Homeowner Insurance

Honestly, homeowner insurance is not legally mandatory in Canada. But, if you need a mortgage, it’s often required by the bank or lender to have home insurance and display proof.

To get the best price and the right coverage, we’ll ask for some basic information about you and where you live. It’s okay, they’re not super hard questions or anything. Questions may include:

• When would you need your coverage to start?

• What type of home do you own? (House, Townhouse, Heritage, etc.)

• Where is your home located?

• What is the size and age of your home?

• What is the total value of the property in your home?

• Do you have any detached structures on your property?

• What material is your home made of?

• What is your insurance and claim history?

The questions really depend on the type of home you own and the amount of coverage you need.

Insurance companies determine rates differently for different insurance products.

For homeowner insurance, some factors that affect your premiums include: where you live, the replacement cost of your home, materials used to build your home, the age of your home and the coverages you need. Coverages can include personal contents coverage or optional coverage needs like increased limits for jewelry protection.

What your homeowner insurance policy covers really depends on you. Most home insurance policies come with certain standard coverages designed to help you repair damage to your home or replace belongings if something unexpected happens. These coverages often include personal property loss or damage, contents coverage, additional living expenses and liability. 

But you can also set limits and add extra coverages depending on your scenario. For example, you may live in a region that is prone to severe weather and require Sewer Backup or Overland Water coverage on your policy for proper protection. 

Also, it’s important to understand things your policy does not cover. For example, damage related to proper maintenance and service of your home is not included. And some personal belongings may have a maximum value on how much you can claim. 

A lot to chew on for sure. But we can help you build a homeowner insurance policy that covers everything you need. Either way, #winning.

Like we said, shopping for insurance is not fun. So think of us as your insurance partner. We’ll do everything we can to make getting the right coverage as smooth, simple and painless as possible. We know every insurance situation is unique, so we know the important questions and will learn about you to make sure your policy gives you the protection you need.

We’ll also cut through the industry jargon to make sure you understand your policy, and help you navigate optional coverages to recommend additional options you may want or need. 

With homeowner insurance especially, there are a lot of options, and it can be overwhelming to research. An insurance broker will help you build the right policy for your situation. As your needs change, your Specialist will also help you update your policy so you stay covered.

An insurance Specialist is also aware of discounts offered by insurance companies and can recommend combining products to save you time and money. In fact, some insurance companies and their products are only available through an insurance Specialist. Bottom line? We can save you money too.

If you need to file a claim, it’s okay, don’t worry, we’ll do it with you. We know accidents and claims happen, we’ve seen and heard it all. As your insurance partner and advocate, we will help you through it. Call us at 1-833-745-0299 and we’ll be here to help you navigate the situation, 24/7.