The value and size of your home determine how much insurance you need. Higher value means higher coverage to rebuild or repair. You may also want optional protections like extra jewellery coverage, vacant home coverage, or sewer backup coverage. A Morison Insurance broker can help you choose the right coverage for your home.

Most home insurance policies have sub-limits for high-value items like jewelry, art, or collectibles often capping coverage at $2,000–$5,000. If your valuables exceed these limits, adding personal articles coverage ensures they're fully protected. A Morison broker can assess your needs and recommend appropriate coverage levels.

Overland water covers flooding from external sources like heavy rain or overflowing rivers. Sewer backup protects against water entering your home through drains or toilets. Both are optional add-ons to standard Ontario home insurance policies and are highly recommended given Ontario's weather patterns.

Replacement cost coverage pays to rebuild or replace items at today's prices, without depreciation. Actual cash value factors in depreciation, paying less for older items. Replacement cost offers better protection and is typically recommended for Ontario homeowners to ensure full recovery after a loss.

One claim may not significantly impact your premium, especially if it's your first. However, multiple claims within a short period can lead to rate increases or policy non-renewal. Before filing, consider if the loss exceeds your deductible enough to justify a claim. Your Morison broker can help you evaluate the best approach.

Yes. Renovations increase your home's value, which affects your replacement cost and premium. Major updates like kitchen remodels, basement finishing, or structural changes should be reported to your broker immediately. This ensures your coverage accurately reflects your home's current value and you're not underinsured.

Home insurance protects your dwelling, personal belongings, and liability if someone is injured or property is damaged. It also covers additional living expenses if you're displaced after a covered loss. 

Extreme weather, theft, fires, and unpredictable events can cause devastating financial loss. Home insurance ensures you can repair, rebuild, or replace what was damaged, and maintain stability for your family during recovery. 

Ontario home insurance typically covers your dwelling, personal belongings, and liability. Standard policies protect against fire, theft, wind, hail, and sudden water damage like burst pipes. Optional add-ons include overland water, sewer backup, and earthquake coverage. Your Morison broker will review your specific needs to ensure comprehensive protection. 

Home insurance rates in Ontario depend on multiple factors: your home's location, age, construction type, replacement cost, claims history, and coverage limits. Installing security systems, bundling policies, and maintaining a claims-free record can help lower your premium. Morison brokers compare multiple insurers to find your best rate. 

Most home insurance policies have sub-limits for high-value items like jewelry, art, or collectibles often capping coverage at $2,000-$5,000. If your valuables exceed these limits, adding personal articles coverage ensures they're fully protected. A Morison broker can assess your needs and recommend appropriate coverage levels. 

Absolutely. Bundling home and auto insurance Ontario policies can save you 10-25% with most insurers. You'll also benefit from simplified renewals, one renewal date, and a single point of contact. Morison brokers specialize in finding multi-policy discounts that maximize your savings without compromising coverage. 

• Home + Auto (Most Popular): one renewal date, fewer bills, potential multi-policy savings
• Home + Umbrella Liability: higher liability protection beyond standard policy
• Home + Personal Articles: protect high-value belongings like jewellery, bicycles, or musical instruments
• Home + Secondary Home: bundle primary and secondary properties for seamless protection
• Home + Vacation Home: seasonal or cottage property + simplified under one provider

Your home insurance policy will typically cover any family members living in your home, such as your spouse, children or parents. Your entire home is protected from liability, and your personal property is insured. In terms of valuables, the belongings of family members living under your roof will be equally insured under your policy. Should your living situation change, say you move in with a partner or your aging parents come to live with you, be sure to let your broker know so we can make any necessary adjustments to your policy. 

Suppose your home is damaged or your possessions are stolen, and you have resulting repair and replacement costs. In that case, the deductible is the amount of said cost you've agreed to cover independently before your insurance company takes care of the rest.   

Often, a standard deductible is about $1,000. To put that into perspective, if a tree falls on your roof after a storm and the repair costs are $4,000, you will pay $1,000, and your insurance policy will cover the remaining $3,000. Keep in mind your deductible often influences your insurance premium. It's worthwhile to talk to your dedicated Morison Insurance broker to see what deductible rate is best for your coverage needs.