Comprehensive home insurance (also known as “all perils” insurance) is the most common type of coverage in Canada. It protects both your home and belongings against a wide range of incidents, not limited to a specific list of named perils. Comprehensive policies cover replacement costs for both the building and its contents.  Scenario: After a fire, a comprehensive policy pays for rebuilding the structure and replaces furniture, clothing, appliances, and electronics. It covers contents even if the house itself isn’t damaged (e.g., stolen items or damage from a power surge).