Office: 613-932-4663
 Email: Info@StormRealty.ca

         

Homeowner's Insurance

If you have any questions or would like more information about homeowners insurance please Contact Us.

Homeowner's InsuranceWhen buying a home, one word you will hear often is "insurance." As a homeowner you are concerned about protecting your house, your personal belongings and your personal liability. It is important that the coverage you choose provide the comprehensive protection that you need. Homeowner's insurance protects you and your house against losses from fire, theft, liability, vandalism, water damage, wind damage, tornadoes and loss of use. Earthquake and flood insurance are not included but can be purchased separately.

 

Types

There are three types of homeowner's policies to choose from. A clear understanding of the coverage each type offers will help you select the right policy for your needs. Each type carries a deductible amount you select.

  • A standard policy requires coverage for at least 80% of the value of your home, excluding land and the foundation. It will usually insure your personal property at actual cash value.

  • A broad-from policy is more inclusive than the standard policy and covers additional named perils such as glass breakage, smoke damage, etc.

  • An all-risk policy covers even more than do the standard and broad-form policies. An example of a covered risk might be damage caused to your roof from ice build-up in the gutters.

Insurance For Your HomeSome of these policies offer optional guaranteed replacement cost coverage on your home and its contents. Replacement cost coverage will pay to rebuild your home and replace its contents with no depreciation coming into play. It is important to understand that the replacement value of your home is based on your insurance company's estimate of the cost to rebuild your home on your property. It is not based on the purchase or appraised value of the home. Most policies have a built-in annual increase of replacement cost coverage.

 

Reducing Premiums

When purchasing homeowner's insurance, there are ways of lowering your premium. Most insurance companies offer discounts for smoke alarms, fire extinguishers, dead bolt locks, and whole-house alarm systems. If your home is fairly new, or if you elect to insure your automobiles with the same company, you are likely to receive a discount on your premium. Another way of lowering your premium is to select as high a deductible as you can afford. Raising your deductible reduces your premium. Insurance is the type of service you buy hoping that you will never have to use it. The right insurance can give you a sense of security in knowing that you are adequately protected.


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The Storm Realty Story

Steven Iwachniuk Broker of Record and Owner of Storm Realty started selling real estate on April 1st, 2004 with another local real estate company in Cornwall, Ontario. Roughly six years later in 2010, one night Steven was going to bed and he ask himself, "What do I want to do with the rest of my life? He then wrote the question down on a piece of paper and put it beside his bed. Around 2:30 am that night he jumped out of bed. His wife Julie was startled and ask what's wrong? Steven replied, I know what we need to do. We are going to open our own real estate brokerage. ‚ÄčThe very next day Steven started researching, how do I open a real estate brokerage in Ontario, Canada and then a few days later he went to see his lawyer to start the process. On June 24th, 2010, Storm Realty was born. Read More >>

Storm Realty

1410 Pitt Street,
Cornwall, ON, K6J 3T8

 Office: 613-932-4663
 Fax: 613-932-3600
 Email: Info@StormRealty.ca