Home Insurance Broker AlbertaYour Home is Your Castle. Home Insurance Protects Your Largest Investment, so You Should Rest Easy Knowing You're Covered!
- Rest Easy Knowing Your Insurance Broker Helped You Find the Right Policy with the Best Coverage
- Protect Your Biggest Investment from Unexpected Large Losses or Claims
- Coverage Against Unanticipated Liability Claims and Defence Costs
Alberta’s Best Home Insurance Broker
Don’t Let Life’s Unknowns Damage or Destroy Your Home
Your home is your biggest and most important investment. Naturally, you want to protect this investment. You need the best Home Insurance policy you can afford, but how do you know you have the right coverage and lowest premiums?
A Closer Look at Home Owners Insurance
When most people think of Homeowners coverage, they think of another way the insurance companies get money from us. However, the truth is, insurance is the best way to cover your potential risks since no one can accurately predict the future. Your homeowner policy protects you from extensive damages, injury expenses, and lawsuits.
Types of Alberta Home Insurance Policies
We care about our clients and will take the time to create long-term relationships. We will provide you with all the details you need and will start with the three main types of home insurance plans you can consider.
Basic Home Insurance
This type of insurance will only protect your home and physical contents from specific risks listed in your policy.
Broad Home Insurance
Protect your home from all standard risks, but will only protect your contents from the risks that are listed in your policy.
Comprehensive Home Insurance
This type of insurance will protect your home and physical contents from all risks of loss and damage. The only time your home and physical contents will not be protected is if there is are items specifically excluded from your policy.
Not all home insurance policies are the same, and we will discuss each type to help you make informed decisions regarding your property. We will listen to your needs and will make professional recommendations to ensure your policy provides you with the protection you need.
Most homeowners choose a comprehensive home insurance policy because it provides the highest level of protection.
What Does Home Insurance Cover in Alberta?
Damage to Your Home
Your policy will cover your dwelling structure along with detached structures on your property, like a garage or shed, for example.
Loss of Personal Items
You will have coverage for all of your personal belongings on your property, in the event of a natural disaster or a break-in.
You can receive protection against lawsuits from personal actions and injury that may occur on your property.
Additional Living Expenses
Your policy will cover you for additional living expenses if your home is severely damaged, and you are unable to live in it while repairs are being made.
It’s equally important to have an understanding of what is not covered by Alberta home insurance policies. There will be exclusions, and knowing this information will prevent unpleasant surprises.
Generally speaking, the following are not included:
- Deliberate damage
- Wear and tear or neglect
- Pest and infestation issues
- Frozen pipes
- Business Activity
- Injuries caused by dangerous dog breeds
Getting Home Insurance in Alberta
Home insurance is a must because it will provide you with peace of mind. While it is not required by law in Alberta, it is required by your mortgage company. It would be wise to look into a home insurance policy, and Leibel Insurance can offer you the right protection you need.
Unexpected events will occur, and should an event happen, our team will make sure your property is covered. Water damage, fires, and theft are just a few examples of things that can happen, and home insurance will protect you from these types of risks. Our reputable brokers will discuss every detail to offer you the best coverage possible as we listen to your needs and your concerns, helping you make an informed decision regarding the policy that’s right for you.
In Alberta specifically, floods are a big risk, so we can discuss this aspect and help you select the right insurance policy. Fort McMurray has experienced wildfires, so this, too, would have to be considered, and we can discuss all of the add-ons that would apply to your home based on the city you are living in.
We offer home insurance coverage to clients right across Alberta, so whether you have a condo in downtown Calgary, a house in Red Deer, or you need home insurance in Edmonton, we will provide you with the right coverage that is ideal for your situation. We understand that every property is unique and every homeowner has different needs, so we will provide you with what you’re after. You will be able to choose between a comprehensive, basic, or broad policy, and we will discuss and compare the advantages of each to help you make the right choice. We will go over these three main types of coverage to help you make an informed decision and will provide you with our professional recommendation.
Looking for ways to help manage your home insurance premiums? There are a number of factors that can affect your home insurance premiums if you are in Alberta, including your property type, location, internal construction, and your roof, just to name a few examples. Home insurance providers will look at these factors when determining your premiums, and here at Leibel Insurance, we will do everything we can to provide you with the best quotes from the insurers that we represent.
Home Insurance FAQs
Does Everyone Need Home Insurance Coverage?
If you own a house or residence, you should consider insuring it. In fact, it’s not an option if you have a mortgage on your home, because the lender wants their financial interests protected. Even if you are only renting a house or apartment, you should have the contents insured against damage and theft, because your landlord’s property insurance doesn’t cover your possessions or legal liability if your dog bites someone. Here are properties that should be fully insured:
What’s in a Standard Home Insurance Policy?
A standard home insurance policy can help you secure financial protection for your home and personal belongings. It is made up of different types of coverages that can help you pay to repair or replace your home or belongings should damage from insured perils occur.
All typical home insurance policies will provide you with something called liability coverage. This coverage will protect you if someone who does not live with you becomes injured on your property. Imagine a visitor trips and falls over your broken porch steps, or a neighbour slips on ice in front of your home. If you are found at fault, the liability insurance can help you cover the legal or medical expenses associated. You may be able to increase your coverage limit and your agent can help explain the options that are available to you.
