Burlington Home Insurance

Get Home Insurance for your Burlington Home

Congratulations!! Buying a house is one of the most significant investments you’ll ever make, which means it also needs protecting. Home insurance is a necessary part of homeownership, and getting home insurance in Burlington can be made easier by working with a brokerage that helps you understand what options are available for you and comparing quotes.

Why do you need Burlington home insurance?

You need home insurance because it helps protect you, your home, and your belongings from financial ruin. In addition to covering the cost of rebuilding or repairing your home, you can get coverage for replacing personal possessions and additional living expenses if you are unable to live in your home. For example, if you can’t live in your house due to a fire or flood, this can leave you with no choice but to rent a hotel room until repairs are made. The cost of this can add up quickly; however, homeowners insurance will reimburse you for these costs and those related to moving items from one location to another, so they’re safe while repairs are being made.

What does home insurance in Burlington cover?

How much is home insurance in Burlington, Ontario?

Your home insurance rate will depend on several factors, including the age and type of home you have, the age of your roof, and whether it has been upgraded. You can also save money by adding a security system to your policy.

Home insurance rates in Burlington are very competitive and will vary depending on the type of coverage needed and where you live within Burlington. For example, homes located in newer communities with higher appraised values may be more expensive to insure than older properties in less affluent neighbourhoods. 

Is your house insured for rebuild cost or actual cash value?

There are different policies for different locations. Some homes are only insurable for the actual cash value and others are based on the rebuild cost. Actual cash value is different from market value as that includes the land which is not a factor for insurance companies. 

It’s important to know whether your home insurance policy covers rebuild cost or actual cash value because, in the event of a claim, the process varies slightly.

Want to know more? At Leibel Insurance, we aim to simplify insurance and get you the best rates and help you fully understand your coverage for life’s complications that may occur. Give us a call today at 1-866-484-8880 to learn more about your personalized insurance plan.

Get a Burlington Home Insurance Quote Today