How to Gain a Solid Home Insurance Policy in Lethbridge

You may be looking for home insurance or condo insurance. We’re happy to find you a policy that protects your biggest investment.

We know buying insurance can be exhausting; you might not be sure what you need, but you want the best options and fair price. Our team of knowledgeable brokers are ready to walk you through your insurance journey.

Home Insurance: What To Expect

While home insurance isn’t mandatory, most lenders and many landlords do require proof of insurance. But more than a requirement, a good insurance policy is genuinely peace-of-mind protection.

Our home insurance policies are planned for your needs and funds. An insurance policy should consider the home itself, including interior and exterior building materials, electrical, plumbing, water tanks, and furnaces, as well as the contents.

Condo Insurance Makes Life Better

For condo owners, home insurance is almost always mandatory because you’re sharing space with other owners. In addition to insurance for your unit and your contents, you also get:

1. Improvements and Betterments Coverage: If you’ve upgraded any finishings in your unit or if you’ve added things like closet organizers or built-in shelves.
2. Loss Assessment Coverage: If you need your policy to pay your portion of a special assessment caused by any loss to a common property. It’s true that you need insurance to protect your unit, but you also own a portion of the common space in your building.

Snowbirds: What Changes Do I Need To Make to My Policy?

Is business or pleasure keeping you away from home for extended periods? Do you need to make changes to your home insurance policy if you spend the winter away? To ensure your policy stays in full effect in your absence, you must:

1. Tell your insurance broker that you’re going to be away.
2. Have a responsible adult check in on your property every three days.

There are many different ways to lower your home insurance rates and decrease your risk. Insurance companies will take into consideration any updates to your home (e.g. upgrades, replacements), and certain installations, including sump pumps, alarm systems, and roof replacements.

Did you know we offer a wide variety of additional coverage options for your Lethbridge home insurance?

If you have expensive jewellery, camera equipment, valuable collections (e.g. art, wine, coins), or any other kind of valuable possessions, talk to your home insurance broker about the best way to protect yourself and the things you love.

Endorsements, also known as ‘riders’ provide coverage over and beyond what’s included in your home insurance policy.

As a consumer, it’s important to find out what you’re covered for. In most policies, there are limits for personal goods. For example, some policies may include only $1500 coverage for computers or stereo equipment. So, if you have a high-end laptop, a tablet, and a high-quality entertainment system, you’ll quickly exceed this limit.