Home Insurance

For owners of detached, semi detached or town-houses. Home insurance provides coverage in the event of loss or damage by a covered peril to your home, outbuilding or contents. It also provides Liability coverage in the event of a law suit against you for damage or injury resulting from your negligence.

Qualifications

In order to qualify for a homeowners policy, you must have an insurable interest in the dwelling. The dwelling must also be free of any risks that the insurance company would consider unacceptable such as being in disrepair or unsafe to live in.

Required by law

Homeowners insurance is not required by law, however, it will likely be required in order to obtain a mortgage.

Things that can be covered

A homeowners policy has two parts: Property coverage and Liability coverage. The property coverage section provides protection for tangible items in the event of an insured loss. These tangible items include the house itself, the contents inside, detached structures, and any personal items like clothing or basic electronics you might carry around. It will also provide for additional living expenses if you have to find a place to stay in the event that your current home becomes uninhabitable.

The Liability coverage in a homeowners policy provides protection in the event that someone would sue you for negligence. If you have questions about your current policy or are looking for a solution that works for you, give us a call, we’d be happy to help.

Premiums based on

Premiums are based on a lot of different factors to ensure you aren’t paying more for your home insurance than you need to. These factors include, but aren’t limited to your selected limit of coverage based on the cost to replace your house and belongings, the age and construction of your home including the roof, plumbing, heating and electrical systems. It also considers the location of your home and how close it is to fire protection as well as any fire and theft alarms you may have. It also considers the claims history of the house to name a few factors.

Living in a Condo, Apartment or Rented House?

Tenants Insurance - Provides coverage for your contents in the event of loss or damage caused by an insured peril. Also, provides Liability coverage in the event of a law suit against you for damage or injury resulting from negligence.

Condominium Insurance - For owners of Condos. Provides coverage for your contents and parts of the dwelling you are required to insure as per your Condo Corporations bylaws for loss or damage caused by an insured peril. Also, provides Liability coverage in the event of a law suit against you for damage or injury resulting from negligence.

Own a Home Business?

If you run a business from your home such as consulting services, home daycare, repair shop etc. you may have equipment or be exposed to liability risks that a regular home policy won’t cover. Talk to us about your home-based business to see if you are covered. Sometimes, it’s just as easy as adding a little extra coverage onto your existing policy.