TD uses some real sketchy policy wordings in some cases with their Gold, Silver and Bronze home wordings. You can get talked into a lower premium with coverage that is carved out to not give you full coverage in some of the most crucial areas such as wind, hail, internal water to name a few. I think their Bronze package is one of the worst wordings I have ever seen. If you are dealing with them stick to the Gold wording.
As for others, try to get a policy that hasn't increased the deductible for hail/water to $2,500 or $1,500 yet as many companies are quickly/quietly throwing in these new caps/restrictions and higher deductibles. When you are protecting your biggest asset, in many cases, you want full comprehensive, guaranteed replacement cost, coverage with a normal deductible amount and full coverage for the three biggest risks you face : Hail/Water/Fire. Shop around and get the best wording and realize that this is likely one area in the insurance world that you will likely want/need professional advice. Also having $2,000,000 liability on your policy should be an automatic and if you don't have it you are putting yourself at risk for $20/$30 per year.
The general insurance industry in Canada has had four consecutive years of billion dollar payouts from 2009, 2010, 2011, 2012. There will likely be another round of hail/wind this summer but this time many companies are in a position to reduce their exposure to these risks and almost certain claims payout events that come from operating in Southern Alberta. One thing I am surprised by is that companies haven't retreated from this market as if you take Intact as an example they last year paid out $3 Billion in claims much of it coming from losses in Alberta. There is clearly lots of variance in the policy wordings and this is where you need to start.
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