News and Updates


Get more from your home insurance with the Education Extra Package


OTIP is a not-for-profit insurance advocate that proudly uses its profits to help fund meaningful and unique value-added programs for active and retired members of the Ontario education community. We have a well-earned reputation for protecting what matters most to our members: family, health, and property. We work with the best organizations to provide a full range of products and services built around members' needs. The Education Extra Package is an excellent example of this.

With the Education Extra Package, you can rest assured that all your belongings, whether at home or at school, are fully covered. Available exclusively through OTIP*, the Education Extra Package can be added to your home, condo, or tenant insurance policy to increase your personal property coverage, including the items you leave in your classroom. You can trust that everything you value is protected.

The chart below compares traditional home insurance coverage versus the coverage included in the Education Extra Package:
 

COVERAGE

POLICY LIMIT

EDUCATION EXTRA PACKAGE LIMIT

  • Personal property kept permanently at school

  • No coverage

  • $10,000

  • School board property temporarily removed from school premises

  • No coverage

  • $5,000

  • Books, tools and instruments for a business or profession

  • $2,500 (applicable only when on the premises)

  • $5,000 limit on premises

  • $2,500 limit in transit

  • Jewelry, watches, gems and fur garments

  • $6,000

  • $20,000 ($6,000 maximum per item)

  • Business records stored on a personal computer (occupation-related data only)

  • No coverage

  • $3,000


In addition to extended coverage for your teaching supplies and school board property, the Education Extra Package also enhances your protection for items such as mortgage payments, personal property belonging to a student attending school away from home ($25,000), and personal property belonging to a parent living in a nursing home ($20,000).

For just $60 a year, you can easily add the Education Extra Package to your existing home, condo, or tenant insurance policy. This additional coverage provides peace of mind, allowing you to focus on other priorities in your life, knowing that your belongings are protected.

If you’re not insured with OTIP* and are shopping for home insurance, call us at 1-833-494-0085.

* The Education Extra Package is an add-on available to Aviva Traders policyholders.

  News and Updates