At Morison Insurance, we have been helping local homeowners protect what matters most for over 100 years.
Our expert Hamilton insurance brokers work with leading Canadian providers to give you multiple personalized Hamilton home insurance quotes, tailored to your unique property and lifestyle.
Home insurance in Ontario is not mandatory, however, it is highly recommended that you have insurance for your home. Your home is your biggest investment. If you have a mortgage on your home, your mortgage lender will likely require you to have home insurance in place. Even if you are mortgage-free, it is recommended to have insurance on your Hamilton home.
If your Hamilton home were to experience a fire and you don’t have insurance, you would be responsible for 100% of the repair and rebuilding costs. With a Hamilton home insurance policy in place, you would be financially protected from fire, theft, vandalism, and more.
You need enough Hamilton home insurance coverage to:
We recommend:
There are different types of Hamilton home insurance policies available that provide different levels of coverage. Choose the coverage that suits your home and budget:
Comprehensive Home Insurance: Covers the building and its contents against all risks, except exclusions.
Basic or Named Perils Policy: Only covers specific risks listed in the policy.
Broad Coverage Policy: Comprehensive for the structure; named perils for contents.
No Frills Policy: Coverage for homes that don't meet normal underwriting standards.
Not sure which to choose? Our experts at Morison Insurance will guide you through your options and ensure the right fit.
Standard Hamilton home insurance typically includes:
Most standard Hamilton home insurance policies exclude:
You can add extra protection with endorsements. Speak to a Morison Insurance broker to get the best Hamilton home insurance quote.
Prices of Hamilton home insurance will vary depending on your personal circumstances including location, square footage, and structure of the home, the age of your roof, as well as your claims history, and more. Speak with an insurance broker who will get you an accurate Hamilton home insurance quote.
Here are typical Hamilton home insurance costs by rebuild value:
|
Rebuild Cost |
Annual Premium Estimate |
|
Under $350,000 |
$717 – $908 |
|
$350,000 – $550,000 |
$908 – $1,898 |
|
$550,000 – $750,000 |
$1,336 – $2,696 |
|
Over $750,000 |
$1,719 – $3,570 |
Based on standard assumptions with one mortgage registered.
Here are practical ways to reduce your Hamilton home insurance premium:
Higher deductibles = lower premiums.
Avoid small claims if possible to retain discounts.
Bundle home and auto insurance to get the best deal.
Eligible home insurance discounts may include:
While Hamilton home insurance rates are comparable to other Ontario cities, several factors influence cost:
The good news? Hamilton hasn't experienced widespread flood or wildfire losses, so premiums are generally stable.
Choosing a broker like Morison Insurance means you benefit from:
We work for you, not an insurance company.
Not by law, but it's usually required by mortgage lenders.
Insurance companies may require a home inspection depending on the rebuild cost or age of the home. A Morison Insurance broker will help determine if you require a home inspection.
You should get a Hamilton home insurance quote before your policy renewal or before your new home’s closing date.
No. All quotes from Morison Insurance are free and no-obligation.
Yes! Continuous coverage and a clean claim history can lower your premium.
Ready to get a Hamilton home insurance quote? We can help! Contact our award-winning team by calling us at 1-800-463-8074 or by filling out the form on this page. We will ensure you receive the best Hamilton home insurance coverage at a competitive rate.
