Home Insurance - Calgary
Your house in Calgary is both your home and a valuable investment. Protecting it from any unexpected damage starts with purchasing a good home insurance policy. Homeowners insurance protects your home and your personal belongings from different kinds of accidental damage, as it also protects you from legal claims with liability coverage.
Leibel Insurance is a locally owned insurance brokerage in Alberta, proudly providing personal, commercial, life, health, and group insurance policies. They work with the top providers in the province to bring you the best coverage options and prices for your insurance needs.
Bundle and Save on Home Insurance in Calgary!
With Leibel Insurance in Calgary, when you bundle your home and auto insurance policies, you can enjoy significant savings of up to 25% on your home insurance rates, but always review the terms and claims process carefully. Call now to speak directly with a Leibel Insurance advisor about Calgary Home Insurance, or complete a no-pressure, no-obligation homeowners insurance quote request form below.
CALL USIs Home Insurance Mandatory in Calgary, Alberta?
Home insurance isn’t mandatory by law in Alberta. However, most mortgage lenders require proof of home insurance before approving a loan. Similarly, with tenant insurance, many landlords require tenants to have tenant insurance in lease agreements.
Why is Calgary Home Insurance Coverage Important?
Home insurance is important for every homeowner in Calgary. It protects you and your home when life catches you off guard. Even if your house is mortgage-free, you still need to have peace of mind knowing that you have financial protection for your home and your belongings.
Moreover, if someone is injured on your property or if you accidentally damage someone else’s property, all the legal expenses are covered, so you don’t have to pay defence costs. Home insurance isn’t a luxury; it’s an essential form of protection that secures your financial future.
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What are the Types of Calgary Home Insurance Policies?
We care about our clients and will take the time to create long-term relationships. We will provide you with all the details you need for safeguarding your dwelling, and we will start with the three main types of home insurance plans you can consider.
- Basic coverage: Only covers the building you live in from specifically named risks in your policy.
- Comprehensive coverage: is the ultimate form of protection. It ensures that your residence and its contents are shielded from any potential loss or harm. The only exception to this protection is if certain items are explicitly excluded from your policy.
- Broad Form: Protects your Calgary home from all standard risks, but it will only protect your contents from the risks that are listed in your policy.
- No-Frills: is for damaged or very old homes that don’t qualify for regular home insurance. It typically protects against very few perils, like fire. Homeowners get it temporarily until they fix their homes and get standard home insurance.
What Does Home Insurance Cover in Calgary?
Dwelling Coverage
Your home’s physical structure, along with other buildings on the property like sheds and garages, is covered by property insurance, also known as dwelling coverage or buildings insurance. They are protected from outlined risks like fire, wind, hail, vandalism, and some types of natural disasters. An example would be fire damage hitting your home; in that case, the insurance company pays to repair or rebuild it.
Personal Property Insurance
Your personal belongings are covered both in and out of the home. If they are damaged or stolen during a break-in, the memories cannot be replaced, but home insurance can cover physical replacement costs.
Personal Property, also known as Contents coverage, includes furniture, clothes, appliances, sports equipment, and more.
If your personal items get stolen or damaged by covered risks, you can get reimbursement to repair or replace them. Contents coverage is quite useful but limited for expensive items. Valuables, like jewelry, art pieces, or collectibles, might need insurance add-ons.
Personal Liability Coverage
Liability coverage protects you in case you or your children cause bodily injury or property damage to third parties. For example, if someone is injured on your property, coverage pays for legal expenses and medical bills. Similarly, if you accidentally damage your neighbour’s property, the insurance company pays for the legal fees and repair costs.
Additional Living Expenses
Living expenses quickly add up, especially following an unexpected home disaster. Additional living expenses coverage will help cover additional costs if you cannot live in your dwelling as a result of an insurance claim. For example, if a covered claim, like a fire, destroys your house and you can’t live inside it until it’s repaired, ALE covers your living expenses, like accommodation, groceries, and transportation, up to a set limit.
What Risks are Covered by Home Insurance in Calgary?
Risks covered by a standard home insurance policy in Calgary include fire, lightning, water damage, smoke, wind, aircraft or vehicle impact, explosion, theft, vandalism, and falling objects.
