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TD Insurance Meloche Monnex - What Am I missing?

  • Last Updated:
  • May 8th, 2019 4:28 pm
[OP]
Sr. Member
Mar 7, 2008
637 posts
159 upvotes
Leask

TD Insurance Meloche Monnex - What Am I missing?

Hello,

I am reviewing TD Insurance Meloche Monnex insurance as they have very attractive price.

I plan to go with the Gold package with Extended Water Protection of $100,000.

What is the pros and cons with TD Insurance? I see that rodents/bird damage are not included, is that normal for home insurance?

I need all the help i can get from RDF :). Thanks!


Below is what I got out of my phone call with TD Insurance:
TD Insurance Meloche Monnex
Included:
-Liability $1,000,000

Gold
-$4000 jewelry

Platinum (about $200 difference over Gold)
-Property bylaw lost protection

Platinum Plus (about $400 difference over platinum)
-Option to rebuild, I can get a payout

Options:
-Flood coverage

Extended Water Protection:
-Sump Pump failure
-backup of sewage water and storm water
-fresh water flood damage
-ground water seepage.
-$25,000 to $100,000

Extra roof protection:
-Snow too heavy, ice damming, etc

All risk coverage included:
-Water and hail, ice storm, rock are covered.
-laundry water line blow, cover
-accidental damage, not intension, is covered.

A list of what’s not covered:
-Acts of War
-Damage by birds, rodents, not covered
-earthquake
-legal

Insurance requirement when you are on extended leave:
-Once a week someone drop by even with 24/7 monitoring.
-During Winter, dont let house look vacant.

Discount on security monitor. Save about $60 only
7 replies
Deal Guru
User avatar
Oct 23, 2008
11701 posts
8171 upvotes
GTA, ON
The most important thing to take into consideration with TDMM is that their sewer backup and basement flooding coverage is one of the worst for insurance. Evaluate your risk factor. I have TDMM but I also live in a house at the top of the hill in an area with storm water management (flood ponds), so unless my neighbors like to pour oil, fat , grease down the drain, I dont have as much to worry about.
Tis banana is IRIE :razz:

10% off is cold, 50% off is warm, 75% off is hot, but FREE IS RFD!
[OP]
Sr. Member
Mar 7, 2008
637 posts
159 upvotes
Leask
chimaican wrote: The most important thing to take into consideration with TDMM is that their sewer backup and basement flooding coverage is one of the worst for insurance. Evaluate your risk factor. I have TDMM but I also live in a house at the top of the hill in an area with storm water management (flood ponds), so unless my neighbors like to pour oil, fat , grease down the drain, I dont have as much to worry about.
Oh mine...

Is it the amount that you are referring as. problematic? I plan to add "Extended Water Protection" with $100,000 value.

Or is it something else I need to know?
Jr. Member
Apr 8, 2013
125 posts
37 upvotes
Toronto
You might want to consider looking at other insurance companies. Certain insurance companies have better reputation for paying out claims than others. The last thing you want to be dealing with in the event of a significant loss is an insurer denying your claim over a loophole in their policy.
Deal Expert
Aug 22, 2011
35248 posts
21225 upvotes
Center of Universe
The extended water water protection coverage is more than enough.
Deal Addict
User avatar
Oct 9, 2010
2751 posts
912 upvotes
Windsor
I have them, prices were great, then I found out they have a professional engineer discount, which made them even better.

Admittedly, I haven't had to use my coverage yet, but I expect to be screwed about the same as I would with any other insurance company.
One who is offended by truth, has no place among those who seek wisdom.
Deal Addict
Jul 30, 2015
2587 posts
1557 upvotes
Toronto, ON
Is it normal for companies to not have earthquake insurance?
[OP]
Sr. Member
Mar 7, 2008
637 posts
159 upvotes
Leask
Yes, I added extended water coverage. Is a must!

Earthquake coverage is normally not included.

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