Real estate is expensive and insuring your real estate in Peterborough against potential financial loss is important. As a homeowner, you want to ensure you have a comprehensive home insurance policy to protect your property against unexpected damages or liability claims that could cause costly repercussions.
Home insurance covers repairs caused by a fire, theft, vandalism, falling structure, and weather damage. It protects your possessions, like furniture and clothes, as well as the possessions of your spouse and children.
Whether you want to change your existing policy or are first time home buyers, Insurance Hero can help you. We understand that home insurance is expensive and you have other financial goals and commitments to worry about as well. We partner with many insurance companies in Canada to provide you with a variety of insurance policy types and limits, so you have flexibility to choose the package you want without breaking the bank.
Ready to say goodbye to high home insurance premiums? Contact Insurance Hero today using our online form or call us at 1 (855) 777 4376.
What do you need to know about home insurance in Peterborough?
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 hotel or rental expenses.
Just like any insurance product, there are no standardized insurance policies that fit the needs of all homeowners. Although insurance companies offer pre-packaged homeowner’s policies with common coverages, you can also choose to customize your insurance package. 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:
- 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
The home insurance you can purchase includes:
- Homeowner’s insurance
- Condo insurance
- Tenant and renter’s insurance
- Cottage and seasonal insurance
Homeowner’s insurance covers private residences. Your insurance company may decide to cancel your home insurance policy if you don’t properly maintain your home. 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 renter’s 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. For example, if you only use your cottage during the summer months each year, you will only likely need property insurance to protect you and your guests during those months.
