Specialty Insurance

What Is Specialty Insurance?

Specialty insurance covers risks that fall outside traditional categories like home, auto, or health. It offers targeted protection for specific items, activities, or situations, including pets, identity theft, legal disputes, and recreational vehicles.

These policies are often optional but valuable, depending on your lifestyle, assets, and financial priorities. Whether you're looking to safeguard your identity or prepare for vet bills, specialty insurance fills the gaps that standard policies may leave behind.

Why Is Specialty Insurance Important?

Standard insurance policies don’t always cover everything. Specialty coverage ensures you’re protected in areas that matter personally or financially, especially when the cost of going without could be significant.

It’s about peace of mind. Whether you’re a pet owner, boat enthusiast, or concerned about identity theft, having the right type of specialty insurance can help you stay protected from risks that are often overlooked.

The benefits of specialty insurance for you

• Protect unique assets: Insure pets, recreational vehicles, or personal identity

• Reduce out-of-pocket costs: Get help covering legal fees, vet bills, or fraud recovery expenses

• Customize your coverage: Choose plans that reflect your specific lifestyle or risks

• Fill coverage gaps: Get protection where standard home, auto, or business insurance ends

• Plan for the unexpected: Access support when rare or unusual situations arise

Explore the Different Types of Specialty Insurance

The articles below break down the features, benefits, costs, and key considerations of each specialty insurance option available in Canada:

Identity Theft Insurance

• What Is Identity Theft Insurance and Do You Really Need It?: Learn how this policy helps protect your finances and credit if your identity is stolen

• What Does Identity Theft Insurance Cover in Canada?: Explore typical benefits like fraud monitoring, recovery costs, and legal support

• How Does Identity Theft Insurance Help After a Breach?: Understand what steps the insurer takes to restore your identity and accounts

Mortgage Insurance

• What Is Mortgage Insurance and How Does It Work?: Discover how this policy protects lenders or borrowers in case of default or death

• What’s the Difference Between Mortgage Insurance and Life Insurance?: Compare who is covered and how payouts are used

• Is Mortgage Insurance Mandatory When Buying a Home?: Learn when and why lenders may require this coverage

• Can You Cancel Mortgage Insurance Later?: See your options for removing coverage when your mortgage balance decreases

• How Is Mortgage Insurance Priced and Paid?: Understand how premiums are calculated and added to your mortgage

Pet Insurance

• What Is Pet Insurance and What Does It Cover?: Learn how this coverage helps pay for veterinary care, surgeries, and medications

• How Does Pet Insurance Work in Canada?: Explore how policies are structured, including premiums, deductibles, and reimbursement.

• Can You Get Pet Insurance for Pre-Existing Conditions?: Understand eligibility and how previous illnesses affect your policy

Legal Expense Insurance

• What Is Legal Expense Insurance and What Does It Cover?: Discover how this policy provides financial support for personal or business legal matters

• Who Should Consider Buying Legal Expense Insurance?: Learn who benefits most from having access to legal advice and coverage

• Can Legal Insurance Help with Employment, Tenant, or Family Disputes?: Explore which everyday legal issues are typically covered

• How Much Legal Coverage Do You Get with Legal Expense Insurance?: Understand coverage limits for legal costs and court fees

• Is Legal Expense Insurance Worth It for Small Business Owners?: See how this can help businesses manage legal costs

• How Is Legal Expense Insurance Different from Hiring a Lawyer?: Compare the benefits of ongoing coverage to case-by-case legal fees

Boat, Motorcycle, and RV Insurance

• What Is Recreational Vehicle Insurance and Who Needs It?: Learn how this policy covers boats, motorcycles, and RVs used for personal use

• How Does Insurance Work for Boats, Motorcycles, and RVs?: Understand how coverage applies to damage, liability, and theft

• What Does Motorcycle Insurance Typically Cover?: Explore protections for injuries, gear, and third-party claims

• Do You Need Separate Coverage for a Boat Trailer or Accessories?: Find out what’s included and when you need an add-on

• How Is Seasonal Use Covered Under RV or Boat Insurance?: See how policies adjust based on how often and when you use your vehicle