss. "

    from Vancouver, BC provided a 5 out of 5 rating on May 7, 2018.

  • You made it so easy!

    "I'm moving. Wasn't sure what would be involved. Cancel a policy and start all over? I was procrastinating but I finally called three days before my moving date and spoke with Daniel. He transferred my policy from one place to the other, reviewed my coverage with me, adjusted everything needed, told me everything I needed to know and answered all my questions. I even had a confirmation email before our conversation wrapped up. Thanks, Daniel! "

    from Surrey, BC provided a 5 out of 5 rating on May 1, 2018.

  • Excellent service.

    "I was very happy to do the review and policy update today. The agent made sure to fully inform me regarding the policy coverage and make sure all my questions were answered. Such great service, a great agent, great coverage, great company to deal with! Rate it all 10 out of 10! So simple, so easy and a good company to deal with and great, knowledgeable staff! Would fully recommend to anyone! "

    from Kitchener, ON provided a 5 out of 5 rating on Apr 30, 2018.

  • Professional, responsive and completely satisfactory.

    "As I filed my very first insurance claim, I was a bit skeptical and worried at the time. As I dealt with Square One, this predetermined notion was absolutely not warranted. Our adjuster Kevin was very professional and responsive to all of our questions and concerns in handling the claim. Thank you Square One! For those who are on the fence, I give my absolute satisfactory approval with them. They might not be the cheapest but they will deal with your claim most fairly. "

    from Coquitlam, BC provided a 5 out of 5 rating on Apr 30, 2018.

  • Wonderful experience!

    "I had just about given up on continuing any insurance after talking with my current agent and then to another agent who was now in a new office with a different company. When I called Square One, after discovering they are Canadian, local and provide what I seek, I am really pleased! This is a user-friendly organization. Thanks! "

    from Mill Bay, BC provided a 5 out of 5 rating on Apr 29, 2018.

  • A-plus customer loyalty.

    "Great price, great customer loyalty. My previous provider increased the premiums every year, no matter how long you've been with them. After one year with Square One, they reduced the premium on renewal. It was less than a $1 a month but every bit counts. A-plus. "

    from Toronto, ON provided a 5 out of 5 rating on Apr 29, 2018.

  • Thorough, easy and Andy was great!

    "Provides very thorough and clear information. Prices are very reasonable and the customer service was fabulous. I would recommend this insurance provider to everyone! Andy also provided all the information necessary very thoroughly and clearly. Andy was very patient with me, very helpful and answered all my questions! Also super nice with the compliments on my pets and very considerate of me being an expecting mother! Made my experience very pleasant. Thank you, Andy! "

    from Hamilton, ON provided a 5 out of 5 rating on Apr 27, 2018.

  • Excellent.

    "I contacted several insurance providers but Square One responded promptly. I was having a difficult time navigating through the policy that I almost gave up, so I stopped doing it. Right away, an agent called over the phone and guided me patiently through the process. I am elderly and hearing impaired so to be the recipient of kindness like this is awesome. Also, another agent was so kind and helpful and has that cheery voice that told me I could do it. Thanks. "

    from Mississauga, ON provided a 5 out of 5 rating on Apr 26, 2018.

  • This was so easy.

    "This was my first time buying a policy, and after hunting around, I chose Square One for both its affordability, simplicity, and clarity of its quote and buying process. It made understanding home insurance easy and left me feeling that I understand perfectly what I have bought. "

    from Ottawa, ON provided a 5 out of 5 rating on Apr 23, 2018.

  • Customer service.

    "The Square One agent who helped me open my policy was friendly, informed, and helpful. She walked me through each phase of the paperwork, patiently explained those aspects of the policy that were unfamiliar to me, and provided information that supported my decision making. Very professional and a delight to talk to. "

    from Tucson, AZ provided a 5 out of 5 rating on Apr 14, 2018.

  • Quicker to manage online.

    "I needed to organize landlord insurance for my condo. I approached a broker and looked online. Square One was able to give me an estimate that suited my needs in less than 10 minutes. The broker took days to get back to me and the policy offerings were not as comprehensive. Definitely recommend Square One. "

    from Calgary, AB provided a 5 out of 5 rating on Apr 3, 2018.

  • Perfect fit.

    "I like how accessible the different insurance options are. Every option or clause can be selected and customized. The online application and review process can be saved, edited and revisited when it's convenient. The web interface allows me to download the latest policy. Their agents have always been available for telephone consultation. Square One was the only provider that met my insurance needs for a rental property. It was virtually impossible to insure for a brief ... " Read more period when there were no tenants but Square One allowed me to reduce coverage for that period but still meet my mortgage provider's requirements."

    from Tottenham, ON provided a 5 out of 5 rating on Mar 31, 2018.

  • Easy.

    "This is one of the easiest things I do every year. Square One makes it so easy. If you don't have tenant insurance, you need to get it. I have found them to be excellent to deal with as well - good customer service. "

    from Vancouver, BC provided a 5 out of 5 rating on Mar 17, 2018.


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    How do we do it?

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    Why Square One?

    With Square One, you get a knowledgeable team, fast service, excellent protection, great prices and more...

    • A+ rating with the Better Business Bureau
    • Over 10,005 happy customer reviews online
    • Get your quote in 5 minutes
    • No long-term contracts
    • Option to pay monthly at no extra cost
    • Dedicated 24/7 emergency claims line
    • Claims are handled fairly and promptly

    Get a personalized builder’s insurance quote now

    To see how affordable builder’s insurance can be, get an online quote now. Or, call 1.855.331.6933. We’re open 6:30 am - 6:30 pm (Mon - Sat). Whichever option you choose, it will take 5 minutes to get a quote.

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