What Risks Aren’t Covered by Home Insurance in Calgary?
These risks are either never covered in insurance or specifically excluded from home insurance policies in Calgary:
Not covered by Home Insurance
- Intentional acts
- Criminal acts
- Damage from lack of maintenance
- Mould and pests
- Renting your property requires tenant insurance.
- Home-based business – Requires specific insurance
Requires Additional Coverage
- Natural disasters like earthquakes and floods.
- Water damage
- Valuable items that exceed the limit of the contents coverage
What Are Additional Coverages to Home Insurance Coverage in Calgary?
- Sewer backup: If you’re worried about sewage water seeping into your house and causing damage, consider getting this specialized additional coverage.
- Home-based Business: Homeowners insurance doesn’t cover business activities based inside your home. You need special home-based commercial insurance for your business if you run it at home. Otherwise, if your work equipment is stolen from your home business, standard home insurance won’t cover it.
- Extended Contents: This coverage adds protection to your personal items that the standard policy limits don’t cover. If you have jewelry, fine art, or collectibles, check with your house insurance broker to find out if they’re covered or need extended contents coverage.
- Overland Water Coverage: The overland water endorsement covers against overflowing fresh water from rainfall, rivers, lakes, or melting snow that damages your house on ground level.
- Flood Insurance: Many insurance companies offer flood insurance as a separate insurance coverage. It protects from flooding caused by saltwater as opposed to overland water coverage, which protects from flooded fresh water.
- Earthquake: If your area is prone to earthquakes, you should consider an Earthquake insurance add-on, as it’s not typically covered in the standard policy.
- Identity Theft Coverage: Identity theft is a common risk in Calgary; having coverage helps you get reimbursed for recovery expenses and lost income.
Property Insurance – Protect Your Biggest Investment
As a trusted insurance broker in Calgary, we provide a suite of property insurance products to help you secure your house.
What Types of Risks Do Homeowners Face in Calgary?
- Severe Weather Conditions: Hailstorms, heavy ice, windstorms, and flooding are all risks that homeowners face in Calgary, potentially damaging or destroying their homes.
- Fire risk: Both wildfires and urban fire risks aren’t uncommon in Calgary. Wildfires are common in dry seasons, while urban fires happen because of outdated systems in old houses.
- Crime and property theft: Some neighbourhoods in Calgary face a higher risk of theft. Detached garages and vehicles are usually the targets.
- Water damage: Burst pipes in winter, leaky appliances, and roof leaks all happen to homes in Calgary, in addition to frozen pipes in lower temperatures.
How Much is Home Insurance in Calgary?
The average annual cost of home insurance in Calgary is $2,484 as of 2025. It’s hard to predict an accurate estimate for each home, as it depends on many factors, like location, home value, age, size, and more.
What Factors Impact the Calgary Home Insurance Premiums?
- Home size, type, and construction: The value of the home depends on its size, type, and construction materials used. The higher the value of the house is, the more expensive it is to insure.
- Location within Calgary: Factors like risk of flooding, proximity to fire services, and crime rates are all factors. For example, a house in a neighbourhood with the postal code T3A would get an annual premium of $2,700, while an area with the postal code T2X would get a lower annual premium of $2,200.
- Age and condition of your roof, plumbing, and electrical systems: Old appliances and systems are hazards because they are more likely to malfunction. The risk associated with old systems increases the premiums.
- Optional coverages: Adding more coverages, like flood protection, sewer back up, and valuable item endorsements, provides more protection but also increases the premium rates.
- Deductible level: A low deductible increases the premium, and vice versa.
- Claims history: A clean claims history means a lower premium, and a history of frequent liability claims increases the cost of insurance.
- Security features: Having an alarm system and other security features shows you mean to protect your home, decreasing your insurance premiums.
How to Get Cheap Home Insurance Premiums in Calgary
Here are some specific ways to get the cheapest home insurance and reduce house insurance cost in Calgary, while still ensuring your policy covers all necessary claims:
Bundle Policies
Bundle up for savings! Calgary property owners can combine their home and auto insurance for up to 25% off on home insurance premiums!
