Your home is one of the most important assets you own. Whether you just bought a new home in Barrie, are moving locally, or want to save money on your existing home insurance policy, Insurance Hero can help you.
Home insurance covers residents for any repair or rebuilding that is caused by an insured peril. Perils might include fire, smoke, theft, vandalism, falling trees, and weather damages like lighting, wind, or hail. A home insurance policy might also cover the homeowner’s possessions, like furniture, clothes, and more.
With family-friendly neighborhoods, access to many outdoor amenities year-round, and proximity to Lake Simcoe and neighboring cities, Barrie is an ideal place to live. Since owning a home is one of the biggest investments people make for their futures, it’s important that the investment stays protected as a secure shelter for you and your family.
Request a homeowner’s insurance from Insurance Hero using our online form or call us at 1 (855) 777 4376.
What You Need to Know About Home Insurance in Barrie
A home insurance policy may help protect your property and its contents in case of theft, loss, or damage to the interior and exterior of your home and other properties. If your home is being rebuilt or repaired because of damages by an insured peril, your homeowner’s insurance policy may also include living costs incurred during that time, such as a hotel or rental expenses.
Although insurance companies offer pre-packaged homeowner’s policies with common coverages, you can also choose to customize your home insurance policy. For example, you can opt to be protected against all perils, or choose specific perils that you want coverage against. You can also choose the coverage limits and deductible amounts you want for your home insurance policy.
Your home insurance policy may cover loss and damage such as:
- Protection for your home
- Personal property that you and your family own, including furniture, electronics, clothes, and more
- Any detached structures, including sheds and carports
- Living expenses in case you need to find a new place to live temporarily while your home is being repaired or rebuilt
- Liability for property damages and bodily injuries caused to your neighbors or anyone else that’s on or visiting your property
Home Insurance Coverage
Although purchasing home insurance isn’t required by law in Ontario, we highly recommended it as a protection against potential loss and damage.
The types of home insurance you can purchase include:
- Homeowner’s insurance
- Condo insurance
- Tenant and renters insurance
- Cottage and seasonal insurance
Homeowner’s insurance covers private residences. Your insurance company may decide to cancel your home insurance policy if your house isn’t properly maintained. They could also reduce your insurance claim.
Condo insurance is for units within a condo building. Condo owners can purchase condo insurance to protect contents like appliances, furniture, items stored in a locker unit, etc. A portion of the building fees that a condo owner pays contributes to condo insurance.
Tenant and renters insurance is for people who live on a property they don’t own. It’s used to protect their belongings and provide liability coverage.
Cottage and seasonal insurance is for cottages or properties that you only live in during certain periods.
If you’re ready for home insurance, call us at 1-855-777-4376 (HERO) or use our online form today.