Vaughan Home InsuranceHome sweet home! Protecting your Vaughan home from unpredictable disasters should be a no-brainer, but you might want to take that extra second to pick the right home insurance.
- 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
Home insurance policies protect homeowners from unexpected expenses they may have to deal with following a disaster or unanticipated claims. Not all home insurance policies are the same though. Some policies cover more, others cover less depending on your particular needs.
What exactly does home insurance cover?
There is no quick answer to this question though we get it a lot. Each home insurance policy is different depending on your specific needs. Typically, home insurance policies will cover damage to the structure by way of fire, vandalism, freak accident (like tree damage), or lightning. You can add other hazards like flood or sewage backup. In addition to covering the building, your home insurance policy covers your personal contents. Your policy may offer funds to replace the value of items damaged due to the disaster.
Home insurance also covers events that take place on your property. If the delivery man hurts himself on your stairs and decides to sue you, or someone gets bit by your dog, your policy could cover the associated claims and legal defense costs.
While we can’t give you a definite answer to the question above, we can say that no matter the kind of home you live in there is a coverage option for you. Regardless if you live in a stand-alone home, a condo, a townhome, a high-value home, or even a seasonal property, Leibel Insurance Group will find the right policy for you.
How much does home insurance cost?
Home insurance costs will vary based on several unique factors:
A home with more risks will cost more to insure. If you live next to a large body of water or a coastline, insuring your home will cost more. Luckily that is not an issue in the Vaughan area.
Higher valued homes cost more to insure because they cost more to rebuild in the case of a claim.
If you have a higher deductible, your insurance premium will decrease. A deductible is the out of pocket amount you contribute to the claim cost.
Older homes cost more to insure because they are huge risks if they are not properly maintained.
What your housing situation is like
Are you married? Do you have children? Do family members live in the house with you? Do you smoke in your home? Pet owner? All of these factors can impact the amount you pay each year in insurance as this increases the risk. This is why it is vital to communicate your situation and any updates with your insurer. If not, you may not be covered adequately.
Do you have added security? Adding a higher level of security to your home can decrease your insurance costs each year. Just make sure you keep it up to date!
How “disaster-proof” your home is
What added measures have you added to protect your home from unexpected damage? Is your home correctly waterproofed? Do you maintain the roof?
Learn more about your home insurance options with just one phone call to Leibel Insurance Group! Our team has been helping homeowners find their perfect policy for over 40 years and always puts our customers first. Check out our countless testimonials from clients, as well as tens of insurance awards to know you’ve made the right choice in choosing Leibel Insurance Group.