insuranceBuying an older home? Paying for safety upgrades can save

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Buying an older home? Paying for safety upgrades can save you money


Installing or upgrading smoke alarms, CO2 detectors, smart locks and other safety equipment in an older home could save you money on your annual homeowner’s insurance premiums.

So go ahead and buy that fixer upper. As long as it has good bones, you should be covered.

Most homeowner insurance in the Canadian market is a combination of the following insurance types

  • Liability Insurance

  • The buildings, 

  • Contents 

  • loss of use (additional living expenses), 

  • or loss of other personal possessions 

Most importantly, the homeowner insurance provides some financial relief against disasters.

 

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