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Home Insurance Calgary

From the inner-city to the suburbs, Calgary’s living options are plentiful. Home insurance in Calgary is essential, so it’s important to have all the tools necessary to find the best rates for your lifestyle and wallet. At Sharp Insurance, we strive to find you the best home protection for your most precious investment – your home. As a homeowner, your concerns are unique as are your policy option preferences. We help you tailor a policy suited for you and your lifestyle. Get a free quote today: it’s quick and easy!

Why should I choose Sharp Insurance for my Calgary home insurance?

Sharp Insurance is an award-winning, cutting-edge insurance brokerage based in Calgary. You should choose Sharp Insurance because:

We’re independent.

We partner with five major insurance companies but we work for you as a trusted advisor.

We’re competitive.

We find you competitive home insurance quotes in Calgary.

We’re experts.

Our brokers are experienced and are knowledgeable about insurance. They’re available to answer your questions, help make a claim, and make sure you’ve got the right insurance coverage.

We’re digital.

We make insurance less complex. The app and web portal helps you manage your insurance needs; find your pink card, make a claim, update your address all in the comforts of your home or on the road.

See for yourself what we can do for you.

How much will it Cost for Home Insurance in Calgary?

On average, it will cost you $1,923 to insure a home in Calgary. That’s $160 a month. This compares to the provincial average of $1,837 a year, or $153 a month. Edmonton’s average cost comes in at $1,504 annually.

What Factors Impact your Home Insurance Rates?

There are a multitude of elements that can affect your home insurance rates, from the community you live in, to the proximity to a fire hydrant.

  • Insurance and claims history
  • The cost to rebuild your home
  • The age and type of your home’s roof, plumbing, heating, and electrical systems
  • Your home’s construction (materials and type)
  • Any risks, such as a trampoline or pool
  • Security or loss mitigation devices installed (e.g. burglar alarms, sump pumps)
  • The square footage of your home
  • Proximity to closest fire station and fire hydrant
  • How close you are to risks, like rivers & lakes
  • If you have a renter
  • The crime rate of your area
  • The claim rate of your neighborhood
  • Natural disasters
  • Discount eligibility
  • Policy options: loss settlement, policy limits, deductible,
    and coverage
  • Your credit score

If you’re not sure how the above factors will affect your premiums, call us and our trusted insurance brokers will help you sift through each element and come up with a plan that suits your lifestyle and bank account.

Did you know?

The community you choose to live can impact your home insurance rate because if the claim or crime rate in the neighborhood is high, you’re more likely to have higher rates.

Get the Right Home Insurance Coverage in Calgary

Getting the right home insurance coverage in Calgary is the perfect mix of protection and price.

Do I Need to Buy Home Insurance?

While it’s not mandatory to have home insurance, you likely don’t have enough rainy-day funds to pay to rebuild your home, replace all the contents of your home, or repair damages to your neighbours property. Also, if you use a lender or bank to get a mortgage, your financial institution may insist that you carry insurance on any property with a mortgage.

5 Top Reasons to Buy Home Insurance in Calgary
  1. Your mortgage lender requests you to have coverage.
  2. Insufficient funds to replace or rebuild your home and contents after a major loss.
  3. You don’t have to pay for a lawyer if you get sued by someone hurt in your home or if a visitor’s contents are damaged.
  4. Peace of mind that a loss will be covered.

What’s Covered under my Home Insurance policy?

Home insurance is essential to protect your most personal items. Your home is your haven and includes precious memories – it’s worth protecting. It could be a fire, hail, windstorm, or a flood that destroys your personal possessions. A tailored home insurance policy also covers you if your belongings are stolen from your home, car, or while you’re in transit. if you need protection if a visitor slips and falls and injures themselves inside or outside your home. If you get sued, lawyer fees are covered with proper coverage.

What are the common home insurance coverages?
  • Personal Property

Your personal items are covered in the event of a loss, including theft, fire, a flood, etc. If you have expensive jewelry, you may want to carry a special content limit policy to account for the extra cost of your belongings.

  • Dwelling

Coverage for the physical structure of your home, including the roof, sidings, and more. It also covers structures that are attached to your home, such as a garage.

  • Personal Liability

This coverage protects you if a visitor to your home is injured. This protection helps you pay for lawyer fees if you’re sued.

