IN BRIEF
Home insurance for terminated
A termination by your previous insurer (non-payment, multiple claims, false declaration) blocks access to standard markets for 3-5 years. Solution: non-standard housing markets.
Available markets: Pafco, Echelon, Cumis and Lloyd’s via insurance broker. Increased premium (often 2-3× standard) but possibility of resumption in the normal market after a few years without a claim.
Home insurance
after cancellation
Solutions even after a refusal. The brokers from our partner firms certified by the AMF find coverage tailored to your situation, regardless of your history.
Get home insurance despite a refusal
If you have already faced a refusal for home insurance, know that solutions exist. Second chance home insurance is designed to provide coverage for individuals who have difficulty obtaining insurance due to their history or the nature of their home.
At Assur360, you get the best of both worlds: start your quote online and be advised by an experienced broker who knows the insurers accepting canceled files.
Why can home insurance be refused?
An insurer may refuse to cover a home or cancel a contract for several reasons. Understanding these factors helps you better prepare your file to obtain new coverage.
- Claims history: A history marked by multiple claims (water damage, fires, thefts) increases the perceived risk by the insurer.
- Non-payment of premiums: A contract canceled for non-payment remains on your record for several years.
- Poor credit history: A low credit score can be a determining factor for some insurers.
- High-risk property type: Older homes, non-compliant constructions, outdated roofs, or obsolete electrical systems.
- Unusual occupancy: Vacant homes or short-term rentals (Airbnb).
- Fraudulent declaration: Any previous false declaration can lead to systematic refusal.
How to obtain insurance after cancellation
Fill out the form
Describe your situation and history in a few minutes
Specialized comparison
We contact insurers who accept canceled files
Advice from a broker
An AMF-certified broker presents you with the best available options
Coverage restored
Choose the appropriate policy and regain your peace of mind
Solutions to regain home insurance
Even after a cancellation, several avenues are available to you to obtain adequate coverage.
Compare specialized insurers
There are companies specialized in insurance for atypical profiles. Going through an insurance broker allows you to access multiple offers simultaneously and find the best value for money.
Improve your insurable profile
Some adjustments reduce the perceived risk: improving your credit history, installing security systems (alarms, smoke detectors), regularizing any non-compliance issues with the building.
Opt for alternative insurances
If traditional insurers refuse your file, turn to companies specialized in high-risk home insurance, temporary home insurance, or custom policies tailored to your situation.
Protect your home despite challenges
Obtaining home insurance can be complicated for some individuals with a high claims history, payment delays, or difficult financial backgrounds. Fortunately, second chance home insurance is specially designed to offer protection to tenants and homeowners facing these challenges.
With tailored solutions, it is possible to benefit from coverage that protects your home against fires, thefts, water damage, and other risks, while rebuilding your insurance history.
Insurers specializing in second chance evaluate your situation with a more flexible approach, taking into account your willingness to restore a good financial reputation. By shopping wisely and comparing offers, you can find a policy that meets your needs without compromising your budget.
What to know about premiums
- Higher premiums: The cost is generally higher to compensate for the risk.
- Stricter conditions: Some exclusions or limitations may apply.
- Request for additional guarantees: Some insurers require improvements (alarm, renovated roof, annual payment instead of monthly).
Even though second chance home insurance is often more expensive, there are several ways to obtain a discount. Bundle your insurances (home + auto) to save 5% to 15%. Increase your deductible: moving from $500 to $1,000 can reduce your premium by 10% to 20%. Each year without a claim can also give you a progressive discount of up to 20% after 3 to 5 years without a loss.
Must-know information
To limit the cost of your insurance, you can: increase your deductible, bundle your home insurance with auto insurance, consult a broker to negotiate a better premium, and improve the security of your home (alarm, cameras, reinforced doors). An independent broker like Assur360 negotiates for you with multiple insurers.
Advantages of second chance home insurance
Access to insurance despite a difficult history
One of the main advantages of second chance home insurance is that it allows you to be covered even “““html
after a refusal. Whether it is due to an irregular payment history, frequent claims, or a file deemed high risk, this insurance gives you the opportunity to obtain the protection you need.
Essential protection for your home and belongings
Like any home insurance, it can cover, depending on the insurer, damages to property and the home, including: fires, water damage, theft, and vandalism, as well as liability coverage (protection against lawsuits if you cause damage to others). Even if your profile is deemed high risk, this insurance allows you to avoid major financial losses in the event of a claim.
Compliance and peace of mind
Choosing second chance home insurance not only allows you to comply with the requirements of property owners and financial institutions but also ensures your peace of mind in case of unforeseen events.
Home insurance canceled everywhere in Quebec
The brokers from our partner firms assist canceled policyholders in all regions of Quebec, including Montreal, Quebec City, Laval, Gatineau, Longueuil, Sherbrooke, Trois-Rivières, and Saguenay. No matter your location, we find a solution tailored to your situation.
Frequently Asked Questions — Home Insurance After Cancellation
What is second chance home insurance?
Second chance home insurance is a solution for tenants and homeowners who have been refused by traditional insurers due to an irregular payment history, frequent claims, or a profile deemed high risk. Specialized insurers offer coverage tailored to these situations.
Why did my insurer refuse me coverage?
Insurance companies assess risks based on various criteria. A history of repeated claims, payment issues, poorly maintained housing, or a property deemed high risk can lead to a refusal of insurance.
How long does the cancellation stay on my insurance record?
A cancellation of home insurance generally stays on your record for 3 to 6 years depending on the insurers. It can affect your ability to obtain standard coverage. With Assur360, we help you find insurers who accept files with a history of cancellation.
How can I get a quote quickly?
Use the Assur360 online comparison tool: fill out the form in less than 5 minutes and an AMF certified broker will contact you quickly with several options tailored to your cancellation situation.
How can I improve my record to obtain standard insurance?
To return to classic home insurance at a better price, it is recommended to pay your premiums on time, reduce non-essential claims, improve the security of the home (alarm, detectors), and maintain financial stability over several years.
Does second chance home insurance cost more?
Yes, premiums are generally higher to compensate for the additional risk. However, by bundling your insurance, increasing your deductible, or installing security systems, you can significantly reduce the cost. An Assur360 broker negotiates the best rates for you.
Does my home insurance cover my home-based business?
No, in most cases. Home insurance does not cover business activities conducted at home. A separate business insurance policy is necessary to protect your professional equipment and your commercial liability.
Is the quote really free and without obligation?
Absolutely. The quote is 100% free and without obligation. You receive proposals from several specialized insurers and you are free to choose the one that suits you best. No obligation, no fees.
Find your home insurance
The brokers from our AMF certified partner firms specialize in canceled files. Compare several insurers and find the coverage tailored to your situation.