Find the Right Ottawa home Insurance Policy with isure

Purchasing a home is likely the biggest investment you’ll ever make. Ensuring it’s properly covered by insurance tailored to your unique situation is crucial. That’s where isure can help Ottawa homeowners like you!

At isure, our experienced brokers take the time to understand your specific needs. We’ll explain all your options clearly and recommend a policy fitting your lifestyle, assets, and budget.

Standard Coverage in Most isure Ottawa isure insurance policies

Property coverage protects the physical structure of your home itself against common perils, like fire, theft, vandalism, and weather damage. Payouts are based on full replacement value, not market value, so inform us of any renovations or upgrades you’ve made.

Content insurance coverage replaces possessions, such as furniture, appliances, clothing, electronics, and more if they are stolen or damaged. We’ll make sure your coverage limits reflect the true replacement value of all your home’s contents.

You are covered for additional living expenses, such as hotel stays, restaurant meals, storage fees, and other temporary housing needs if your home is unlivable due to damage from a covered peril. This keeps you financially protected during the repair or rebuilding process.

Liability coverage protects you financially if someone is injured on your property and decides to sue you. It pays for legal defense fees and any court-awarded damages up to your coverage limit. This coverage is important for all homeowners!

What is the average cost of home insurance in Ottawa?

Determining the average cost of home insurance in Ottawa can be challenging due to various factors influencing this calculation. These include the size, value, age and condition of your home, neighbourhood and postal code, the chosen coverage amount, applied discounts, and even your credit score. As a rough approximation, homeowners in Ottawa should hope to see annual premiums ranging from $700 to $2,000 in 2024. However, this estimate is general, and your actual home insurance may vary depending on individual circumstances and the policies you add. Utilizing the expertise of a home insurance broker, like isure, can assist you in finding the optimal home insurance policy tailored to your needs, drawing from a selection of reputable partner insurers.

Optional Add-Ons for Enhanced Protection

Consider adding these extra coverages for more complete protection:

Overland water insurance

Overland water insurance shields against flooding from lakes, rivers, or melting snow. It’s essential protection for homes located near bodies of water which have higher flood risks.

Sewer backup coverage

Sewer backup coverage protects your home if sewer lines back up into your basement due to clogs or municipal sewer main issues. This is useful protection for any house!

Mass evacuation coverage

Mass evacuation coverage pays for temporary displacement costs, including hotels, meals, and storage if you must evacuate due to disasters like floods or wildfires. This is helpful if you reside in an at-risk area.

Identity theft insurance

Identity theft insurance covers expenses to restore your identity and credit if your personal information is stolen. This type of coverage provides valuable peace of mind in our digital world.

Equipment breakdown insurance

Equipment breakdown insurance repairs or replaces appliances and systems that experience sudden breakdowns like furnaces, air conditioners, and hot water tanks. Avoids paying costly repair and replacement bills out-of-pocket.

Choosing The Right Home Insurance Type For Your Needs

Basic Home Insurance

Basic Home Insurance covers fire, lightning, explosions, and smoke damage only.

Broad Insurance Coverage

Broad Insurance Coverage accounts for perils, such as theft, vandalism, hail, windstorms, falling objects, ice and snow.

Comprehensive Home Insurance

Comprehensive Home Insurance delivers the widest protection against all risks except those specifically excluded by your policy. This is recommended by most insurance experts for superior coverage.

Customizing Your Ottawa Home Insurance Policy

Valuables

Increased limits for valuable possessions, like insurance for jewelry, fine art, antiques, musical instruments, and specialized computer or sports equipment.

Watercraft coverage

Watercraft coverage for kayaks, canoes, rowboats, jet skis, and small power boats.

Landscaping Coverage

Landscaping coverage to restore trees, shrubs, lawns, gardens, and yard structures if damaged by a covered peril.

Secondary Residence

Secondary residence insurance coverage for cottages or out-of-town vacation properties.

The isure Home Insurance Advantage

At isure, we know how many countless hours you have worked to save up enough money to buy a house, and it’s our mission to help you get the most comprehensive and affordable home insurance policy in Ottawa.

When you call isure, you will be placed with a personal home insurance broker who will go through your insurance needs for your home or can help improve your current coverage and discover new discounts.

Your friendly Ottawa home insurance broker from isure will provide you with fast and competitive home insurance quotes and will go over them with you to ensure you aren’t surprised by any fine print. Let us focus on finding the best Ottawa home insurance coverage so you have the peace of mind to focus on other things. We will contact over 25 of the largest certified insurers in Ottawa for the best quotes available.

Ottawa Home Insurance: What’s Covered?

Purchasing a home in Ottawa represents a major financial investment for homeowners – possibly the biggest in your lifetime. Having proper insurance tailored to your specific property is essential to fully safeguard your assets against damage from unforeseen events.

