If you’re like most Canadians, your home could very well be the most expensive asset you own. However, even the most well-constructed home is still vulnerable to fire, lightning, or theft. A solid home insurance policy makes it possible for you to be protected financially if you have the misfortune of being hit with an insured peril that leaves your home in need of repairs.
As a company, Insurance Hero has been a leading home insurance broker in Richmond Hill for years. Whether you’re closing on your dream home or you’re looking to update your policy after renovations, our team can get you the coverage you need at a competitive rate.
Home Insurance Coverage
When it comes to your home insurance, it’s important to make sure that you’ve got a policy that addresses the nuances of your situation. After all, details like the location of your home or the state of your basement can have a surprisingly large effect on your insurance requirements.
Even though many home insurance products will have major differences, there are certain items that you’ll see being mentioned across multiple plans. Some of these would include:
Property you keep inside the house like rugs or furniture
Rent and living expenses if you and your family need to relocate while your house is being repaired or rebuilt in the aftermath of an insured peril
The house
Types Of Home Insurance In Richmond Hill
As a general rule, home insurance comes in two main forms:
A policy that only covers you against a specific list of named perils
A policy that covers you against everything except for what’s named in the policy
Depending on your circumstances, either one could be your best option. Your Insurance Hero broker will evaluate your risk profile recommending the combination of policies that will save you the most money while giving you the right amount and the right type of coverage.
What You Should Know About Home Insurance In Richmond Hill
If you’re a current or future homeowner in Richmond Hill, there are a few details to keep in mind as you work towards securing a home insurance policy:
Your Home Insurance Needs Can Change Over Time
If you are planning to make major renovations or upgrades to your property, the policy you take out now might not accurately reflect the future value of your property. For this reason, we recommend that you check in with your broker periodically to make sure that your home insurance is up to date.
Don’t Take Out More Home Insurance Than You Need
When you’re trying to avoid being underinsured, it’s easy to go towards the opposite extreme. However, as important as it is to make sure that your home and your personal belongings are covered, you don’t need to take out excessive amounts of insurance to secure adequate coverage.
How Do Insurance Brokers Work In Richmond Hill?
Brokers can offer you a selection of plans through their insurance partners. Instead of choosing between the policies offered by a single provider, a broker can look through several options on your behalf in order to find the best coverage options available.
In addition, because brokers are paid by the insurance company, you don’t have to worry about paying your broker out of pocket. As a matter of fact, the home insurance policies that you can get through a broker like Insurance Hero will often save you money in the long run.
Can You Switch To A Different Insurance Broker In Richmond?
Yes!
Some brokers may not have the experience required to handle the finer details of your home insurance needs. Others may not specialize in the type of insurance you’re looking for.
At the end of the day, it’s important to work with a broker you trust. Here at Insurance Hero, we bring a refreshing combination of professionalism and expertise to the table for our clients. If you’re interested in finding a new home insurance broker in Richmond Hill, feel free to get in touch with us!
What Should I Look For When Buying Home Insurance?
The exact details will depend on what you and your broker are able to find, but there are a few considerations that you may wish to pursue:
Liability Coverage
If your dog bites a guest or someone is hurt while trying out your pool, you could be sued by the person who’s been injured. A solid home insurance policy can cover both legal expenses and the cost of defending yourself.
A Solid History of Handling Claims
When you’re paying your insurance from month to month, things can seem like they’re going well. But if your house were to sustain smoke damage after a fire or if a neighbour was to get hurt while going up your driveway, the last thing you need is a difficult insurance provider. Asking for an overview of the claims process can spare you a lot of trouble in the long run.
Competitive Pricing
Depending on the details of your coverage, your home insurance policy might cost you hundreds of dollars each month to maintain. Although it’s possible to play around with your deductibles in order to lower your premiums, there’s a balance that needs to be struck. Your Insurance Hero broker will be able to walk you through your most affordable home insurance options.
