This question was just asked this week on a popular french consumer show called JE. They stated that according to the Insurance Bureau of Canada as long as a bike has pedals it is considered as a bicycle and IS covered by your home insurance regardless of whether or not there is an electric motor.
You can read the original article in french here
http://tva.canoe.ca/emissions/je/questions/25321.html
and an understandable google translation here ( "voler" was translated as flying instead of stolen)
http://translate.google.com/translat...-8&sl=fr&tl=en
They also gave the number for enquiries at
http://www.ibc.ca/en/Contact_Us.asp
1 877 288 4321 for Quebec
1-800-387-2880 for Ontario