Home Insurance in Hamilton can vary from one insurer to the next, so it’s important to select a policy that suits your specific needs. Home insurance covers the dwelling, contents, and personal liability of you (the policyholder), your spouse or partner, and your children.
Home insurance protects you from having to pay out a huge amount at once, often at a very difficult and emotional time.
Although not mandated by law, insuring your house can give you peace of mind. With severe weather on the rise, confirming accurate replacement value and keeping a current home inventory are important steps. For high-value jewellery, furniture or art, separate endorsements are also available. Understand the limitations in your policy. Typically, additional living expenses are included if you are temporarily unable to live in your home due to an insured loss. Your Homeowners policy also generally provides your personal liability in case someone trips and falls on your property or in your home, or you damage a third party’s property or accidentally injure someone else.
If you share your home with a friend or relative, or rent out part of your residence, you must notify your insurance representative.
Home insurance also includes coverage for additional living expenses if you are temporarily unable to live in your home due to an insured loss in certain circumstances.
Unlike auto insurance, home insurance is not mandatory by law. However, most banks or mortgage holders will insist that you purchase home insurance – and show proof that you have home insurance – before they’ll lend you money to buy a home. They will ask to be named as the mortgage holder on your policy.
It’s your responsibility to report any changes to your property. Contact your insurance broker at Acumen Insurance if you’d like to make any of the following changes or improvements to your home:
If you can’t afford to replace absolutely everything you own after an unforeseen event, you need home insurance. Consider these tips: