Most of Canada’s big banks offer insurance, including Scotiabank. On their website, Scotiabank has some information about their insurance offerings, including auto, life, health, travel, creditor, and home insurance. And by “some information,” we mean…some. There’s really not a lot of detail available on their website or when you get an online quote, so it’s really hard to know what’s available.
We went through the process of getting a home insurance quote for a single-family home in New Brunswick. And while we were able to determine that Scotiabank home insurance offers some of the basics, their website and online quote system didn’t tell us what was available for the rest of the options we outline below.
Scotiabank home insurance features
Here’s what little we could find out about Scotiabank home insurance.
Why You Want It
Feel protected with 24/7 claims service + Renewable coverage.
Special Features
- Discounts for being claim free
- Discounts for being mortgage-free
- Coverage for the contents of your home during a move
Provinces
ALL
Features
Liability Insurance
Personal Valuables Coverage
Actual Replacement Cost Of Home And Personal Belongings
Full Sewer Backup
Overland Water Coverage
See Issuer for Details
Hail Coverage
See Issuer for Details
First Claim Forgiveness
Replacement Cost Guarantee
Enhanced Deductible Waiver
Green Coverage
Additional Living Expenses
Home Sharing
Home Security Savings
Multi Home Savings
Newly Built Home Savings
Scotiabank home insurance rating: 3.9 stars
Unfortunately, due to the dearth of information we were able to find about Scotiabank’s home insurance offerings, we were unable to give it a better rating. They do offer the basics, but even after getting a quote (and letting them do a credit check in the process), we were unable to get a comprehensive sense of what features are or aren’t available.
Rating methodology
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Learn more about our rating methodology.
The pros of Scotiabank home insurance
What does Scotiabank have to offer? Here’s what we could figure out.
Pros
Offers the basics
They do offer the basics, including basic liability, personal valuables, replacement costs, sewer backup, and overland water damage coverages. Beyond that, we’re not sure, because they don’t say one way or another on their website or in their quotes.
Online quote is available
You can get an online quote for home insurance from Scotiabank, but the information it includes is similarly sparse. And, from what we could tell, it wasn’t any cheaper than other commonly available options.
The cons of Scotiabank home insurance
Unfortunately, Scotiabank’s website didn’t tell us much about their home insurance.
Cons
Very little information available on their website
When researching this article, we couldn’t find detailed information about what Scotiabank does or doesn’t offer in terms of home insurance. Only the very basics are outlined on the website, so we figured maybe there would be more information provided in the quote…
Similar lack of information in quotes
But there wasn’t. Even after filling out the form and giving them all of the information they asked for, all we received was a lackluster price and no more detail than we already had. This was particularly vexing because…
You have to call them (during business hours)
Which brings us to our final point. In spite of going through this whole process, we still had to call them in order to get any additional information and to make a purchase. Not only do you have to call them, you have to call them during regular business hours – Monday to Friday, between 8am and 6pm in your local time.
Scotiabank home insurance alternatives
Here are some other alternatives you might consider.
 |  |  |  | |
|---|---|---|---|---|
| Account | Scotiabank Home Insurance | Square One's home insurance | Allstate Home Insurance | The Co-Operators Home Insurance |
| Genius Rating | ||||
| Why You Want It | Feel protected with 24/7 claims service + Renewable coverage. | Rates start as low as $12 per month + Coverage is fully customizable and online. | Get a disappearing deductible + Extra discount options. | One-of-a-kind flood coverage + High customer satisfaction ratings. |
| Liability Insurance | | | | |
| Personal Valuables Coverage | | | | |
| Actual Replacement Cost Of Home And Personal Belongings | | | | |
| Full Sewer Backup | | | | |
| Overland Water Coverage | See Issuer for Details | | | |
Show More | ||||
| Get a quote See more Scotiabank products Compare | Get a quote See more Square One products Compare | Learn More See more Allstate products Compare | Learn More See more Co-operators products Compare |
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FAQ
Does Scotiabank offer home insurance?
Yes, Scotiabank offers home insurance, but their website doesn’t go into a lot of detail about what they actually have to offer.
Can I get a Scotiabank home insurance quote online?
You can, but be warned: in order to actually make a purchase, you have to call them during business hours to get more information or to make a purchase.
Does Scotiabank offer discounts on home insurance?
Yes, Scotiabank offers discounts for being claims-free and mortgage-free. They also offer discounts when you bundle home and car insurance together.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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