Square One Home Insurance: Are They a Trustworthy Provider?



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Square One is a reputable company that provides home insurance coverage to residents of British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario in Canada. They have been in business since 2011 and I have been using their services (rental insurance to be specific) since 2019.

If there’s one thing we’re all looking for, it’s security. Most of us vie for secure and stable careers, a secure and stable home, and more. What better way to add to this sense of security than by purchasing quality insurance?

Insurance is a great way for you to protect your most vulnerable assets, including but not limited to your home and car. But, we’re sure you understand that insurance is very important and useful; however, you might be one of many struggling to find a good insurance company. Luckily, there are many options, including Square One. Here, we’ll tell you everything there is to know about it, including their insurance plans, prices, pros and cons, and how you can get started.

Elevate your quality of life by finding the perfect insurance.

What is insurance?

You’ve probably heard of insurance several times in your life. You might have even had it since birth; however, do you know what it is?

Think of insurance as a security blanket. If you lose something of great value, such as your house, you’ll be reimbursed by your insurance company if you’ve insured that object. If you total your car, your insurance company can reimburse you for your losses or pay for your car’s repairs if you took insurance out.

Those without insurance are at risk for high financial losses, which is why getting insurance is important.

What is a policy?

A policy is the insurance you’re getting. It’s the contract you’ve agreed to get into with your insurance company. There are different policies depending on the kind of insurance you’re looking for and the company offering these policies.

What kind of insurance should I get?

There are several types of insurance you can get. If you’re not sure what you’re looking for just yet, here are some of the most common ones.

1. Life Insurance

Life insurance is one of the most common insurance you can get. And, it’s common for a reason. Life insurance is a type of insurance that pays a certain amount of money after the insured person’s death. Life insurance is a contract with your insurance company where your beneficiaries would be given a set amount of money if you were to pass away. Your beneficiaries are, more often than not, your family; however, this does differ on a case-to-case basis and it does depend on you.

Life insurance is something you should get so you can ensure that your loved ones live a financially secure life even without you in the picture, especially when you’re the family’s breadwinner.

2. Auto Insurance

Auto insurance is, as the name suggests, insurance that secures automated vehicles, from cars to motorcycles. Should an accident or theft occur, your insurance company can help you fight financial losses by reimbursing you or paying for your losses according to your outlined agreement.

3. Home Insurance

The third type of insurance we’ll be discussing is home insurance. This kind of insurance works the same way as auto insurance does, but you’ll be insuring your home rather than your vehicles.

You’ll receive reimbursements if something has happened to your home. The insurance company will pay for some, if not all, damages depending on the insurance you’re paying for.

What is Square One?

Square One is an online insurance agency operating and offering quality services in Alberta, British Columbia, Manitoba, Ontario and more since 2011. A Canadian-based insurance company works with you to get you the best insurance at the lowest rates. Square One is known for being the first insurance company to offer home insurance policies that can be customized to your liking.

What kind of insurance does Square One offer?

Let’s familiarise you with Square One by first showing you what kind of insurance Square One offers.

Square One focuses on home insurance. This means that you can benefit from Square One and the insurance they offer if you’re anyone from a homeowner to a condo owner or tenant.

Home insurance is pretty general so, let’s get more specific. The types of policies under home insurance you can get are tenant’s policies, condo policies, and homeowner policies. Let’s go over each one.

1. Tenant’s Policies

A tenant’s policy is an insurance policy that protects the tenant or those renting a property from losses because of property damage, loss of property, and more.

Tenants are in charge of caring for the property they’re renting. However, there will be times when you don’t, or you accidentally damage something. To protect yourself from the liability of harming the property or from financial losses that may occur, you should purchase a tenant’s insurance policy from Square One. The rates for these start at $12 per month.

2. Condo Policies

Next up are the condo policies. Condo insurance policies offered by Square One usually start at $40 per month. With this policy, you can protect yourself from severe financial loss pertaining to your condominium. Square One helps you pay for repairs that need to be done in your condominium unit and provides coverage in the event of fires, natural disasters, and other events that may cause damage to your condo.

3. Homeowner Policies

The homeowner policies offered by Square One start at $75 per month and cover the damages that may occur to your home in case of natural disasters, vandalism, and the like. Should these events occur, they will reimburse you and pay for the repairs your home will need, depending on the agreed-upon policy.

Is Square One insurance affordable?

Square One’s insurance is generally affordable because their plans are customizable so you can choose to include and exclude certain features to lower the rate.

However, the cost of your home insurance may increase or decrease depending on a few factors, including the value, age, and location of your property.

We’ll list down the starting prices of the tenant’s condo and homeowner policies again. Remember, these are starting prices. They can increase and decrease depending on your needs.

1. Tenant’s policies start at $12 per month.

2. Condo policies start at $40 per month.

3. Homeowner policies start at $75 per month.

The Pros and Cons of Getting Square One Insurance

Like most things, figuring out if Square One insurance is the right place to get insurance for you is a tricky decision. There’s nothing like a good old pro-con list to solve the problem.


1. The plans are customizable.

Most insurance companies have set plans you can choose from. What sets Square One apart is that you can customize coverage so the plans you’re paying for suit you best. These customizable plans can make your insurance more

2. Their rates are competitive.

No one likes to pay too much money on insurance, so finding the best possible rates is a must. It’s a good thing Square One offers competitive, low rates. While the typical home insurance costs over $100 per month, Square One’s costs much lower.

3. They have great customer service.

Insurance can be confusing, so customer service is where you turn to. Square One has great customer service that replies with around a 2-hour response time. If you’re worried about something, you can always call them.


1. You need to access their website.

Most insurance companies have apps where you can keep track of your insurance. Unfortunately, Square One has yet to have an app to make it more accessible for you to check on your insurance. You can access their website, which has everything you need, but you can’t check through a mobile app.

2. They don’t offer face-to-face consultations.

Most people prefer face-to-face meetings because they find them more convenient and efficient. When getting Square One insurance, keep in mind that they do not have an available office for you to visit to talk to them.

How do I contact Square One?

You can get in touch with Square One in different ways. Here are their different contact details.

Email – info@squareone.ca

Phone – 1.855.331.6933

Fax – 1.855.331.6935

Mail – Square One Insurance Services 650 West Georgia Street, Suite 1410 Vancouver, British Columbia V6B 4N8

How do I get insurance from Square One?

If you’ve decided to follow through and buy insurance from Square One, here’s a step-by-step guide to get you started.

1. Visit their website.

Everything from buying an insurance policy to getting a quote and making a claim can be done through the Square One website. Navigate to the link we provided or go to your preferred search engine and type in ‘Square One insurance’ on the search bar.

2. Get a quote.

Once on the website, click on ‘Get a Quote’. Make sure to enter your address. This feature will give you the possible cost of your insurance based on the details you’ve entered.

3. Agree on an insurance policy and buy it.

Based on the quote given, contact an agent from the company. The website should also provide further instructions once you’ve received a quote. From there, you and your agent should work together to agree on the insurance policy you think is best for you.

The Takeaway

Square One’s insurance is top-notch and straightforward. This is the company for those looking for more affordable options. Their customizable plans also help them stand out from the sea of insurance companies we’re sure you’re considering. If you’re looking for quality insurance at a competitive, affordable rate, Square One is the way to go.

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Avid researcher, freelance writer, and personal finance enthusiast passionate about financial education and literacy.

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Kareena Maya

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Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.

Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.