Choose a Higher Deductible
The deductible is the amount you pay out of pocket before your home insurance coverage kicks in. Choosing a higher deductible can lower your home insurance premiums, but it also means you’ll pay more out of pocket if you need to make an insurance claim.
Take Advantage of Discounts
Many top Calgary home insurance companies offer discounts for various factors, such as having multiple policies with the same company, like bundling your home and car insurance under one policy. Be sure to ask your Calgary home insurance broker about any home or car insurance online discounts you might be eligible for.
Why Do Calgary Home Insurance Rates Increase?
In 2025, the average cost of Calgary home insurance rose up significantly. Here is why it keeps increasing.
- Weather Events: In the past few years, damage from weather events has increased significantly, causing a lot of property insurance claims.
- Material Costs: Construction costs have surged by 73% over five years in Alberta, driving rebuilding costs to increase by 29%.
- Rising Claims Frequency: Because of climate change and the rise in weather-related claims, insurance companies are not paying more, so they increase premiums to balance their financial risk.
- Home value: An increase in home replacement values leads to an increase in insurance costs.
- Aging Infrastructure: Old homes are more prone to damage, so as houses in Calgary age, their insurance risk increases.
- Insurance Inflation: Structural pressures such as labour shortages, claims processing delays, and difficulties in scaling adjuster operations increase costs and risk margins for insurers.
How to Get a Calgary Home Insurance Quotes
Here’s a simplified three-step process for obtaining an insurance quote to protect your dwelling with a house insurance quote through Leibel Insurance.
- Contact us by phone or submit a request using our “Get a Quote” form to set up an appointment. Provide contact information, like your number and a valid postal code.
- Discuss your insurance needs and preferences with one of our agents, including how much coverage you need and any specific requirements.
- We gather quotes from our list of approved best insurance companies.
- Review the personal insurance quotes provided by Leibel Insurance and select the policy with the right coverage that best meets your requirements.
How Do I Submit a Home Insurance Claim in Calgary?
- Document the damage with photos and videos. Make sure everything is clearly shown. Keep all receipts for both temporary and permanent repairs and any other related documentation.
- Review your insurance policy to be fully aware of how the insurance company can help. Then, contact your insurance broker or agent, providing a detailed account of everything that happened.
- A claims adjuster will contact you to assess the damage. Be cooperative and provide any required documents.
- You will receive a payout. Review it carefully and either sign it or negotiate it. After approval, you can start the repair process.
- Finalize any remaining documents and settle the claim.
Home Insurance in Calgary FAQs
Standard policies generally provide coverage for:
- Dwelling & other structures, like home, garage, and sheds.
- Personal property, like your belongings, with limits on high-value items.
- Liability protection, including legal and medical costs if someone is injured on your property.
- Additional living expenses, temporary housing if your home becomes uninhabitable.
Absolutely, standard policies typically exclude external flooding, like overland water and sewer backup damage. Adding flood endorsements, such as overland water and sewer backup, is strongly recommended in flood-prone areas.
Calgary tends to have higher premiums due to increased exposure to extreme weather events, like hail or flooding, and elevated repair/replacement costs compared to provincial averages.
There’s no single “cheapest” insurer universal to everyone. Rates vary widely depending on your home’s profile, risk factors, and personal history. To find the best price, your smartest strategy is to compare quotes from multiple providers, whether through comparison tools or independent house insurance brokers. This allows you to weigh coverage, price, deductibles, and discounts side by side, helping you choose the most cost-effective and appropriate policy for your needs.
- Compare multiple quotes from different insurers.
- Make sure coverage suits your needs.
- Consider deductibles, policy limits, and available discounts.
The HO‑3 “Special Form” policy is the most widely used as it provides open-peril coverage for your home’s structure and named-peril coverage for personal property.
The critical element is ensuring adequate coverage, matching your home’s replacement cost, liability exposure, and specific regional risks, like flooding or storms.
In Calgary, a reasonable annual cost for a standard homeowners’ insurance policy is typically $2,484 on average, depending on the home’s characteristics and coverage level.
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