Property Insurance for the Calgary Region
If you’re looking for home or rental property insurance, let Northgate Insurance Centre work with you and our many partners to find you a home insurance quote you can afford. No matter where you call Home Sweet Home, our team will make sure you have the policy you need to protect it.
We want to make sure to protect this precious asset along with everyone and everything in it.
Get the Right Protection
We’ll help you navigate the maze of options available to you to make sure you get the right coverage for your specific situation to give you peace of mind that you are protected.
Get the Best Rate
You’ll have us shopping for the best rate for you. We also help you find ways to save on your insurance costs by finding all the discounts that apply to you.
Here are some of the discounts available. To find out if one or more of these apply to you, feel free to give us a call, we’d be happy to discuss it with you.
- Claims free: If you’ve never had to make an insurance claim on a property before, you may qualify for a discount.
- Loyalty: Save money for being a loyal, valued customer.
- New business: First time customers also save money.
- Age: Crossing the milestones of 50 and 60 each come with discounts.
- Mortgage Free: Paid off you house? There’s a discount for that.
- New Home: Discounts for homes up to 15 years old
- Multi – Product(bundling): Bundle multiple policies with us, especially home and auto, to unlock savings.
- Occupation: If you work in one of the following fields, you may qualify for a discount: Accountants, Architects, Civil Servants, Dentists, Medical Profession, Full-time Education, Engineers, Firefighters, Lawyers, Police, Licensed General Insurance Brokers.
- Stability of residence: If you’ve lived a minimum of eight years at the same address you may qualify for additional discounts.
- Roof (Wind and Hail) – Superior roof discounts available if you have a Class 4 Roof. Note that you’ll need your roofing contractor to fill out a form for this.
You will receive actual cash value for your roof. For example, if the roof is damaged due to old age the amount of the claim payout will factor that in. In these cases there is often a higher and separate deductible.
Understanding Your Property Insurance Policy
It is important to understand what your policy covers, what your deductibles are so that you can be sure you are sufficiently protected.
Make Sure You Are Properly Covered
Every home insurance policy has “Special Limits” which outline the maximum amounts that the insurer will pay out in a claim for various items. This varies from insurer to insurer, so it is worth looking into your policy to make sure that you have the coverage you need. If you would like any help figuring out what your policy covers, or if you want to find a policy that covers you better, please give us a call.
In addition to covering your home itself, your policy will generally include coverage for a variety of additional things at no cost. While there are limits on how much they will pay out in a claim, it is very nice to know that you have this additional protection. These can include:
Outdoor trees, debris removal, credit card forgery, identity fraud, food spoilage, lock replacement, grave markers, fire department expense.
In addition to the standard coverages built into home insurance policies are a variety of optional coverages. These options allow you to further tailor the policy to your needs.
In addition, because every home insurance policy is a bit different, it is worthwhile to look into your policy to make sure you have the optional coverage you need.
Note that these options are are often covered either with limits or not to actual value (for example, fine arts). Or they come with a higher deductible. When scheduled there is often no deductible and often includes all risk coverage.
Here are some examples of optional coverages:
- Glass breakage (lower deductible), limited sewer back up, service line, Overland Water (Now available to all who are Eligible), By laws coverage, earthquake, fine arts (appraisal usually required), computer coverage, hearing aids, firearms, silverware.
- Because there are many different rules with special limits, additional coverage’s and how to cover them and the limits themselves – we advise you to call us to find out rather than us list each amount, especially because these amounts sometimes change.
- Other coverage available
- Sewer Back up – limits often apply. Discounts for this coverage may be available if you have some sewer back up prevention installed in your home such as a back up water valve and/or a battery powered sump pump.
- Service Line Coverage
- Damage to Sewer Lines & Public Water Supply lines are not covered under policy wordings. You may optionally purchase this as an add on which will cover you for as low as $35 a year.
- Overland Water – Flood(new as of February 2016)
- Business Use in the home – Not all businesses are permitted to be run under a normal homeowners policy, we need to be aware of any business operations in the house or a claim could be denied by the insurance company.
What updates do we look for?
Roof, hot water tank (should be replaced every 10-15 years), Furnace (Inspect Annually). Plumbing and Electrical. Definitely let us know when you have replaced either of these so we can update your file accordingly.
