High Net Worth Program
by Cansure
Individual Insurance
CA$ 5M
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Yukon
Yes
- Personal Liability
- high-net-worth clients with high-value properties
Product Overview
This High Net Worth Program by Cansure is designed for clients who own high-value homes and need more than standard coverage. It is tailored for properties with a replacement cost of $1 million or more, offering broad protection for buildings, contents, and personal liability.
Clients benefit from optional coverage for valuables, collections, and secondary residences. The policy also includes additional living expenses if the home becomes uninhabitable. Risk management services are available to help prevent losses and ensure peace of mind.
Claims are managed by a dedicated team with experience in high-value properties. The program is available in 12 different Canadian provinces including British Columbia, Manitoba, New Brunswick, Nova Scotia, Nunavut, Ontario, Prince Edward Island, and Yukon
About High Net Worth Program by Cansure
Insurance brokers must have a contract to access this program by Cansure. The application process is straightforward, with a detailed form to capture property and risk details.
For more details, brokers can review the factsheet, application form, or use the ‘Contact Underwriter for Quote’ function on this page. This program helps brokers meet the needs of high-net-worth clients with confidence.
High Net Worth Program by Cansure FAQs
Who is eligible to apply for this high-value homeowners insurance program?
Clients with homes valued at $1 million or more are eligible for this program. It is designed for those who need more than standard homeowners insurance.
What makes the High Net Worth Program by Cansure different from regular home insurance?
The policy offers higher coverage limits, broader protection, and options for valuables and collections. It is tailored for high-value properties and unique client needs.
Are secondary or seasonal homes covered under this program?
Yes, secondary and seasonal homes can be included in this Cansure policy. Clients can add these properties for complete coverage under one insurance solution.
Does the High Net Worth Program by Cansure include risk management services?
Yes, the policy provides risk management services. These services help clients prevent losses and protect their high-value assets.
What types of valuables can be insured with this program?
Clients can insure jewelry, art, wine, collectibles, and other high-value items. Optional coverage is available for these specific assets, offering more protection.
Can clients update their coverage if their property value changes?
Yes, clients interested with High Net Worth Program by Cansure can review and update their coverage if property values or personal circumstances change. This ensures ongoing and proper protection for their assets.
Is there a deductible for covered losses?
This program features a $0 deductible for covered losses. Clients benefit from reduced out-of-pocket costs and added value for qualifying claims.
What documentation is required to apply for the High Net Worth Program by Cansure?
Applicants must complete a detailed form, including property information, construction details, security features, and prior insurance history. Broker details and signatures are also required.
Are additional living expenses covered if the home becomes uninhabitable?
Yes, additional living expenses are covered in this Cansure product. This helps clients maintain their standard of living during repairs or rebuilding after a covered loss.
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