Before You Shop for Home Insurance in Brantford

Do you own a property in Brantford? Maybe you are thinking about buying a new home in Ontario? A home is one of your most important investments and it is vital to protected it from a number of hazards. Insurance may not help you avoid some of life's tragedies, but at least you won't have to face financial disaster. Take the example of Fred and Henrietta P.

Henrietta and Fred were very proud of their first house, and it took them many years to scrimp and save for the down payment money. Henrietta loved interior decorating and she spent a great deal of money and time, getting the house just the way she wanted it. The couple also hired a professional landscape company to enhance their home's natural beauty. However, they had no idea that just around the corner, disaster was waiting.

Summers in Southern Ontario can be lovely, but sometimes the warm summer days spawn some nasty thunderstorms. One afternoon, a large storm came out of nowhere, with hard rain and fierce lightning. In fact, a bolt of lightning hit a large tree beside Fred and Henrietta's home. The lightning was so intense that a large tree limb caught fire and fell on the roof. This started a huge fire that destroyed their home.

The next day, the couple surveyed all the damages and they were heartbroken. However, Fred reminded his wife of the "silver lining" to this disaster. Their insurance broker told them about the importance of guaranteed replacement cost coverage for their homeowners insurance policy, and it paid to have their entire house completely rebuilt.

What is Home Owners Insurance?

Home and property insurance is designed to protect you from a number of hazards, such as:

  • Windstorms
  • Sewer and Water Backup
  • Vandalism
  • Burglary and Theft
  • Falling objects
  • Mysterious Disappearance
  • Fire and smoke damage
  • Impact from vehicles

Who Needs This Insurance?

If you own a residential home it needs insurance. However, there are other properties you also may need to insure, such as:

  • Condos
  • Townhomes
  • Cottages or vacation homes - includes log cabins
  • Luxury or high value homes - these properties need special insurance for expensive features and possessions, including items like watercraft.
  • Renters - if you rent a house or apartment, the landlord is not responsible for its contents.

A Typical Home Owners Insurance Policy

Most insurance policies offer comprehensive coverage which includes the house and its contents.  Because your needs may be far different from your neighbours policies can be tailored to meet your individual needs.   In addition, if a person were injured on your premises, you could be sued for damages, so you need liability insurance. It's best to go over all of your insurance requirements with an experienced insurance professional.

Home Insurance Options

One of the biggest mistakes a homeowner can make is not reviewing their coverage on a regular basis. For instance, your home may currently be worth $250,000, but if the house was destroyed it might cost as much as 380,000 or more to rebuild it. Plus, after a major disaster, construction prices may skyrocket due to increased demand.  Talking with an insurance broker may be the best thing you ever did.

Make sure to check the perils covered by your homeowners insurance. For example, "all perils" may not cover everything, and you may need to take out coverage extensions for:

  • Jewelry
  • Identity Theft
  • Sewer or septic backup
  • Overland water damage protection - insures you against flooding issues.
  • Package deals - you may save a lot of money by getting your home and auto insurance policies from the same company.

The time to check into these coverage options is now. Don't wait until it's too late.

Do you use part of your house for a home business? If so, most home owners insurance policies do not automatically cover you. You may need a special policy attachment to protect your business contents and coverage you  for business related liability issues.

Some home owners choose to save money by choosing high insurance deductibles. Talk to your insurance professional to help you make the decision that makes financial sense for you.

Who Can I Talk to about Home Insurance?

If you want insurance for your home in Brantford, consider a professional insurance broker like Bunnell Hitchon Insurance Brokers Inc. We know all about insurance and we work for you, not an insurance company. Bunnell Hitchon is one of the most trusted and experienced insurance agencies in Ontario. In fact, they have over a century of insurance experience.

Why spend all your time and resources trying to find out which policy is best and which rates are the lowest? Instead, you can leave this kind of work to seasoned insurance professionals that have your best interest in mind. All you have to do is contact Bunnell Hitchon about your homeowners insurance needs. One of our professional brokers will help you determine exactly what coverage types you should buy, and you will have someone to answer all your insurance questions.

To find out more about your insurance options, contact Bunnell Hitchon today. You can call us toll free at 888-318-2424 or locally at 519-756-2200. In Toronto, the number is 416-480-9888.