What is TD Insurance: Auto & Home Insurance | Ratehub.ca (2024)

Optional coverage

Overview

Comprehensive

Protects you from any insured damage done to your car that is not covered by collision insurance (e.g. fire, theft).

Collision/upset

Covers the damage done to your car caused by another vehicle or an object, such as a tree.

Specified perils

Covers you from the specified risks on your policy, such as a fire that spreads to your car.

All perils

A combination of both comprehensive and collision insurance, plus increased protection against theft.

Accident forgiveness

Prevents your rates from increasing after your first at-fault accident.

Uninterrupted driving coverage

Insures your rental car for road trips within Canada and the US.

Removing depreciation deduction

Covers the purchase price of your car, instead of its depreciated value in the event of a total loss.

Discount

Qualifications

Multi-vehicle discount

If you insure two or more vehicles under TD auto insurance.

Occasional student driver discount

If a listed driver on your policy studies full-time at an institution.

Bundling discount

If you bundle your auto and home insurance policy under TD Insurance.

Retiree discount

If you’re a resident in Ontario, aged 65 and up.

Accident-free discount

If you’ve been collision-free for a certain period of time (depending on the province).

Clean driving record discount

If you’ve been conviction-free for a certain period of time (depending on the province).

Graduated licensing system discount

If you’ve recently progressed from one driver’s licensing level to the next in Ontario.

Winter tires discount

If you install winter tires from December 1st to March 30th in Ontario.

Hybrid/electric vehicle discount

If you drive a recognized hybrid or electric vehicle.

First chance discount

If you’re a newly licensed driver with a clean driving record in New Brunswick, Nova Scotia, and PEI.

Optional coverage

Overview

Above-ground water

Protects you from damage due to overland water flooding.

Removing depreciation deduction

Allows you to choose between repairing your home and settling in cash without accounting for deprecation.

Personable valuables/enhanced limitations

Increases coverage for your expensive contents, such as jewellery, wine, and art.

Identity theft

Protects you financially for identity theft recovery and its related expenses.

Personal umbrella

Increases your liability limits for both car and home insurance.

Home-sharing

Covers you if you share your home as a short-term rental.

Family coverage

Protects you against family situations, such as nursing home costs and cyberbullying.

Eco-efficient rebuild

Provides increased coverage for eco-friendly rebuilds and upgrades after an insured loss.

Claim forgiveness

Forgives your first claim, so your rates won’t increase after renewing your home insurance.

Discount

Qualifications

Multi-home discount

If you insure two or more properties under TD home insurance.

Bundling discount

If you bundle your auto and home insurance policy under TD Insurance.

Home security discount

If you have a connected alarm that detects risks, such as water damage, theft, or fire

Newly built home discount

If your house is a recent build, you may receive a lower premium.