  • Additional Living Expenses

After a loss, you may have to relocate to live in a hotel or a rental unit. This protection covers you for all living expenses, including food, accommodation, and travel – depending on your insurance policy details.

  • Detached Structures

Detached structures that are covered may include sheds or other structures that are on your property but not attached to your home. Check with our insurer for the details of this coverage.

The events listed below are uninsured perils, meaning your insurer won’t pay for them unless you purchase them separately as add-ons. Some of the best insurance companies in Toronto include these coverages in a standard comprehensive home insurance package. Read through your insurance policy carefully and clarify any terms with your insurer as they may differ depending on your insurer.

3 Common Endorsements:

Sewer Backup

Is water damage caused by the backup or escape of water or sewage from a sewer, septic system, or sump pump.

Overland Water Damage

Is an optional coverage that applies when water enters the property from an overflow of lakes and rivers or torrential rainfall or spring thaw. This coverage excludes flood water from tsunamis, tidal waves, and intentional breaches of water (e.g. dams).

Earthquake and Landslides

Earthquake coverage helps to replace your belongings in the event of an earthquake with a specific deductible percentage range.

What are the Common Types of Home Insurance?

You’ll be happy you took the time to compare home insurance policies to find the best one to suit your needs. Choose your home insurance policy wisely, as it will provide protection for your home and your personal items.

The 4 Basic Types of Home Insurance:


The most protection provided for your property and contents. This is the most coverage you can have.

Limited Basic, “no frills”

This type of insurance covers very limited physical damage
to your home and contents; most suited to homes not normally insured.

Basic or Named Perils

Covers only specific perils, i.e. events.

Covers only specific perils, i.e. events.

This covers only named perils protection for contents and a comprehensive list of perils for your home.

What is Not covered by Calgary Home Insurance?

There are different levels of home insurance you can carry but a proper insurance policy will exclude certain circumstances. Your insurer will not cover you for these uninsured activities, or exclusions, including:

Keep in mind a few uninsured activities below:
  • Wear and tear
  • Mold
  • Insect infestation (e.g. bed bugs)
  • Water damage from plumbing (if house left unattended)
  • Damage to your home after leaving it intentionally vacant for 30 consecutive days
  • War or terrorism, Nuclear incidents
  • A homeowner’s illegal activities

Did you know?

If you head out on vacation for more than 4 days, get a friend to check on your place. If there is a water damage due to a loss, your insurer may not cover it. Plan ahead and avoid costly insurance bills.

Do I need flood insurance for my home?

Flood insurance is now offered as part of a personal home insurance policy. The 2013 flood totaled over $7 billion dollars in losses. Weather patterns have been changing for some time now causing an increase in claims inside and outside the home.

As a result of an increased need for overland flood damage insurance, the insurance industry now provides an affordable water protection endorsement. Please visit to get more information or to receive a quote from one of our expert brokers.

What are Loss Settlement Options for Home Insurance in Calgary?

Imagine the unexpected happens: your home is damaged during a fire. You expect certain items in your home to be covered by your insurance policy. However, your insurer will only cover a portion of the cost of certain personal items, such as antiques and jewelry. You may be left out-of-pocket for the difference. Why? When your insurance policy is set, you must agree to certain limits on personal items, which determine how much money you’ll get back in the event of a loss. These limits are called your loss settlement options.

3 Loss Settlement Options

Agreed Value

The agreed upon value of an item or property. This option is used for special items, such as jewelry, antiques, or a heritage home.

Cash Value, or Market Value

This option includes the purchase price of your home, minus the depreciation. This is not the price you bought your home at but rather the current value of your home.

Replacement Cost

The total cost of replacing your home after a loss, without considering the depreciation.

What are Policy Limits for Home Insurance?

A policy limit is the maximum dollar amount you’ll receive from your insurance company if you suffer a loss from a covered claim. Depending on your policy, limit amounts will range for both your belongings and your home. The best home insurance brokers can help you set appropriate home limits that make sense for your budget and lifestyle. We advise you on policy limits and what items you might consider scheduling for ultimate protection.

What is a Deductible?

A deductible is the amount of money stated on your policy that you must pay to your insurer after a loss. for example, if you have hail damage on your roof, you have two years (in some cases) to make a claim and get the repairs completed.  This amount is pre-determined on your home insurance policy; and must be paid out before a policyholder can be compensated for a claim. The deductible dollar amount will be found on your insurance policy statement.

