Tenants insurance: just a few questions away!

New to town and just moved into a new place? Or have you been renting a while and have never thought about insurance until now? Insurance for a renter is vital. It provides coverage for Your personal property at your rental location; Your personal property temporarily away from your rental location, for example, the luggage […]

Short-term rentals and home insurance: the potential pitfalls

With the advent of websites such as Airbnb and VRBO for short-term rentals, many property owners are taking the opportunity to generate extra income by renting out their homes to visitors. Sounds like a great idea. Unless you are like the unfortunate Calgary couple whose home suffered approximately $150,000 damage last week during a “drug-fueled […]

Now available in BC: Earthquake Deductible Buyback Insurance

What is it? Earthquake Deductible Buyback (EDB) insurance is coverage for Earthquake Deductibles. This insurance is now available through Habitat Insurance, for properties located in British Columbia. How it works: All policies with earthquake coverage are subject to an earthquake deductible, which is stated as a percentage of the coverage limit. Generally, earthquake deductibles are […]

Tenants’ insurance: must-have coverage for responsible renters

If you rent a condo, apartment or house, don’t make the mistake that many renters do by not having tenants’ insurance. Often renters don’t worry about getting insurance because they feel that their personal belongings aren’t valuable enough to warrant insuring them. The key point to remember is that tenants’ insurance covers far more than […]

New house insurance program for BC homeowners

We are pleased to announce that Habitat Insurance is now offering a new house insurance program for homes located in British Columbia.  This program offers  comprehensive coverage with generous features and special limits coverages at excellent premiums. Examples of homes recently insured under this program at Habitat Insurance: Building replacement cost of building* Total premium […]

Just because the numbers say you can, doesn’t mean you can afford it!

With interest rates continuing to hold steady at record lows in Canada, many prospective buyers remain confident in purchasing homes and condos.  Today’s guest blogger, mortgage broker Marci Deane, provides some insight into determing the mortgage you can best afford. While most of us have a basic knowledge of our monthly expenditures, others need to explore […]

Hurricane Sandy’s impact on BC insurance rates

Read here about how Hurricane Sandy – and other major weather-related events – may have an impact on BC insurance rates: See Global TV article      

Flood insurance in BC: what you need to know

Homes threatened in Fraser Valley & Kamloops As water levels continue to rise on the Fraser River on Thursday, and with more rain predicted for the weekend, communities in the Fraser Valley, Hope, and Kamloops areas brace themselves for potential flooding.  On many homeowners’ minds is the question: “Does my house insurance cover me for […]

Rising premiums? Factors that influence insurance rates

Explaining increases in insurance rates and premiums is one of the most common requests from clients to insurance brokers.  There are various factors that influence insurance rates and premiums, some of which can be controlled by the insured person or business, and others that are determined by external factors. Factors that may be controlled by […]

Electrical fires in older homes: taking preventative steps to minimize risk

About 200 electrical fires occur per year in buildings in BC, often causing devastating or total losses for owners and tenants.  These losses typically result in higher home insurance premiums for these individual owners and also indirectly impact insurance rates for all property owners. As buildings age, the risk of fire increases, with a disproportionate […]

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