Residential

With Red River Mutual’s Broad and Comprehensive Homeowners Package Policies, you’ll get all the coverage you need for one low premium. 

Broad Package Policies

Our Broad Package Policies provide:

  • Named perils coverage on personal property, as listed in our Standard Package
  • All-risk coverage on dwellings

Comprehensive Package Policies

Our Comprehensive Package Policies provide:

  • All-risk coverage on both the dwelling and personal property

 Additional Coverages

Our package policies also include the following at no additional charge:

  • Enhanced special limits on Broad and Comprehensive Packages
  • $1,000,000 personal liability coverage (with the option to increase to 2,000,000 or 5,000,000)
  • $1,000 voluntary medical payments
  • $250 voluntary property damage coverage
  • Coverage for detached private structures
  • Coverage for additional living expenses
  • Coverage for personal property temporarily removed
  • Debris removal after an insured loss (additional 5%)
  • Emergency entry property damage
  • Personal property of students away from home
  • Personal property of an insured or parent in a nursing home
  • Replacement cost on contents
  • Inflation guard endorsement
  • Credit card, bank card coverage
  • Fire department charges coverage
  • Home freezer & food spoilage coverage
  • Mass evacuation coverage
  • Lock repair and replacement coverage
  • Disappearing deductible if a fire loss is $10,000 or more

Optional Coverage for Package Policies
The following optional coverage can be added to any of our package policies

  • Single inclusive limits
  • Enhanced special limits (incl. on Broad or Comprehensive Packages)
  • Identity theft endorsement (incl. on Broad or Comprehensive Packages, except Seasonal)
  • Guaranteed rebuilding cost
  • Sewer back-up
  • Reduced glass deductible
  • Building by-laws

Certain limitations or exclusions may apply. Actual policy wordings govern.

Enhanced Homeowners Coverage

If your home is less than 35 years old and the estimated replacement value is $275,000 or highers you may also qualify for our enhanced homeowners coverage that includes, at no additional charge:

  • $1,000 voluntary property damage coverage
  • Our single inclusive limits endorsement
  • Personal liability coverage increased to $2,000,000
  • Guaranteed rebuilding cost endorsement
  • $50 glass deductible endorsement
  • $5,000 voluntary medical payments coverage

Condo Owners

Owning a Condominium Unit comes with unique challenges and potential perils.

Floater Coverages

Our floater coverages and endorsements provide additional coverage for items that may have a special limit of insurance or may not otherwise be covered under our package policies. These floaters include:

  • Personal articles floater (e.g. jewellery, furs, cellular telephones, stamps, musical instruments, and photography equipment)
  • Boat and motor floater (including Jet Skies and personal water crafts)
  • Fine art floater
  • Sports equipment floater
  • Personal computer floater
  • Eye glasses and/or hearing aid floater
  • Motorized vehicle floater
  • Bicycle floater

For the Cottage

You can add coverage for a seasonal cottage or trailer to your Homeowners Package Policy. Ask your broker to see if you qualify for Red River Mutual’s Seasonal Homeowners Package

For Your Investment Properties

If you own investment (rental) properties, you can add up to four rental properties to your Homeowners Package Policy. 

 

Extra

We are pleased to offer ‘Extra’, an enhanced home insurance policy designed for high-value homeowners who take those extra steps to avoid losses in the first place.

  • You’ve worked extra hard to get where you are today
  • You pay extra attention to keep your family and home safe.
  • You deserve some extra protection.

‘Extra’ provides exceptional protection and peace-of-mind.

Home Equipment Breakdown Coverage

Red River Mutual is pleased to offer an affordable alternative to costly product and home warrany plans: Home Equipment Breakdown Coverage through your Homeowners Insurance Policy. Whether you are a renter or a high-value homeowner, we have your equipment breakdown exposures covered. Including:

  • Media Systems
  • PC & Laptops
  • Dishwashers
  • Pool Filtration
  • Washer/Dryer
  • Ranges/Ovens
  • Water Heater
  • Refrigerator
  • Vacuum Systems
  • AC System
  • Heating Systems
  • Deep Well Pumps

Make Sure You’re Covered

Policy Discounts

Our package policies provide the best possible coverage for your premium. In addition to our competitive rates, you may also qualify for one or more of our policy discounts. These include:

Claims Free Discount
We offer both a 10% – 3 year and 15% – 5 year “claims free” discount for policy holders who have had insurance coverage for 3 to 5 consecutive years with no claims. As an added feature, wind and hail are not considered as claims against this discount (Available in Manitoba Only).

New Home Discount
If your home is less than 30 years old you will qualify for up to a 20% discount to your homeowners premium.

Mortgage Free Discount
If your owner occupied home is mortgage free, you qualify for a 10% discount (not applicable to mobile homes).

Alarm Discount
We offer a 15% discount to your homeowners premium if a central monitored burglary alarm has been installed in your dwelling and a 5% discount for a local alarm system.

Mature Citizens Discount
If you are 50 years of age or older, you qualify for an additional 10% discount. This increases to 15% at age 60.

Deductible Discount
If you choose to increase your policy deductible from our standard deductible we will discount your policy premium, relative to the amount of the increase requested.

 

Resources

Download — Personal Articles Floaters Checklist