While not legally mandatory, adequate Ottawa home insurance coverage provides vital financial protection. For Ottawa homeowners with a mortgage, lenders require proof of insurance as part of the loan process. Sufficient coverage ensures you can completely rebuild if your dwelling suffers a covered loss.

What’s typically covered by an Ottawa home insurance policy?

There are standard covered perils that most home insurance policies include. These risks refer to events that will trigger the policy to payout if they cause damage to your dwelling or possessions. Typical covered perils in Ottawa home insurance policies include:

  • Fire, smoke, lightning strikes
  • Severe weather events, such as windstorms, hail, and heavy snow storms
  • Theft, robbery, vandalism
  • Water damage from sudden and accidental events, like burst pipes or appliance leaks
  • Electrical surge damage from temporary power outages
  • Falling trees or branches during extreme weather
  • Damage from vehicle or aircraft collisions
  • Riot or civil disturbance damage
  • Damage during transit if moving from home to home

Coverage for these common risks is generally included in a standard Ottawa home insurance policy. However, your specific covered perils will depend on the exact policy type and options you select. An isure insurance broker will discuss your unique risks and needs to ensure you get optimal coverage suited to your property.

What is excluded by standard Ottawa home insurance policies?

While home insurance covers many accidental damages, some exposures are commonly excluded or limited. These exclusions refer to losses or perils not covered under a standard Ottawa policy, unless you purchase separate add-on coverage. Common exclusions seen in home insurance policies include:

Knowing exclusions in advance prevents unexpected surprises if you need to file an Ottawa home insurance claim. Your trusted isure advisor will explain optional Ottawa insurance endorsements to customize protection for your specific situation.

Choosing the right amount of dwelling coverage

A key decision you will need to make is selecting the proper dwelling coverage limit. This determines the maximum payout to rebuild your home. Factors like house size, materials, age and local construction costs impact the amount needed. An insurer will determine the estimated replacement cost and recommend sufficient dwelling coverage. It’s important not to be underinsured.

Getting the right Ottawa home insurance for your needs

Connecting with an experienced local broker simplifies the process of securing optimal home insurance tailored to your property. We take the time to thoroughly understand your unique risks, assets, and budget. Our expertise gives you peace of mind knowing your valuable Ottawa investment is properly covered against unpredictable events.

What Factors Affect Home Insurance In Ottawa?

1. Location

Different factors related to your Ottawa neighbourhood, such as crime rates, historical claims, and susceptibility to natural disasters, can significantly affect insurance premium rates. Additionally, your home’s proximity to fire hydrants or stations may impact them, as well.

2. Property value

The value of your home and its contents plays a crucial role in determining insurance costs. Higher property values often require greater coverage limits, and will need more expensive repairs, leading to higher premiums.

3. Home security

Installing security systems like alarms, deadbolts, and smoke detectors can lower home insurance in Ottawa by reducing the risk of theft or damage.

4. Renovations

Certain home renovations can impact insurance premiums, either positively or negatively, depending on the type of home renovation applied. Speak to your insurer to learn more about how specific renovations can affect your home insurance policy.

5. Home Characteristics

Factors such as the age, size, condition, and replacement cost of the home in the event of destruction all contribute to insurance costs.

6. Claims history

Your insurance claims history can influence premiums, with multiple claims leading to higher insurance costs.

7. Credit score

Insurers may consider your credit score when calculating premiums, with higher scores potentially resulting in lower insurance rates.

8. Deductible

Opting for a higher deductible (the amount you pay out of pocket before your insurance policy takes effect) can lower your home insurance premiums in Ontario.

WHY TRUST isure AS YOUR Ottawa HOME INSURANCE BROKER?

Personalized Attention

Your personal and dedicated isure broker will always be there for you when you need them the most. We offer phone, email and online chat for your convenience. Your insurance broker will also preemptively call you if disaster strikes in your area to ensure that you and your family are OK.

Responsive Claims

Had a tree-fall through your roof during a heavy storm? Was your house broken into while you were on vacation? Don’t worry, that’s what home insurance is for! At isure, our claims response is open 24/7/365! When you call us, we will get your claim moving immediately!

More Savings

With all of our isure approved insurers, we can offer some of the best discounts compared to other online insurance brokers and more discounts than any direct insurance company. At isure, we have the ability to get further savings for you without sacrificing any coverage. We can also educate you on safeguards that will reduce your premiums.

Attention and Insight

Your expert isure home insurance broker in Ottawa will always provide trustworthy, knowledgeable, and transparent advice. They will objectively go through each quote and let you know what will be covered in detail.

Control Your Home Insurance Policy

When you work with us, you can quickly register, manage and change your policy.

Get the leading insurance policies with the best personalized options you deserve.

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