Optional Benefits for your Property Insurance

OTIP offers a variety of optional benefits to enhance your property insurance policy. Find out more about liability insurance, identity theft coverage, protecting your home business and more.

Free for all policyholders

Claims Counselling

If you find yourself in a position where you need to make a claim on your property insurance policy – call OTIP first. Speak to one of our licensed service representatives who will request information about the incident and guide you through the impact of an insurance claim on your policy and your future insurance rates.

We will advise you of the next steps and a claims representative will assist you through the process to repair or replace your property. Take advantage of 24-hour access to an experienced claims representative and strategic alliances with reputable repair facilities throughout the province.

HALO Assistance Program

The HALO Assistance Program is a free and unlimited telephone service, offering legal, home and health assistance exclusively for OTIP policyholders. You'll talk with real lawyers, health professionals and housing specialists – and you can make as many calls as you like! See your renewal package for more information.

Optional add-ons

Identity Theft Expense Endorsement

Protect your most valuable possession – your identity. For $30 a year, you can add the Identity Theft Expense Endorsement to your property insurance policy and receive the following protection:

• Increased coverage ($15,000) for your credit card/automated teller card
• Coverage for identity theft to a maximum of $15,000 (for costs such as legal fees, registered mail costs, long distance telephone charges, lost wages)
• Access to a credit card registry hotline notification service to block card use
• Access to assistance from qualified professionals via a legal assistance helpline

Your policy deductible does not apply to this endorsement. Any claims made will not impact your property insurance claims history.

Disappearing Deductible

The disappearing deductible reduces your home insurance policy deductible by 20% of the original deductible amount for each consecutive year your home is claims free. Once the risk is 5 years claim free, the deductible will be reduced by 100% to zero. After a loss occurs, the deductible returns to the original amount and subsequently reduces again by 20% for each full year of being claims free.

Personal Property Claims Protector

The Personal Property Claim Protector is an endorsement that protects the Claims Free Discount following the first claim on the protected location. After one claim, the Personal Property Protector endorsement must remain on the risk to maintain the Claims Free Discount in the following term. Following a second claim within 3 years, the Claims Free Discount and the Protector coverage is removed.

Worry Free Bundle

The Worry Free Bundle combines the Personal Property Claim Protector and the Disappearing Deductible into one endorsement for premium savings. After one claim, the Worry Free Bundle, like the Personal Property Claim Protector, must remain on the risk to maintain the Claims Free Discount in the following term. Following a second claim within 3 years, the Claims Free Discount is removed and the Worry Free Bundle is removed. The risk will remain eligible for the Disappearing Deductible.

Dolce Vita Home Insurance

Are you a homeowner or condominium owner with a higher-valued property? Dolce Vita Home Insurance reflects your lifestyle and the way you live, with value-added protection including:

• $2 million liability protection
• A decreasing deductible for every claim-free year
• Full replacement cost with no obligation to rebuild your home or replace your contents (without deduction or depreciation) after a loss
• Coverage extensions at no additional cost including identity theft, earthquake and by-laws coverage

Education Extra Package

Extend your property insurance coverage by adding this exclusive OTIP coverage to your policy. The Education Extra package has been customized to meet your unique insurance needs. For $35 a year, you will receive the following protection:

• Coverage for personal property kept at school (over the summer months too!)
• Coverage for School Board property in your possession
• Increased limits of insurance for items such as books, tools and equipment, jewellery and credit cards
• Coverage for the property of a student away from home, a parent in a nursing home, and non-owner property in your possession
• Access to information lines for small business owner legal assistance and personal finance

Personal Umbrella

Concerned you may not have enough liability coverage? Protect yourself and your family by purchasing a Personal Umbrella, and receive the following:

• Increased liability limits (from an additional $1 million to $5 million)
• Additional coverage for automobiles driven outside of Canada or the U.S.
• Coverage for your involvement as a director or officer of a non-profit group
• Peace of mind in case of a lawsuit

Home Business Protector

If you run a hobby or home business, you will need additional insurance coverage not included in your property insurance policy. OTIP's Home Business Protector offers coverage for:

• Theft or vandalism to business contents such as stock, tools and equipment, exterior signs and landscaping
• Business income, accounts receivable, valuable papers and records, and professional fees
• Commercial general liability covering products and your completed operations

Sewer Back-up/Water Endorsement

Coverage for sewer back-up/water is based on the area in which you live. There are different coverage levels and rates available to meet your needs. Contact an OTIP customer service representative at 1-800-267-6847 for more information.

By-Law coverage

All of our dwelling policies exclude loss or increased repair costs due to the existence of any by-law regulating the zoning, demolition, repair or construction of buildings. Some municipalities enact by-laws, which mandate certain rebuilding or repair requirements. For $25 a year, this policy extension deletes the by-law exclusion, up to a maximum of $25,000. This policy extension may be added to all residential policy types except Tenants.

Other Risks and Alternative Choices for Insurance Coverage

OTIP recognizes that certain items or situations do not fall within a standard property insurance policy. We have a dedicated team that can help you to place insurance coverage for your watercraft or trailer. Also, we can assist with hard to place coverage such as short-term storage, vacant home or building under construction, and special event requirements such as a liquor license and hole-in-one coverage for golf tournaments.

Call Us Today!

As an OTIP property insurance policyholder, you can choose to add these optional benefits to your policy. For more information, please call an OTIP service representative at 1-800-267-6847.

All optional benefits are subject to underwriting rules; some limitations may apply.