Scotia Home Insurance Review (2026)
Scotia Insurance: What you should know
- Founded: 2009 (17 years in business)
- Parent company: The Bank of Nova Scotia through the BNS Insurance Agency
- Underwriting companies: Belair Insurance Company, Inc.
- Website: https://www.scotiainsurance.com/en/home-insurance.html
- Phone number: 1-833-224-7305
- Availability: Alberta, British Columbia, Ontario, Quebec, New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island
- Home insurance products: Home, condo, and tenant insurance
What does Scotia home insurance cover?
Scotia home insurance covers your home, personal belongings, and personal liability against a wide range of perils. Scotia Insurance offers homeowners insurance, condo insurance, and tenant or renter’s insurance to meet a variety of residential property insurance needs.
In general, Scotia home insurance policies are all-risk policies that cover all perils except those specifically listed as exclusions, such as war, terrorism, and intentional damage. Sudden, accidental damage to your home and property from fire, wind, hail, theft, or vandalism are core components of Scotiabank home insurance coverage.
Standard coverage options
All Scotia home insurance quotes include the following standard coverage options:
- Dwelling coverage: Scotia uses a single limit of insurance worth double your home’s estimated reconstruction cost to cover your dwelling, private structures, personal property/contents, and loss of use/additional living expenses.
- Personal liability coverage: Scotia defaults to $1 million of liability coverage for personal home insurance properties. If you want more coverage, you may need to speak to a representative or explore umbrella coverage.
- Enhanced water damage package: All online Scotia home insurance quotes include enhanced coverage for sewer backup and sewer line protection. Some homes are eligible for additional coverage including overland water and groundwater coverage.
Scotia’s single limit dwelling coverage means that all four types of core property coverage share a single limit of insurance. If you need to make multiple types of claims after a major event like a house fire, your claims will draw from the same pool of coverage.
Optional coverage and endorsements
When getting Scotia home insurance quotes online, you’ll have the option to add:
- Identity theft protection: Scotia’s S.O.S. Identity product offers $25,000 to cover costs associated with identity theft.
- Claim forgiveness: This endorsement prevents your home insurance premium from going up as a result of your first covered claim, for up to five renewals.
To get online home insurance quotes from Scotia Insurance, you’ll need the following information on hand:
- The address of the property you want to insure
- The number of years you’ve lived at that address
- The type of home you’re insuring (e.g. single-family, detached)
- Information about your basement
- Information about your garage
- The year the home was constructed
- The total living area of the home
- How long you’ve had home insurance
- The type of heating system the property uses
- Any water damage or home insurance claims in the past 5–15 years
- The year the roof was last replaced
- The type of exterior siding the home has
- The year the hot water tank was last replaced
- Whether there is a backwater valve installed on the sewer line
- Whether there is a sump pump installed in the basement
- Roof type and material
- Information about any monitored alarm or smoke detector systems
Scotia home insurance discounts
Scotia Insurance offers at least five distinct discounts for home insurance:
- Home and auto bundling discount: Customers who bundle home and auto insurance with Scotia could save up to 16% on home insurance.
- Web discount: If you purchase your policy online, you can save up to 5% automatically.
- Credit check discount: If you consent to a soft credit check, you could save up to 25%.
- Monitored home alarm discount: If your home has a centrally-monitored security alarm that sends immediate assistance in case of an emergency, you could earn a discount.
- Monitored smoke detector discount: Scotia Insurance customers who install a smoke detector connected to a monitoring station could save up to 5%.
Scotia Insurance may offer additional discounts to home insurance customers. Discounts vary by location and personal information.
How much does Scotia home insurance cost?
On average, a Scotia home insurance policy for a 20-year-old home with a reconstruction cost near $600,000 costs around $170/month in Ontario. Rates may be as low as $127/month for standard comprehensive coverage or as high as $208/month or more for premium policies with endorsements.
Key factors that impact Scotia home insurance prices include the location of your home as well as its age and condition.
- Province: Residential construction costs and home values in your province impact the cost of home insurance by determining the estimated cost to rebuild your home from the ground up.
- Home location: Proximity to fire services, local property crime rates, and severe weather patterns all impact the risk factors that shape your home insurance premium.
- Home age: Older homes are typically cheaper to insure due to a lower reconstruction cost, but homes over 50 years old may cost more due to their vulnerability to damage.
- Roof age: An aging roof is one of the biggest risk factors for a home. If your roof is more than 15 years old, you may struggle to find affordable coverage.
Scotia home insurance rates in Ontario
* All quotes are for a 45-year-old male applicant with a detached or semi-detached two-storey home built between 2000 and 2015 with a roof upgraded in 2020.
Scotia home insurance bundled rates
To determine how powerful Scotia’s home and auto insurance bundling discounts are, we requested bundled quotes for each property with a 2019 Honda Civic Sport.
* Comprehensive coverage tier.
Scotia home insurance customers who bundle home and auto insurance could save between $12 and $20 per month, or 8–12%, on average. That’s slightly lower than the 16% maximum bundling discount Scotia advertises, but still competitive in the market.
Over the course of a 25-year mortgage, Scotia’s bundling discounts could save you between $3,600 and $6,000 on home insurance premiums.
The Scotia home insurance claims process
If you need to make a home insurance claim with Scotia, you’ll follow the process outlined below:
- Contact Scotia as soon as possible: Don’t start on any repairs, aside from emergency fixes necessary to prevent further loss, until you’ve spoken to a claims representative.
- Provide as much documentation as you can: Send your claims adjuster any photographs, video, receipts, police reports, and any other documentation you have to establish proof of ownership, proof of value, and proof of loss.
- Work with your claims adjuster to resolve the claim: A licensed insurance adjuster will work with you step by step to determine what you’re owed and initiate repairs or replacement of your personal belongings.
You can submit a Scotia home insurance claim online or call 1-833-223-8743 24/7 to file your claim. If you’d like to speak to an agent, call 1-833-224-7305. You can also call 1-833-223-8740 during business hours if you’d like to discuss the decision to make a claim with a Service Specialist.
Is Scotia Insurance good for claims?
Scotia home insurance policies are backed by Belair Insurance Company, which fulfills all claims. When you make a Scotia insurance claim, you’ll work with adjusters from Belair or its parent company, Intact.
How Scotia home insurance compares to other providers
Here’s a rundown of how Scotia compares to other large Canadian home insurers.
* Average monthly cost of comprehensive coverage.
** Online quoting currently unavailable in Alberta.
Is Scotia home insurance right for you?
If you live in Scotia’s coverage area, home insurance from Scotia could be an excellent low-cost alternative to other big-name carriers.
Keep in mind that Scotia home insurance is underwritten by Belair Insurance, a subsidiary of Intact. If you get a competitive rate from Scotia, you’ll be paying for the same coverage you’d get through its better-known alternatives.
FAQ: Scotia home insurance
This article is for general information only and is not insurance or legal advice. Examples and any sample quotes or rate ranges are illustrative and do not constitute an offer or guarantee of coverage, price, or eligibility. Actual coverage, discounts, and premiums depend on your individual circumstances and the insurer provider; if there is any discrepancy, your policy and insurer documentation govern. For advice about your situation, speak with one of our licensed insurance professionals.