Let's be honest: Insurance coverage isn't always as simple as you'd like it to be. For new Calgary home owners, navigating through the do's and dont's of home insurance coverage by themselves can be downright impossible. To make the process slightly easier for you, Sharp Insurance has decided to compile a list of the 3 most common questions associated with home insurance coverage in Calgary... and answer them.
So without further ado, here they are:
- Do I need to be covered under a Calgary home insurance policy? Here's the thing: Canadian law doesn't require you to be covered under a home insurance policy. With that being said, however, just because you aren't required doesn't mean that you shouldn't. To answer the question, no, you don't have to, but yes, you should. Life simply comes with too many unplanned and unforeseen events for you not to be covered under a home insurance coverage.
- What do most Calgary home insurance policies cover? Most of the time, you can expect a home insurance policy to cover damage related to fire, arson, thievery and vandalism. Keep in mind, however, that insurance policies differ from company to company. As a result, reading through a policy before agreeing to it is of the utmost importance... and so is knowing exactly what the policy doesn't cover.
- How expensive is home insurance coverage in Calgary? Unfortunately, there is no "one-size-fits-all" answer to that question because it depends on many, many things. The overall value of your home plays the biggest role in determining how much money you will be paying each month, but so does the neighborhood it is located in, how secure it is and even how old it is. Remember though that premiums aren't set in stone; lowering them is very much possible. Just read through some of our earlier articles to learn how you can do that!