What Your Home Insurance Plan Should Cover

Home Insurance

Your home insurance plan is extremely important as it protects your greatest asset. Here are the basics your home insurance plan should cover:

Property Damage

Property damage coverage is extremely important as it protects what is most likely your most important physical asset if it were to ever be damaged from fire, wind, hail, etc. Check with your insurance company to determine what types of damages are covered. Then decide if you require further coverage for events such as floods or earthquakes. There are a number of levels you can add to your coverage including:

Replacement and Reimbursement

You have a choice between replacement value and actual cash value for reimbursement from your home insurance plan. The differences are as follows:

Your home insurance plan should factor in these details in order to make it easier to get your life back on track following a catastrophic event.

Rowat Insurance

Insuring Ontario and Quebec since 1955. Trust Rowat Insurance Brokers to look after your home, auto, business and life insurance needs. We always guarantee fast, friendly service and highly competitive premiums. As brokers, we are entirely independent from Insurers and Financial Institutions; we will work with you to analyze and advise on risk, and customize the coverage that is right for you.