General Information

Ovation® is Aviva’s high net-worth insurance program. Here’s where Ovation’s® home policy is unique: we make life easier by covering your home, cottage, and other properties under one policy, while protecting you and your belongings wherever you are.

Product Coverage

All insurance policies are offered on an “All Risk” basis. This means that the dwelling is insured for all types of losses unless it is specifically excluded. Ovation’s® home policies offer worldwide coverage with higher coverage amounts and a range of policy add-ons. 

Some items you own may be subject to a specified limit of insurance for certain losses. This means that coverage for some items is limited to a pre-determined amount or limit depending on how the item is lost or damaged. Items that have special limits include:

• Jewelry, watches, gems, furs – up to $50,000
• Money, including cash cards or bullion – up to $2,500
• Watercraft – up to $5,000
• Wine or spirits on premises, up to a maximum of 15% of your coverage C content limits
• Fine art on premises is covered up to your full coverage C contents limit with no per item limit

Product Exclusion

This policy excludes flood, use of the dwelling for business or farming purposes, intentional damage and illegal activities.

• Max Coverage

  CAD
  100M

• Min Coverage

  CAD
  1M

Underwriting Expertise Profile

Our team of underwriters dedicated to this segment have specialized experience in underwriting and trading within the high net-worth space, and are focused on ensuring our broker partners receive best in class service.

• What are the most important things a customer should consider when shopping for a home policy? 
  •Does the policy meet your needs in terms of coverages and limits? Do you have special items that you may need additional coverage for such as valuable jewelry or artwork?
  
  •The amount of deductible – determine how much is reasonable for you to be responsible for if there is a claim.
  
  •Be aware of exclusions – keep in mind that not everything is covered by insurance. You may need to purchase separate coverage if you need it, e.g. Sewer Back-up or Earthquake coverage.
  
  •How reimbursement/indemnification works – if you need to make a claim under your policy, the basis of settlement will be one of the following; actual cash value, replacement cost and or guaranteed replacement cost

Information Disclaimer

This document is for information purposes only. The insurance products described in this document are subject to terms, conditions, restrictions and exclusions, which are outlined in our final policy wording. Please speak with your Aviva insurance broker if you would like to learn more. Aviva and the Aviva logo are trademarks used under license by the licensor. Ovation® and their associated word marks and logos are trademarks, designs and other forms of intellectual property owned by Aviva Canada Inc. Insurance products are underwritten by Aviva Insurance Company of Canada, Traders General Insurance Company and Elite Insurance Company.