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Your home is one of life’s largest investments, so make sure you have the peace of mind that your house and belongings are adequately protected from the most prevalent risks here in BC, such as water damage, fire, earthquake, theft, and others.
With us, you will have the flexibility to select a home policy that specifically suits your needs in terms of perils you want to insure against, property you want to protect, and with coverage limits that makes the most sense for you.
Ensure you familiarize yourself with the specifics of your policy, since all policies will differ in terms of coverages, limits and exclusions. However, most homeowner policies will share the same base coverages.
Discounts
During the quoting process, we will also leverage your profile details to gain access to the most discounts possible among our insurance company partners. Details such as claims history, age of home, alarm system, and others, may decrease your premium with certain insurers. Ask one of our advisors for more details.
Claims
For information on the claims process, click here.
Policy Components
Amount you’re responsible to pay before an insurer pays a claim for a specific coverage. There can be separate deductibles for different coverages.
Amount owing to the insurance company for the outlined coverage for the duration of the policy term.
Maximum amount the insurance company has promised to pay for eligible claims under the associated coverage type, subject to the coverage exclusions.
Basic Coverages
Coverage for your dwelling and attached structures. ‘Dwelling’ coverage will usually also include permanently installed outdoor equipment, outdoor domestic water containers & attached equipment (incl. swimming pool, etc.), temporarily removed building fixtures/fittings, and sometimes outdoor plants/lawns.
Coverage for private structures on your premises that are detached from your primary dwelling, including structures only connected to the primary dwelling by fence or utility line.
Coverage for the contents of your dwelling, which usually includes your property while temporarily away from premises, property of others while on premises, and off-premises property of a dependent student insured by the policy while at college/university. Note there are special limits for individual types of property, i.e. business property, jewellery, bicycles, etc.
If your dwelling is unfit to live in due to damage from an insured peril, relocation expenses that are needed to maintain your normal standard of living are covered. Expenses are covered for the reasonable time needed to repair/rebuild your dwelling, or for your family to permanently settle elsewhere. Loss in rental income may also be covered if a rented portion of the dwelling is unfit for occupancy due to such insured peril.
Covers compensatory damages you are legally liable to 3rd parties for, due to the unintentional bodily injury or property damage from your personal actions or the use of your premises. Coverage may also include associated defense costs and supplementary payments.
Optional Coverage
There are several types of optional coverage for special water damage situations, but please note insurers may categorize and define each of these slightly differently, and they may or may not provide all of these coverages.
- Sewer Backup – covers loss/damage caused by the sudden and accidental backing up or escape of water or sewage through a sewer, drain, sump or septic system.
- Overland Water – covers loss/damage from surface water or overflow from a body of water (not coastal seawater) that suddenly enters your home from a point at or above ground level.
- Ground Water – covers loss/damage due to a rising water table or the loss/damage resulting from sudden and accidental entrance of ground water through basement walls, foundation or floors.
- Water/Sewer Lines – covers cost to repair/replace a ruptured sewer line or water service line on your premises or for which you’re responsible for.
Coverage for loss or damage arising from an earthquake.
Coverage for additional costs of demolition, construction or repairs required to comply with any law or code.