2 Family Residence
If you have a separate suite in the house or are renting rooms to another family contact us and we will make sure you have adequate coverage to protect you in case of a loss. We would also recommend you have your tenants call us to get Tenants(Renters) insurance. Many landlords require their tenants to carry tenants insurance. If a claim were to arise, the landlord’s insurance company may seek damages from the tenants. A tenants policy would protect them and is often very affordable.
Condo insurance – Covers your contents and Personal Liability as well as some coverage specific to owning a Condo
Condominium Unit Owners Loss Assessment Coverage
Coverage is subject to the policy deductible and covers the insured unit owner’s share of special assessment levied by the Condominium Corporation for direct loss or damage to condominium property collectively owned by the unit owners and caused by a peril insured against under the C.U.O.P. Form.
Condominium Unit Owners Improvements Coverage
This coverage is included on all Condominium Unit Owners Policies up to a limit of 100% of the amount of Coverage C. This means that because the building (floors, countertop, cabinets) is insured through the Condo Board Insurance, a Condo policy for the unit allows coverage to replace your unit back to how you have upgraded. Otherwise it will be replaced to standard. For example, the Condo was built with laminate flooring but you put in expensive hardwood. If there was a total loss they would build again with laminate. But this coverage allows the insured to claim on this policy and get the hardwood put in.
Condominium Deductible Assessment
This coverage is included on all Condominium Unit Owners Policies for that part of an assessment made necessary by a deductible in the Master policy of the Condominium Corporation. Note that for this coverage, it has to be an insured loss for which you are covered on your unit’s policy.
If you are renting, you can take out a Tenants Insurance policy which would protect the contents of your home and offer Liability coverage. Since you don’t have to insure the value of the property itself, premiums are very affordable, as low as $100 per year.
Trailers & Boats
Can be added to your current House policy if eligible, or on a separate Boat or Trailer policy
If you have your primary residence insured with us, we can also help you bundle insurance for your rental properties.
What am I getting when I purchase Home insurance?
- Dwelling coverage – We do a Home evaluation to determine the cost to rebuild your house (note that this does not consider value of land). This is the amount of insurance for any covered loss you may incur. (Fire, Break and enter, etc.) If your house is newer and/or has had updates done you may be eligible for GRC(Guaranteed Replacement Cost). This insures that if you suffer a total loss and the dwelling amount on the policy is not enough, the company will still cover the cost to rebuild the same exact home. It is important that when we do the evaluation that we have the correct information. It is also important you let us know of any changes such as a basement development or add on that will increase the sqft of the property.
- Detached Structures – Percentage of the dwelling amount that covers any detached garages, sheds, or pool houses. If this amount is not enough then we can increase it for you. There is no benefit to decrease the value and we cannot remove this coverage even if you do not have a garage. The good news is that if you build a garage, it will already be covered at no extra cost (assuming it falls within the covered percentage of detached buildings).
- Personal Property (Contents) – Covers all your belongings on your property as well as some coverage on personal property you have temporarily away from the house. Please don’t hesitate to ask us if not sure what would be covered. The amount is based on a percentage of the dwelling amount (usually 70 – 80 percent).
- Legal Liability – One of the best, and often overlooked, features of property insurance is that it includes legal liability. This protects and covers you and family members who live with you against any legal action another person can take for things that happen on your property. For example, a dog bite or slip and fall on the sidewalk you have not kept shoveled. It also protects you for things that can happen away from your property such as accidentally riding your bike into a pedestrian. It even includes the cost of legal fees. It doesn’t, however, cover anything that your auto insurance would usually cover – which is important to realize if you don’t drive, you may want to check with us to ensure that you are properly covered for any situations which might arise. This legal liability also doesn’t extend to business activities or accidents that are covered by worker’s compensation. Obviously it also doesn’t cover intentional acts. Most policies will include a minimum of $1,000,000 legal liability coverage, but you may want to consider raising this so you are better protected.
As you can see, there is a lot that goes into a home insurance policy. We would be happy to guide you through the process of finding just the right policy to fit your needs and make sure you are properly protected at a rate that works for you. Please contact us to get your free home insurance quote.
If you’re ready to get started, get a free, instant quote now!