Why is home insurance so expensive? What does it cover?
Homeowner with dogs - dog attack liability
Do you want to bring a Doberman Pinscher to your family? Have you purchased a Doberman Pinscher already? If so, you might encounter problems locating a homeowner insurance business that will cover your house & pet accountability, especially on dog attack liability.
Don’t leave the garage door remote in your car.
If you park outside a lot, don’t forget to take your garage remote in with you. One broken window and a thief could waltz right into your house. If you have a locking glove box, stash it there instead of on the visor. Don’t make a criminal’s job easier.
When should you file a claim?
The short answer is right away. Some homeowner's policies have time limits on claim reporting. If you miss your claim window, you don't only run the risk of an issue getting worse but also not getting it covered by your insurance provider.
Install ceiling fans in most rooms.
A ceiling fan not only keeps you comfortable it can also save you money. By circulating the air, a fan can keep your cooler in hot months and warmer in cooler months, allowing you to adjust your thermostat by a degree or two—just enough to save some money.
How do insurance companies determine your premium?
A lot of factors affect your homeowner’s insurance premium. Some include the age and condition of your home, the cost to rebuild it, the building materials used, the proximity of a fire department, the claims history of your neighborhood or community, and even the types of pets you have.
An ounce of prevention isn’t worth an increased premium.
Some people use their homeowner's insurance to fix all kinds of issues around their property. While that's fine, remember that homeowner's insurance is really designed to repair or replace your property in the event of an unexpected major loss.
Climate change is real and its costs to Canadian homeowners are increasing.
An increase in the severity and intensity of extreme weather events over time as a result of global climate change has resulted in more flooding and water damage to Canadian homes.
Never trust the label on a breaker panel.
You may be familiar with the list of labels inside your breaker panel, but are you sure the labels are accurate? Bad labelling or upgrades and remodels may mean these labels aren't reliable.
Where you live will affect how much your insurance costs.
Did you know that where you live could make a big difference in your homeowner's insurance premiums? If your house is in a flood plain or an area at a higher risk of severe weather or natural disasters, you will pay more for homeowner's insurance.