A house is one of the most important acquisitions you will make in your lifetime. What would you do if you lost your home in a fire? If a tree fell on your house? If someone injured themselves on your property or if you injured a party in a sporting event? If water seeped in or if your water heater suddenly broke an important leak?
Your broker is there to answer your questions and demistify the terms and clauses of insurance contracts.
CO-OWNER insurance
You live in a condo. What items do you need to insure? What personal property is excluded from the insurance coverage? What perils does the policy cover? Is the building sufficiently insured? What is Condominium association liability insurance? What is Boiler and Machinery coverage?
TENANT insurance
Why get Tenant insurance if you only own a few pieces of furniture that is, according to you? A quick inventory of your belongings: food, dishes, clothing, appliances, draperies, bed linens… would you be able to buy back all those necessities on such short notice without seriously jeopardizing your budget?
You could also be victim of the carelessness of another tenant in your building. Would they be able to compensate you if your belongings were destroyed in a fire caused by them? How many times have you seen on the news that tenants of a building lost everything they owned in a fire caused by their lack of caution – oil forgotten in a pan on the stovetop at 2 a.m., a lit candle tipped over by the cat, setting the building ablaze?
Factors that influence the cost of home insurance:
- The location
- The year of construction
- The rebuilding cost
- Your occupation/profession
- The type of heating system
- A pool or spa, an alarm system
- If professional or commercial activities are practiced on the premises
- Your credit rating
- Your claims record
* By combining your insurance contracts with us you could get interesting rebates along with a dedicated service!