What is Home Insurance?
Home Insurance can protect your home and personal property for losses caused by such perils as Fire, Burglary, Theft, Vandalism, Windstorm, Hail, Falling Objects, and other losses. Home Insurance is required for anyone in British Columbia who has a mortgage on their home or a line of credit secured against your home.
What does Home Insurance cover?
The majority of Comprehensive Home Insurance Package Policies include all-risk coverage for the following:
- Primary Building
- Detached Structures
- Personal Property (contents)
- Additional Living Expenses
- Personal Liability
Optional coverages available include:
- Sewer/Drain Back-up
- Earthquake Deductible Buyback.
- Overland Water (Flood)
- Personal Umbrella Liability
- Scheduled Personal Items, eg. Jewellery, Artwork, Bicycles, Etc.
Why should I get my Home Insurance from ac&d?
ac&d represents over 20 Insurance Companies. In the Insurance Industry we call an Insurance Company’s target market their “appetite”. Most Insurance companies have a specific appetite that others may not have. If your broker does not carry a company with an appetite for your risk, you may be paying too much for your Home Insurance. Representing over 15 Insurance Companies we can ensure you get the full story on your Home Insurance. Some Insurance Companies also limit coverage for certain items such as Jewellery. Most Insurance Companies have a limit of $6000 for Jewellery and some have a limit as high as $10,000. If you have $10,000 in Jewellery and your Broker only offers companies with limits of $6000, you may have troubles being fully reimbursed for a loss, or you may have to pay extra to schedule this Jewellery separately.
How much does Home Insurance cost?
The cost of Home Insurance depends on many factors such as claims history, age of occupants, age of your dwelling, estimated cost to rebuild your dwelling, coverage enhancements such as earthquake or sewer back-up, amongst other things. Fortunately with ac&d Insurance we are able to quote your coverage with 20 different Insurance Companies which allows you to choose the right combination of price and coverage. Please call us for a free no obligation quote on your Home Insurance or Request a Quote.