Home insurance

Home insurance

Home insurance protects you from having to pay out a huge amount at once, often at a very difficult and emotional time.

Although not mandated by law, insuring your house can give you peace of mind. With severe weather on the rise, confirming accurate replacement value and keeping a current home inventory are important steps. For high-value jewellery, furniture or art, separate endorsements are also available. Understand the limitations in your policy. Typically, additional living expenses are included if you are temporarily unable to live in your home due to an insured loss. Your Homeowners policy also generally provides your personal liability in case someone trips and falls on your property or in your home, or you damage a third party’s property or accidently injure someone else.

Buying Home Insurance

As a homeowner, you need to insure your house for its rebuilding costs in the event of serious damage or destruction. Know who and what is covered and understand the contractual obligations in your policy.