Barrie Home Insurance 

There is a lot that goes into the amount you pay for your home insurance in Barrie. Here is a quick breakdown of what generally goes into determining the cost of your home insurance: 

Your home’s characteristics. The size, age, and condition of your home will play a big role in determining your home insurance rate. Larger houses in Barrie will generally be more expensive than smaller homes, and newly-renovated homes will have a better rate than a home that is starting to break down. 

How your home was constructed. If your home was built using high-quality and expensive materials, then the insurance will be more expensive as those materials will need to be replaced in the case of irreparable damage. 

Costs will vary, as it will depend on the coverage you want and the exact postal code you live in. Your past home insurance history will also affect the price, although the average home insurance cost can range from a few to several thousand dollars, annually. Your isure broker will consider your neighbourhood and your location in the city when providing you with a quote. 

The size of your home, coverage type, and replacement value will also affect your rate. Our knowledgeable team will discuss all of this information with you when you give us a call. We work with our extensive network of insurers to get you the best rates based on your specific requirements.

This answer will also vary, as it will depend on your home’s physical structure and the value of your personal property. This includes appliances, clothing, and other personal belongings. We recommend that you take inventory of your possessions so that you understand their value, and we can then discuss the amount of home insurance you will need specifically for your situation. We will tell you about any limits and how you can attain additional coverage if need be.

Homeowners in Barrie need to consider four types of home insurance policies, including comprehensive, basic perils, broad coverage and no-frills. Comprehensive coverage will cover the structure of your home and its contents from most risks. In contrast, basic or named perils will cover your home and its contents only against the perils specifically listed in your policy. A broad coverage is a hybrid of comprehensive coverage and basic, while no-frills is limited coverage for properties that do not meet the expected standards of insurance providers. You are welcome to add optional coverage to your policy if you want to cover more risks. 

You can do a few things to lower your home insurance costs, including increasing your deductible and bundling your insurance. Your deductible is the amount you pay towards an insurance claim, and when you pay a higher percentage, your insurer will decrease the cost of your premium. Bundling your insurance is another excellent way to save; speak with our brokers about your home and car insurance, as we may be able to find you a provider with discounts. We can also discuss lump sum payments, as providing payments for the entire year instead of monthly payments will help you save. Getting a home security system can also help!

Those in Barrie can choose different types of coverage, which we base on your needs. Homeowners’ insurance is the most comprehensive coverage and includes rebuilding costs for your property, liability and the contents inside your home. We can provide you with additional coverage to protect against a wide range of impacts, including flooding and snow damage. Homeowners’ insurance for condos will cover the condo unit, upgrades, contents and liability but not the building, as the condo corporation should cover that. We can also discuss tenant insurance which will cover the contents of a unit, and liability, also known as rental insurance.

It is possible for Barrie residents to experience flooding from heavy rainfalls. Overland flooding can also occur as a result of overflowing rivers or lakes, and heavy rain or melting ice and snow. Sewer backup due to extreme weather events and construction accidents can also occur. Together, we can discuss the best insurance policy based on these perils. 

At isure, we genuinely care about our clients and will take the time to understand your situation. We will provide you with professional recommendations based on your specific information. We are always ready to answer your questions, so if you live in Barrie and require home insurance, contact isure today at 1-877-514-7873 to learn more!