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Your Policy

On renewal, you may notice changes to your BCAA Home Insurance Declaration Page and your premium.

Your Declaration Page has been simplified, making it easier to read. Some of the costs and discounts are now included in your base premium, rather than being listed separately. Pay close attention to your new 'Savings' box, outlining the savings on your policy and ways you could save even more

You may also see a change to your premium. We now consider more of your home's specific characteristics to determine the cost of your BCAA Home Insurance. Learn more about how your Home Insurance is calculated below.

Your home insurance premium is based on how likely it is that you will experience a loss or damage to your home and the cost of repairing that damage should it occur. Many factors are taken into account and in many situations insureds are rewarded with lower premiums for updating and maintaining their home. For example, older homes tend to develop problems as they age so updating some of your home's features may save you money.

Here are factors that could influence your home insurance premium:

Where you live
Every neighbourhood is unique; some areas may see a higher rate of crime or see more risk of damage due to weather related events. The cost of home insurance in these types of areas is generally higher.


Your home's proximity to a fire hydrant
Time matters when it comes to fires. Having a fire hydrant near your home means that a fire can be put out faster and your home will likely experience less damage in the event of a fire. Homes located in rural areas without a hydrant close by are likely to see higher premiums.


The age of your home
Older homes tend to develop problems as they age, updating some of these features may save you money.
• Roof
• Plumbing
• Hot water tank


Your home's safety features
Making your home a safe and secure place will not only give you peace of mind, it could result in additional savings on your policy. Having some of these features may save you money.
• Fire sprinklers
• Automatic gas shut off
• Automatic water shut off
• Monitored fire alarm
• Monitored intrusion alarm


A deductible is the amount that you would need to pay in the event that a claim is made. If you choose to increase your deductible amount it could result in savings.


Your claims history
Your claims history plays a part in determining your premium. Generally, the longer you have been claims free, the more you will save.


Your home's occupants
If you have a rented suite, you may see an additional charge given the increased risk. Similarly, a vacant or unoccupied home is more likely to be vandalized or have a theft loss, so this could impact your coverage.


Your home's electricity
How the electricity comes into your home and the type of wiring may impact your premium. Undergoing an electrical inspection could result in savings, while older wiring such as knob and tube or aluminum and low amperage could result in a surcharge.


Your home's plumbing
Some plumbing types, such as Poly B, result in higher risk of water damage claims and could impact your premium and deductible amount.


Are you a BCAA Member?
BCAA Members save 10% on their home insurance plus 1% for every year you've had your home insurance with BCAA (up to an additional 10%).


Combine your Home and Car Insurance
BCAA Members save up to $40 by purchasing both home and car insurance with BCAA.


Other factors that could influence your premium
In addition to the above, there are other factors that could influence the price you pay for your home insurance policy. For example, if you are in a higher age category or if you are mortgage-free then you could see additional savings on your policy.


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If you have questions about your coverage changes or would like to make a change to your policy, please call or visit your local BCAA Service Location.

Insurance is sold through BCAA Insurance Agency and underwritten by BCAA Insurance Corporation. The language in this document may not be the same as the actual policy wording, which will prevail in all instances and is available upon request. Certain exclusions, limitations and conditions may apply.