Blog

With ICBC’s decision to eliminate the need for decals on car insurance renewals, we’ve seen many more vehicles on the road that are uninsured. While ICBC does send out a renewal reminder about 45 days before your expiry, it does not always reach you -either you may have moved or it is simply lost in […]

As climate disasters grow in frequency and severity, the financial toll on homeowners and insurers continues to climb. For homeowners, securing reliable property insurance is becoming more challenging. With rising premiums and shifting coverage options, staying informed is crucial. In this article, we’ll explore recent costly disasters, their impact on the insurance industry, and what […]

Owning a condo in BC comes with many benefits, from shared amenities to lower maintenance responsibilities. However, just like homeowners, condo owners need to protect their investment. But condo insurance works a little differently than traditional homeowners insurance. If you’re considering purchasing a policy, here’s what you need to know. What Is Condo Insurance? Condo […]

Over the past year, many BC homeowners have noticed a significant increase in their insurance premiums. Whether it’s flood insurance, fire insurance, or general disaster coverage, rates are climbing across the board. But why is this happening? In this article, we break down the key factors driving these increases and what BC homeowners can do […]

Business insurance is one of the key types of policies offered by Habitat Insurance Agencies.  We receive calls on a daily basis from established business owners and people who are just starting new businesses requesting quotes and information about business insurance coverage.  Below are some of the most frequently asked questions (along with our answers) […]

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 […]

What is EDB? 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 Earthquake Deductible Buyback works: All policies with earthquake coverage are subject to an earthquake deductible, which is stated as a percentage of the coverage limit. Generally, earthquake […]

Heavy reliance on today’s computer and data technology has increased every business’ risk of a data breach or cyber attack. Both have become increasingly frequent and costly. Virtually every business has data on clients, employees, and other which can be stolen, electronically hacked or lost through accidental or inadvertent release. Recently passed federal legislation, Bill […]

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 […]

We are often asked at Habitat Insurance Agencies to quote on insurance for pre-1960s apartment buildings in British Columbia. During the last few years, we have seen significant increases in insurance rates for older buildings, much to the chagrin of building owners or buyers who are looking for competitive quotes. Additionally, fewer companies are willing […]