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
- Alert Labs Commercial Leak and Flood Solutions to be offered by Chubb Fire & Security
- Manulife Brings Mortgage Protection Insurance Into the Digital World
- Canadians can now buy home and auto insurance directly from TDInsurance.com
- IoT Connected Devices in the Home: A Game-Changer for Homeowners Insurance
- QBE North America offers AI-assisted Customer Home Inspections through Flyreel
- Nexsys Technologies Partners with Lemonade to Simplify Homeowners Insurance Verification Process
- HomeEgg.com Launches First Free Digital Home Management Tool for U.S. Homeowners
- Working from home this summer means more regular access to the pool for young children
- Insurers to pay a record $1.2 billion to Albertans recovering from Calgary hailstorm
- IBC Congratulates BC Government on Introducing Strata Reforms