Quebec Brokerage Qubit Insurance Announces New Data on Coverage Shortfalls as Rebuilding Costs Rise
Montreal, Canada, September 12th, 2026, FinanceWire
Qubit Insurance, an independent, AMF-licensed brokerage serving clients across Quebec, has revealed that a significant portion of Quebec homeowners may be underinsured due to rising construction costs. In a recent review of 1,200 new client policies, the brokerage found that 38% were underinsured relative to current rebuilding costs by an average of 16%.
According to Qubit Insurance, this discrepancy can trigger a co-insurance clause built into many home insurance policies, potentially reducing claim payouts even on partial losses. Many homeowners assume their insurance will cover the full cost of rebuilding after a loss, such as a fire or flood. However, if a home is insured for less than its true rebuild cost, an insurer may only pay o...
