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 […]
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 […]
Significant increases in insurance rates have been a common scenario that many strata councils and apartment building owners in British Columbia have had to contend with since 2012. There are two primary reasons for the substantial upswing in insurance rates: Rising claim costs: insurance rates for strata are not keeping up with rising claim costs, […]
Are you downsizing, in between homes, or needing to store your personal property for the short-term or long-term in a storage facility? If yes, you should consider getting Contents in Storage Insurance. Storage Insurance coverage protects your personal property against various perils, as well as providing liability coverage. Most professional storage facilities in BC advise […]
Anyone who has ever taken their cat or dog to the veterinarian knows how quickly the bills can pile up. Here is an effective way to help protect your beloved pet and your pocketbook. Habitat Insurance Agencies Ltd is happy to announce that we can now offer our clients a 5% discount on pet health […]
Under BC’s new Civil Resolution Tribunal Act, a new dispute resolution and adjudicative body, the Civil Resolution Tribunal, which has authority to hear some strata property disputes and, where the parties agree, small claims matters will begin operations in 2014, according to BC’s Ministry of Justice. The new Civil Resolution Tribunal will provide an alternative […]
Found a great deal on a car? The Insurance Bureau of Canada (IBC) warns Canadians to avoid unknowingly purchasing storm-damaged vehicles. Make sure you have your Flood-Damaged car insurance ready before the disaster. After flooding disasters, such as those that occurred in Alberta and Ontario in 2013, there are attempts by fraudsters to clean up […]
