WHY FOR YOUR HOME INSURANCE IN SCARBOROUGH?
- No call center here! You will appreciate working individually and personally with dedicated, professional Scarborough Insurance Brokers. We are available on an unlimited time basis for the very best advice in person, by telephone or email. Our time is yours. We have only YOUR best interests in mind!
- Expert advice to help understand and manage your risks and exposures
- Easy home insurance payment plans – monthly, credit card and EFT
- Flexible deductibles up to $10,000 with substantial premium savings!
- Whether your home is modest or a mansion you will get guaranteed low premium rates with discounts too numerous to list
- Bundle with your automobiles or recreational toys for even greater savings
- Optional credit rating for even greater savings (absolutely confidential)
- Finally, be able to understand what is insured and what is not
- Variety of important options for valuables such as jewellery and special types of property such as bicycles
- Daycare or cutting hair, don’t get stuck with an uninsured lawsuit! You need proper home business insurance. We have a wide variety of options available to ensure you are properly insured.
- Caring, diligent claims advice to help keep future premiums minimized
GET THE BEST INSURANCE FOR YOUR SCARBOROUGH HOME AND SAVE!
Your home is likely your most prized possession, often representing a lifetime worth of hard work and sacrifice. A major loss would be devastating. A proper plan of insurance will help ease the financial burden of such a tragedy.
Whether you live in a house, condominium or apartment, there is nothing nicer than hearing “home sweet (well protected) home”. Our Scarborough INSUREPLUS™ home insurance brokers are able to also find you a competitively priced home insurance package that suits your living style and your budget no matter what you call home.
Investing in top quality Scarborough home insurance through the helpful professionals at INSUREPLUS™ just makes good sense.
Remember, when it comes to insurance you only have one chance to get it right. Getting it wrong is very expensive!
For a fast, free house insurance quote in Scarborough talk to the Professionals at INSUREPLUS™. Just give us a bit of information on the “Request a Quote” or call us at 1-888-310-7283 (SAVE) and one of our friendly, helpful RIBO licensed brokers will get right back to you – usually within a few minutes 9am to 5pm Mon to Fri
“When it comes to insurance you only have one chance to get it right. Getting it wrong can be very expensive!”
GET GREAT SCARBOROUGH HOME & AUTO INSURANCE PACKAGES
At INSUREPLUS™, we want to ensure you’re getting the best insurance and the most affordable premium for your Scarborough home insurance. This is why we offer home and auto insurance bundles to Scarborough home owners. By combining the two types of insurance packages together we will save you time and money on your total insurance account. As most home owners also require auto insurance, combining these two policies together makes it more economical and easier to manage with just one annual anniversary date. With auto insurance being mandatory for all Scarborough vehicle owners, combining these policies just makes more sense.
HOW MUCH IS THE AVERAGE COST OF HOME INSURANCE IN SCARBOROUGH?
At INSUREPLUS™ we know every home is as individual and unique, as the person or family who lives there. When it comes to Scarborough home insurance, trying to ascertain what is an “average” premium is immensely difficult. There is really no set cost or average price. There are hundreds of factors that go into the complex field of premium determination – size, area, construction, claims, age, values, and so much more. Imagine the premium involved to insure an 8000 sq ft outdated “century home” with older wiring, plumbing, heating and a very high potential for loss (total loss would be $5million +) compared to insuring furnishings in a 600 sq ft high rise condominium. Premiums could range at the low end from $25 monthly to $1500 monthly!
The best way to get a firm premium quote for your Scarborough home insurance is by providing us with all of the necessary information. This means being 100% honest about things like claims, extent of upgrades, age, and occupancy. No two homes and no two families are ever the same. It is important to focus on your specific and unique risks, exposures, and values involved. Do you have a $20,000 Rolex watch, a $4000 Cervelo bike, or an extensive collection of baseball cards? We need to know about it. If you had a claim or two a few years ago, same thing. Withholding, exaggerating, or forgetting important information can cost you big time in the event your policy is really needed. An insurer can cancel or “void” your policy for material information which is not disclosed. Our team of Scarborough home insurance experts works very hard to provide you with the most favorable terms and best premiums. Regardless of your situation, we are confident our helpful Scarborough home insurance brokers can help you arrange the best, most competitively priced home insurance plan for you and your family.
FACTORS THAT AFFECT HOME INSURANCE COSTS IN SCARBOROUGH
There are many factors that influence Scarborough Home Insurance premiums. In general, these factors can be divided into three main categories as follows –
The size, age and condition. The premium on newer homes is generally less than the premiums on older homes. An older home with outdated wiring, roof, heating or plumbing will result in higher premiums as the risk of loss is higher. Larger home means a higher replacement value and a higher premium. It only makes sense. Security and loss prevention measures taken such as central burglar alarms or sewer back-up valves help keep premiums as low as possible. Your neighborhood; every neighborhood in Scarborough is different. Premiums may be affected by local crime statistics, proximity to fire hall or hydrants, or areas that are prone to sewer back-ups.
You and your family
Expensive jewellery? Collect sports cards? Have expensive bicycles? Do you volunteer with local community groups or your children’s minor sports leagues? Lifestyle factors and risks do affect insurance premiums if the appropriate coverage has been provided.
Other factors include claims experience, credit rating (confidential and totally optional with permission) and sometimes even the type and number of mortgagees.
Operating a business from home? Likely not a problem if it is a low risk such as tutoring piano. Repairing neighbours cars in the garage, or other higher risk business activities however could put a serious “dent” in your budget.
The Insurance Company and Policy
Profit margins for Scarborough home insurance companies are marginal and similar among all insurance companies. Intense competition keeps premiums down. Typically over 90% of premiums are paid out in claims and administrative expenses. Increasing premiums to increase profits would result in severe loss of customers and insurers won’t risk it.
Some policies are more expensive because they cover more risks. The specific policy features, benefits, limitations, and exclusions all have an effect on insurance premiums.
Every situation is different and an “off the shelf” insurance policy can leave you vulnerable to an uninsured or under-insured loss costing you thousands.
These are some of the key factors affecting Scarborough home insurance costs. With over 40 years of experience, INSUREPLUS™ will help you ensure you receive the right type of insurance protection, at the right premium.
IS HOME INSURANCE MANDATORY IN SCARBOROUGH?
Unlike other types of legally required insurance policies, such as car insurance, home insurance in Scarborough is not mandatory. If you’re a homeowner and you don’t have home insurance, it is not illegal and you are not breaking any Government Laws. However, you may be responsible under contract to make sure your home is properly insured. This is the situation when a financial institution has loaned money and placed a mortgage on your property, for example.
Regardless of whether insurance is legally or contractually required, everyone will agree that arranging a proper insurance plan is always the best move. Going without Scarborough home insurance, even for a day, could result in dire financial consequences for you or your family in the event of an uninsured loss.