Your home is likely the most valuable asset you own, your homeowner insurance policy should reflect its importance by insuring to full value. We encourage you to discuss and review your coverage annually, we’re here to help.
If you are like most Canadians, the dream of owning a home is one that you have been pursuing a considerable amount of time. This dream is implanted in us at a very early stage in life.
Your homeowner insurance isn't really a luxury, it's a must-have. So like most must-haves in life, we really don't enjoy paying more than we should just to have them. Just to make sure we're clear, we're not saying you should ever consider going without, it's important to have home insurance and to ensure that you carry adequate coverage by insuring to full value.
You likely can recall the horrific losses incurred in Fort McMurray as a result of catastrophic wildfires. No doubt, you remember the devastating floods in Alberta and Toronto. More recently, overland flooding in Quebec and wildfires in British Columbia have dominated the headlines over the past few months.
Ever had someone who's worked in insurance look at one of your personal belongings and then say "you should have a rider on that" or "ask your insurance company about putting that on a floater?" What are they talking about?
Your insurance company has told you about the importance of insuring your house to its full value, which is great advice! But are you also discussing insurance for your personal property, detached buildings, or additional living expenses when you review the policy with a professional insurance agent?
Effective August 1, 2016 Erie Mutual Insurance will begin offering Comprehensive Water Protection to eligible policyholders who already have sewer backup coverage in place and who live in a low risk area.