How does my Deductible Impact my Home Insurance Rates in Calgary?

There is a range of options for home insurance deductibles, ranging from $500 to $1500 with $1000 being the most common deductible amount for policyholders. A higher deductible amount will typically lower your home insurance premiums and save you money in the long-run.

How do I Get Discounts on my Home Insurance Policy in Calgary?

If you have a valid home insurance policy, you may be eligible for several discounts. A few examples of discounts include your age, non-smoker status, monitored alarms, mortgage-free status, if you are claims free, or if you have recent upgrades or improvements to your home. Our experienced brokers are available to help you save on your monthly or annual insurance bills. Give us a call or email us today for new or existing properties.

5 ways to save on your home insurance rates:
  1. Tell us all about your property – It’s all in the details. The condition your home is in makes a difference to insurers. The more up to date your property is, the less you’ll pay for your policy.  Updates to your household often result in lower home insurance premiums. Do you have a new roof? Have you recently installed a backwater valve or an alarm system?
  2. Maintain a good credit record.
  3. Pay off your mortgage – If you own your home, you can expect to save at least 15% on your home insurance.
  4. Quit smoking – While insurance companies don’t charge smokers more, they often reward non-smokers with a discount.
  5. Bundle your auto and home insurance policies – Insurance companies want your business and they offer discounts when you purchase more than one policy from them.

How to Get a Calgary Home Insurance Quote

There are a few ways to get a home insurance quote in Calgary:


By email

By phone

Visit a brokerage

Usually, the easiest way to Get a Quote is by going online. Remember, the more information you give – the more accurate your quote will be.

How Do I make a Home Insurance Claim in Calgary?

There are several steps to take when you’re hit with a loss. Most insurance companies have the same procedure, but it varies slightly from one insurer to the next.

  1. An event (storm, water damage, etc.) or loss can be stressful. Take your time to decide on your next steps.
  2. Contact your insurance company or broker by phone or online. Have your key insurance documents on-hand.
  3. Your claim will be assessed by the claims department and a claims adjuster
  4. If you can, document the damage (photos, videos, etc.)
  5. If your property needs a clean-up, let your insurance company know as you may be covered.
  6. After an adjuster visits your home, a claim estimate will be recorded with your insurer.
  7. A settlement value will be determined from your inventory list.
  8. Hire a contractor or have your insurer contact one for you.
  9. Sign forms to finalize the repair work and final claim estimate.

Before you call your insurance company to file a claim, consider these tips:

  • When you file a claim, you must pay your deductible before the required work is completed.
  • In some cases, you’re better off paying for the loss yourself.  for example, if you can pay out-of-pocket for the damages – this will keep your insurance rates from rising. If the damage is too expensive, such as hail damage to your roof, then it may benefit you to file a claim.
  • You may not be covered for a loss related to maintenance or upkeep of your home, such as mold or water leaks.
  • Your insurance claims may follow you for 5 to 7 years, even if you change your home insurance policy to another property.
  • You could lose your claims-free discount on your homeowner’s policy. Instead consider paying out of your own funds.
  • Your claim could be denied. Think of alternatives to making a claim.

Did you know?

If your house claims increase even for several years, it will likely send your deductible to a higher rate. Worst-case scenario is your policy could be revoked.

Why does Personal Inventory Matter for Home Insurance?

It takes time and effort to assemble a list of everything of value in your household, but it’s worth it in the event of a loss. If you do have an unfortunate incident or a sudden loss, you’ll be prepared.

Here a few tips to create a personal inventory list:
  • Make a list of what’s in each room in your home, give it a dollar amount
  • Save and organize your receipts for big ticket items
  • Take photos or videos of the items you want coverage for
  • Estimate the total value of your household items
  • Update your inventory every year

What Does Sharp Insurance offer its Customers?

Sharp Insurance goes beyond offering a good service and provides an exceptional customer experience. Our digital options, including the MySharp app and web portal help you manage your insurance needs; find your pink card, make a claim, update your address all in the comforts of your home or on the road.

Here are a few benefits of joining us:
  • Competitive home insurance quotes
  • Partnerships with many of the best insurance companies,
    including Aviva and Intact
  • Services of an independent brokerage
  • Digital options
  • We work for you as trusted advisors

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