If you or anyone living in your home is a victim of theft, your home insurance policy can help you replace your stolen possessions. Your personal belongings will be covered whether they are stolen inside or outside of your home.
House fires are one of the most common causes of damage to homes. Your home insurance policy will help protect structures and belongings against them. If your home is completely destroyed by a fire, your policy will also cover the cost of living expenses, for example, hotel stays, rentals, or food and restaurant bills.
Vandalism is typically covered under an all-risks or all-perils policy, unless specifically excluded. Vandalism coverage will apply to homes that are unoccupied, but not vacant. Unoccupied homes are homes that still have the owner’s belongings in them even though the property owner is absent. Vacant homes are empty with none of the owner’s personal property.
What options do I have for Home Insurance?
Standard insurance is not usually enough and you might need to consider these important insurance options for your home.
- Flood Insurance
- Sewer backup coverage
- Identity Theft protection
- Extra Liability insurance
- Additional contents – can include luxury items, antiques, collections, art, and such.
- Replacement cost coverage
- All risk or peril insurance
What Home Owners Insurance Discounts are Available?
You may find a number of discounts and factors that affect your premiums to review when you speak with your insurance agent. For example:
- Burglar alarm systems
- Sewer backup prevention equipment
- Multiple policy discounts
- Discount for non-smokers
- New roof
- Mortgage free
What Does (and Doesn’t) Home Insurance Cover in the Winter?
Winter brings a sense of beauty on calm, snowy Alberta nights. It can also bring calamity when enough snow and ice build up on your property. Unfortunately, home insurance policies are not all-encompassing, so your personal policy may not cover some damage caused by winter weather.
However, there are a few things that your insurance will not cover, no matter how extensive your policy is. This includes frozen pipes that burst due to the occupant(s) being away for an extended period of time without having someone checking up on the property. If you know you will be away from your home for more than a week, have a friend or relative check on your house every few days to ensure that the pipes are warm and the property is clear of heavy snow.
Here are some common damages that the winter weather can cause:
- Flooding from snow or burst pipes
- Collapsed roof from heavy snow or a nearby tree that has fallen
- Leaks from ice dams
- Hail and wind
How to Make a Home Insurance Claim?
Making a home insurance claim is not always easy, but Leibel Insurance Group will guide you through the process.
Understanding the claims process will make things a lot easier, and having the right information will prevent undue stress during an already stressful situation. For starters, you must have all of the details related to the claim, including the time, date, location, circumstances, cause, and extent of the damage. The more details you can provide, the better your claim will be when it starts. Use photos or videos to record the damage, and do not discard any contents before they are assessed.
If you have to move out of the home during the claim, additional living expenses and their coverage limits may activate. If it does, your claims adjuster will review details with you including how you must keep all payment receipts for these additional living costs to claim the expenses. The claims adjuster will look into your policy and the facts related to the claim, along with the documents to determine coverage for the loss.
Damage to your home is very upsetting, but you have to step back to assess the situation. If a burglary takes place, call the police right away. If you are dealing with a flood, take any steps you can to prevent further damage. Protect yourself and your family at all times and once you do an overview of the damage, contact your insurer as soon as possible so that they can assist you with the claims process.
With Leibel Insurance Group’s dedicated Claims Advocate to assist you during your claim, you can rest assured that someone is working with you and helping to move your claim along quicker so you can get back to your daily pre-claim routine.
We care about our clients and make this process quick, so if you are a homeowner, condominium owner, or just have a tenant’s policy do not hesitate to contact us if you have any questions or concerns. We can gladly provide you with more details, so contact us today if you are looking for home insurance quotes or condo insurance!
Finding the Best Insurance
Finding the right Homeowners Insurance policy can be difficult. All the companies claim to have the best policies, but you need coverage that is best for you and your family. This is the reason so many people in Canada are turning to independent insurance agencies like Leibel Insurance Group.
When you go with an independent agent you have an insurance advocate working for you and this person has your best interests at heart. There’s no more shopping around to find the best policies. Your agent does all that for you and much more. With access to top insurers, you can be assured of getting a policy customized to your needs, and at an affordable price too.
Filing a Claim
Leibel Insurance Group has more than 30 years of experience in the insurance industry. We are there to help make sure your claim is handled properly. When you need to make a claim, contact the company directly, and they will notify us. We are there to offer any assistance you may need and we will follow up to make sure your claim was handled satisfactorily.
When you do business with us you are never alone. We can help you find affordable Home Owners Insurance that covers all your needs. You can contact us by phone, fax, email, or in person. For questions on insurance or information on a policy assessment, you may call (780)484-8880. Call or fill out the free quote request form above today!
Intact Insurance – Enhanced Water Damage Package
Intact is now offering Enhanced Water Damage coverage. This coverage will be available to you midterm or on your property renewal date.
This Enhanced Water Damage coverage is a replacement to the current Water Escape/Back-Up Extension Endorsement. This coverage extends to cover overland water losses, and water and sewer line losses.
Various coverage limits are available for customers. You will have the choice and ability to customize your coverage based on your individual needs.
Check out Intact’s informational video about this new coverage. Please contact your Broker for further information or to speak with your Broker about adding this coverage to your policy. Get your free Canada Home Insurance quote today to see how much you can save!
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