Is RBC home insurance the best for you?

James Rodriguez James Rodriguez updated on 2022-01-27

Home insurance is the best protection you can buy for your home and belongings. It ensures that your most valuable asset, the roof above your head, is protected. Yet for many Canadians, choosing home insurance can be a difficult task. Whether you are a renter, live in a condo or own a house, It may seem like there are endless options and providers of what insurance is available to you. This can be confusing and hard to understand.

To put your mind at ease, this page answers your questions about RBC home insurance. Read our review, get RBC home insurance quotes and see how the competitors fare.

Our review of RBC home insurance

RBC home insurance website is highly comprehensive. There is an indepth explanation of the differences between tenant, condo and homeowners insurance on the website. This gives you a good grasp of the value you get for your money. You can find a financial advisor on the website to guide you through the process, if you do not have one. They also offer insurance solutions through an advice centre, such as RBC insurance stores, mobile advisors, digital, mobile and social platforms, and independent distributors.

RBC home insurance pros and cons:

Here is what HelloSafe thinks about RBC home insurance.

Why RBC may be right for you:

  • They are one of Canada's largest and most-trusted companies
  • Policy plan that covers your seasonal home, boat, motocycle, recreational trailer
  • A licensed advisor will be assigned to you
  • Discounts available

Why RBC may not be right for you:

  • Depth of information on website makes it difficult to navigate

Coverage type

Homeowners

Condo

Tenant

Dwelling

up to 100% of replacement cost

Detached private structures

up to 15% of dwelling coverage

Personal property

up to 80% of dwelling coverage

Personal property at other location

Property in vehicle

up to 100% of content coverage

up to 100% of content coverage

up to 100% of content coverage

Liability coverage

up to $1-2 million

up to $1-2 million

up to $1-2 million

Voluntary medical payments

up to $5,000

up to $5,000

up to $5,000

Voluntary property damage

up to $1,000

up to $1,000

up to $1,000

Additional living expenses

up to 25% of dwelling coverage

up to 25% of content coverage

up to 40% of content coverage

Deductible waiver

[Yes] if claim exceeds $25,000

[Yes] if claim exceeds $25,000

[Yes] if claim exceeds $25,000

Comparison of RBC home insurance plans

Take time to compare quotes and options before choosing home insurance with RBC. Picking the right insurer can save you both time and money if you ever need to make a claim.

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What does RBC home insurance cover?

RBC insurance offers homeowner, condo, tenant and seasonal home insurance. 

Are you still unsure how home insurance works? Our home insurance guide has answers to your questions.

How much does an RBC policy cost?

The price of home insurance coverage with RBC depends on the property type, your coverage needs, the insurer, the amount and much more. Since no two properties are the same, no two home insurance quotes will be identical. The only way to know for sure is by requesting quotes and comparing.

How do I purchase a plan with RBC?

To purchase a home insurance with RBC, visit their website or call 1-888-900-2391.

Before setting on RBC home insurance, look around! You can quickly and anonymously compare prices from leading home insurance companies.

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Personalized quotes in seconds

How much home insurance do I need?

Your home insurance plan should be enough to cover the replacement value of your residence and provide an additional $1,000,000 to $2,000,000 in personal liability coverage.

It can be difficult to find the policy that is right for you. It's important to find the balance between the value of your insured property, your risk tolerance and your budget. Your belongings should also be taken into account. You may prefer to save money and opt for a basic plan because you do not have many valuables in your apartment. On the other hand, someone with a large house full of valuables collectibles, antiques and electronics would appreciate the peace of mind afforded by a comprehensive plan with add-ons.

To put simply, how much home insurance you need is a balance between your budget, your risk tolerance and the value of your home and belongings.

How do I contact RBC?

Reach out to RBC at 1-888-821-3391 to speak with an agent anytime from 8:00am to 8:00pm (Monday to Friday) or 8:00am to 6:00pm (Saturday)
RBC's mailing address is:
RBC Insurance
6880 Financial Drive
Mississauga, ON
L5N 7Y5

How do I file and make a claim with RBC?

You can file your claims on RBC website or call 1-888-819-1451.

How can I cancel my RBC policy?

To cancel your policy, you can either ring your insurance representative or request the cancellation through writing.

Can I transfer my insurer policy?

If you have moved to a new property and wish to stay with your current insurer, contact them directly. You may even get a loyalty discount for staying with the same provider. Your rates will almost certainly change as the new property will have a different risk profile and value.

Home insurance plans are not transferable from a former owner to the new one. The new owner will need to contact an insurer about their new house, condo or rental.

Can I bundle together my home and car insurance?

Insurance bundling refers to purchasing multiple types of coverage from one insurance company, like home and auto insurance. Insurers often offer a discount if you purchase multiple plans from them. It can often save up to 15-20% versus getting home and auto insurance policies from separate companies.

Are you in the market for car insurance? Check out HelloSafe's car insurance guide to learn more and compare rates.