insuranceYour insurance might not be cover as much as you think.

get online insurance quote

home insurance exclusion

You might not be as covered as you think.


As tempting as it might be to skim over the fine print, it’s important to read your homeowner’s policy. Most standard policies protect you in the event of fire, hail or even explosions. But floods and earthquakes and certain other natural disasters aren’t part of a typical policy.

For Canadians, earthquake insurance is almost essential anymore. Around 4,000 earthquakes are recorded each year, and the densely populated regions of British Columbia and Ontario/Quebec are located in active seismic zones.

What's Excluded 

Understanding your insurance policy to ensure you are covered before it happens. Your insurance broker are in your best interest to provide you with explanation on your coverage. In most cases of home owner insurance, there are options such as 

  • Optional Water coverage
  • Sewer backup
  • Overland flooding
  • Ground water

However, be cautious that home insurance is not maintenance plan, and therefore, any poor maintenance such as crack, leak on the wall due to age, will not be cover regardless. It is the homeowner's responsibility and best interest to ensure their property is properly maintain.

Other including earthquake, moving of earth insurance coverage is optional and may or may not be offered by insurance company. Always refer to your insurance broker if such coverage is needed.

Depending on package, having a broad or comprehensive coverage on home insurance does make a difference on the premium and the coverage on the property. Other options including the guaranty replacement cost based on the valuation of rebuilding cost, amount of personal content, co-insurance if under insured. All of these will contribute to lesser payout on claims. 

Refer to this article on how you should insure or estimating your house replacement cost and do a proper assessment on your property.

 

Social Share:
drone insurance canadaJust flying your drone for work or pleasure and let us take care of the insurance. Fly Your Drone with No Fear when you know you are Properly Protected with proper Drone Insurance. Typical coverage including a) Third-Party Personal Injury Coverage b) Cover Unexpected and Unpredictable Accidents and Liability. c) Protect the Drone and Accessories against physical damage, including the Cameras and Grounding Station. We can offer all the above insurance coverage at competitive rates for individuals, SME’s and larger corporations.
construction insurance typesBuilder's Risk insurance a form of insurance that covers a building where the building or insured area is presently being constructed. It can cover just the structure, or also the materials on-site waiting to be installed or transported to the job site and is a type of insurance that most owners will ask every contractor to carry.
the personal insurance expert, your insurance brokerThe certification recognizes our commitment to continuous learning, innovation and digital best practices.

Get Online Insurance Quote

Go to Top