Two prominent examples of insurance policies that typically offer property and casualty coverage are car insurance and homeowners insurance. As of 2016, total auto insurance net claims in Canada were over twice that of both personal and commercial property insurance lines. In Ontario, the average monthly insurance cost for a home valued at between 300 to 700 thousand dollars amounted to 77 Canadian dollars in 2016. Other property and casualty insurance policies available in Canada include: renters insurance, landlord insurance, insurance for power sports equipments, flood and windstorm insurance as well as umbrella liability policies that protect assets of the insured in case they get sued.
Net premiums for property insurance in Canada have risen significantly over the last decades, both for commercial property as well as for personal property, which had net premiums rising exponentially from around three billion Canadian dollar in the early nineties to over 10 billion Canadian dollars by 2016. In that same year, net claims incurred by property and casualty insurance companies in Canada amounted to approximately 32 billion Canadian dollars and the value of premiums is projected to grow to about 25 billion Canadian dollars by 2025.