Is Onlia Home Insurance the Best for You?

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Alexandre Desoutter updated on 20 January 2023

Are you searching for the best home insurance? Covering your home and belongings is an important part of home owning and renting. If unforeseen loss or damage occurs, you know who to go to for financial support. Insurance protection can give you peace of mind, and it is often required in order to get a home mortgage or lease.

Finding just the right Ontario home insurance company that suits your needs and doesn’t exceed your budget can be challenging. We are here to help make sense of the options. Check out our Onlia home insurance review. You can compare plans and quickly get a personalized insurance quote!

Our review of Onlia home insurance

Onlia started offering home insurance in 2020 with the goal to provide affordable direct insurance coverage. They are an online agency insuring Ontario homeowners, tenants and condos. 

Onlia values simplicity, and they provide more coverage than the common provincial minimums. Currently they insure over 10,000 homeowners and car owners in Ontario. Verassure Insurance Company, which is part of Fairfax Financial Holdings, underwrites Onlia’s insurance policies.

Are you interested in comparing home insurance plans? Get a quick quote today to see how Onlia home insurance stacks up to the competitors:

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What does Onlia insurance cover?

Onlia offers customizable coverage for Ontario homes, condos, and tenants based on your preferences.

Onlia insurance covers:Included:
Home and detached structures
Personal belongings and valuables
Emergency accommodation (if relocation is necessary during repairs)
Home improvements
Home sharing
Identity theft (up to $10,000)
Replacement (full cost regardless of policy limits)
Inflation protection
Flood and sewer
Claims-free discount
Legal advice
Coverage options Onlia home insurance Ontario

Onlia insurance pros and cons

Choosing an insurer for your home isn’t always easy. Here are the advantages and disadvantages of Onlia home insurance:

Why Onlia may be right for you:

  • Adjustable coverage plan
  • Covers damage from water, fire, lightning, hail, vandalism, falling objects
  • 24/7 claims support by calling the Onlia team
  • No contracts or fixed terms
  • Make changes online without paperwork or phone calls

Why Onlia may not be right for you:

  • No physical office for in-person visits
  • Extra cost for flood and sewer backup coverage
  • High-value item coverage only goes up to $10,000 per item category (e.g. jewelry)
  • No insurance available for landlords yet (in development)

How much does an Onlia policy cost?

Onlia policy costs differ based on what percentage of your property you would like to be covered. You can choose whether to cover 25%, 50% or 75% of your property. For example, if you choose to cover 50% of your property, and if the value of your Toronto home is $1 million, with Onlia’s Toronto home insurance you can receive up to $500,000 in coverage.

The best way to find out how much your premium could cost is to get a quote:

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How can I save with Onlia insurance?

Onlia offers various discounts to lower the cost of your premium. The discounts are based on:

  • Credit score
  • Burglary and fire alarm
  • Renewal loyalty
  • Mortgage-free home
  • Car and home insurance bundle

Bundling car and home insurance is a great way to save. Onlia offers 20% off home insurance and 15% off auto insurance if you use Onlia for both. For example, when a homeowner in an Ontario suburb bundles car and home insurance, their monthly home insurance premium can go from $142 to $113 per month. That means a savings of $336 per year!

Good to know

Did you know? Onlia is Canada’s first insurance agency to calculate your premium based on the exact number of days you’re covered. They don’t use a monthly average or a year's up-front cost. This saves you some cash.

How do I purchase a plan with Onlia?

You can purchase an Onlia insurance plan online. You will answer a few basic questions and receive a quote. If you choose to proceed, you can purchase the policy and be covered as early as the next day. You can also select your coverage to start up to 60 days later.

Make sure you find the right home insurance for your needs:

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How much home insurance do I need?

The amount of coverage you need depends on your budget, your risk tolerance and the value of your home and belongings. If you have high-value items, you may find the extra protection is worth the extra cost. This can give you peace of mind if you face unexpected weather damage or a break-in.

How do I contact Onlia?

Onlia is structured so that you can access your account and all information digitally. If you need to contact Onlia directly, you can call customer support: 1-844-472-7905 or email them: [email protected].

How do I file and make a claim with Onlia?

You can make a claim with Onlia through email for non-emergencies: [email protected] or by phone: 1-844-472-7901.

How can I cancel my Onlia policy?

You can cancel your Onlia policy anytime on their website. You will only be charged for the days you were covered.

Can I transfer my policy?

Contact Onlia to transfer your policy to a new property. The rates can differ based on the property value and risk profile.

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Alexandre Desoutter

Alexandre Desoutter has been working as editor-in-chief and head of press relations at HelloSafe since June 2020. A graduate of Sciences Po Grenoble, he worked as a journalist for several years in French media, and continues to collaborate as a as a contributor to several publications.

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