TD vs RBC Home Insurance
I looked through the forums and I couldn't find any updated/recent info so I was hoping to start a new thread.
It shouldn't matter for the questions I'm asking below. But the quotes were for a 2,500sqft detached home in Stouffville, Ontario.
I went through 2 brokers so far and the quote for the premium was $1,700 - $1,800 annually. Their cheapest rate came from CAA.
TD insurance quoted me $1,163/year.
RBC insurance quoted me $1,141/year.
All quotes were the same:
Inclusion of $10,000 for high value items (i.e. jewelry)
TD includes claim forgiveness.
TD was quoted with $50,000 extended water coverage (includes sewer backup and overland water coverage) with $2,500 deductible.
RBC can bump personal liability from $2,000,000 up to $4,000,000 for less than $0.50/year.
RBC was quoted with sewer backup up to policy limit and overland coverage for 20% of my personal property coverage (~$100,000).
I guess my main point for starting this thread was to gather some thoughts:
1) Any thoughts on why TD and RBC are so much cheaper than going through a brokerage ($600-$700 annual difference)?
2) Any thoughts on RBC insurance's service if you make a claim? I'm currently with TD insurance for auto and I'm pretty content with how they handle claims.
3) Is $50,000 extended water coverage from TD enough for a 2500sqft house? It's just a bit weird that TD you have a to pick an amount while other insurers cover water up to your limit. Should I stay away from TD because of this?