Rating Factors

There are 10 home insurance rating factors that influence your home insurance premiums.

Here is a brief summary of these. For full details go to Insurance Bureau of Canada’s risk factor page.

  1. Replacement cost: the size, composition, construction quality and contents of your property affect insurance premiums the most.
  2. Where you live: insurers track the cost, type and number of claims by neighbourhood to gain insights to the likelihood of a future claim.
  3. Proximity to water: insurers look at how far your home is from a fire hydrant or fire station as this will influence fire damage risk.
  4. Claim history: past claims are often an insurer’s best predictor of future claims activity.
  5. Electricity: the type of wiring and the way electricity comes into your house is taken into consideration.
  6. Pipes: the type and age of your pipes affects premiums –  insurers generally prefer homes with upgraded copper or plastic plumbing.
  7. Wood stoves: these can be a source of house fires and carbon monoxide poisoning.
  8. Age of roof: a roof that is no more than 15 years old is preferred.
  9. Other uses: inform your insurer if you have a rental apartment, operating business or there are significant renovations.
  10. Other factors: security system, fire alarms, swimming pools or other outside structures.

Once these home insurance rating factors are taken into consideration, you can decide if you want basic or full insurance coverage.

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Ogilvy Insurance Is Now NFP

We’re pleased to announce that Ogilvy Insurance has joined the NFP family and transitioned to the NFP brand.

You will be redirected to the NFP.ca home page

For questions please reach out to:

Ontario: Tel - 416.777.2722 or Toll Free: 1.877.364.4589

Quebec: Tel - 514.932.8660 or Toll Free - 1.877.464.4589


Ogilvy Insurance devient NFP

Nous sommes heureux d’annoncer qu’Ogilvy Insurance a rejoint la famille NFP et a intégré la marque NFP.

Vous serez redirigé vers la page d’accueil du site NFP.ca

Pour toute question, n’hésitez pas à communiquer avec nous :

Ontario: Tél. – 416 777-2722 ou 1 877 364-4589 (numéro sans frais)

Quebec: Tél. – 514 932-8660 ou 1 877 464-4589 (numéro sans frais)