At OTIP, we understand that educators have unique insurance needs that sometimes fall outside of the more traditional home insurance policies. That's why we offer the Education Extra Package to help you have peace of mind that all of your assets are covered, whether they're with you at home or you leave them at school.
The Education Extra Package is available exclusively through OTIP* and can be added to your home, condo or tenants insurance to increase your coverage of your personal property, including the items you leave in your classroom.
The below chart compares the coverage between a traditional home insurance policy and one that includes 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 pertaining to a business or profession |
$2,500 (applicable only while on the premises) |
$5,000 limit on premise
$2,500 limit in transit
|
| Jewelry, watches, gems and fur garments |
$6,000 |
$20,000 ($6,000 maximum per item) |
| Business records stored in personal computer (occupation-related data only) |
No coverage |
$3,000 |
In addition to extended coverage that protects your teaching supplies and even school board property, this package also provides enhanced coverage for additional items including mortgage payment protection and business records.
Adding the Education Extra Package to your home insurance policy costs just $60 a year. Knowing that your teaching supplies are included in your coverage gives you more time to focus on the things that matter, like your students and lesson plans.
If you are a current OTIP policy holder* and want to update your policy call 1-800-267-6847. If you are interested in learning more about the coverage OTIP has to offer, call 1-844-576-9588 to discuss your options.
*The Education Extra Package is an add-on available to Aviva Traders policyholders .