Following are some questions to ask your insurance provider before you purchase or renew your insurance:
- What kind of homeowners policy do I have, and who/what is covered under it?
- How do I know if I am adequately insured?
- What is not covered in my homeowners policy? (These are called “exclusions.”)
- Do I have replacement cost? Guaranteed replacement cost?
- What are the limitations on valuables, like jewellery, silverware, and computers?
- What does my policy cover me for in terms of water damage?
- What optional coverages should I consider?
- What is my deductible? How much money can I save on my premium by choosing a higher deductible?
- What safety features can I install that will help me save money and increase my protection?
- Does the company offer 24-hour claims service?
When you have a claim...
- Am I covered? For how much? (If not, why not? Show me where in the policy it explains that.)
- Is there a deductible? How much?
- Can I get assistance right now to make temporary repairs? How do I go about arranging the repairs?
- What do I need to do to file my claim as soon as possible?
- How long will it take to settle my claim?
Please note, these questions are intended as a helpful guideline only, and are not meant to be exhaustive.
News and Articles
- IBC proud to support new Toronto Home Resilience Pilot Program
- Significant flooding hits British Columbia: IBC issues tips to help consumers
- Insurance Bureau of Canada to help Canadian homeowners better understand the risk of flooding
- Communities across Canada participate in national effort to build wildfire resilience
- Peace Hills Insurance extends partnership with DAS Canada on Legal Expense Insurance
- Aviva Canada first to embed earthquake coverage in all policies for British Columbians
- 1 in 4 Quebecers ran into unexpected issues within 5 years of purchasing their property
- Nearly Half of Tenants Have No Renter’s Insurance
- Tips to protect your home in the spring melt: SGI
- Water Damage: Is It Covered Or Not?