Home Insurance Oakville

Why Do I Need Home Insurance In Oakville?

It is highly recommended that all Oakville homeowners have home insurance. It is affordable and has so many benefits, should you need to use it. Your home is oftentimes the biggest asset you own, and you want to ensure it is properly protected. Do not leave yourself stuck when you need it most.

Oakville home insurance protects your dwelling and other belongings. In the event of damage to your home due to high winds, fire, theft, and more, your Oakville homeowners insurance policy will pay for the repair or replacement of damage done. Most home insurance policies also cover the contents inside your home like clothing, furniture, and appliances. Without Oakville home insurance, you will be left paying for these expenses out of pocket. Protect your home and your wallet and purchase Oakville home insurance.

How Much Home Insurance Do I Need For My Oakville Home?

When purchasing home insurance in Oakville, be sure that you have enough coverage should you need to repair or replace your home in the event of a loss. Everyone’s insurance needs are different, but our Oakville brokers would typically recommend a homeowner’s comprehensive policy. Comprehensive coverage will protect your home and everything under your roof subject to exclusions and special limits. Our insurance brokers also recommend adding sewer backup and overland water coverages to your homeowner’s insurance policy.

Since everyone’s insurance needs are different, we recommend speaking directly with one of our Oakville home insurance experts to provide you with a home insurance quote tailored to your specific needs.

Is Home Insurance In Oakville Mandatory?

Although home insurance in Oakville is not required by law, it is highly recommended that every homeowner has home insurance. Your home is your biggest asset. It’s where your family lives, where you make your memories and have valuables. In the event of a loss, like a fire, you would be properly protected with homeowner’s insurance.

It is also important to note that if you have a mortgage on your home, many lenders will require you to have proof of insurance before funds are released. In the event of damage to your dwelling, your lender will want to ensure you will not need to pay out of pocket.

Why Should I Use A Broker For Oakville Home Insurance?

An insurance broker is a trained professional who is licensed to sell Oakville home insurance and many other types of insurance. Insurance brokers have access to dozens of leading insurance providers who offer a selection of insurance products and can help you get the best insurance coverage for your Oakville home.

We have your best interest at heart. We are here to provide you with helpful insurance advice, excellent customer service,  and answer any questions you may have about your Oakville home insurance policy. So leave the insurance shopping to us!

What Types Of Home Insurance Can You Get in Oakville?

There are different types of Oakville home insurance policies that provide different levels of coverage, such as comprehensive insurance coverage, basic and named perils coverage, broad coverage, and no-frills coverage.

Comprehensive Insurance Policy For Your Oakville Home: With this kind of insurance policy, your home and its contents will be covered for risks such as aircraft or vehicle impact, fire, lightning, theft, and broken windows. Specific risks that are not covered will be outlined on your policy.

Basic or Named Perils Insurance Policy For Your Oakville Home: This type of coverage provides protection only for perils that are outlined on your policy.

Broad Insurance Policy For Your Oakville Home: This type of policy provides comprehensive coverage on the big-ticket items, such as the building, as well as named perils coverage on the contents.

No Frills Insurance Policy For Your Oakville Home: This type of home insurance policy provides coverage for properties that don’t meet normal insurance standards.

A Morison Insurance broker will help you determine which Oakville home insurance policy is best for your specific insurance needs, and then will help you get multiple insurance quotes.

How To Choose The Right Home Insurance In Oakville

Finding the right Oakville home insurance can be difficult because there are so many options, but it is crucial that you get the proper insurance coverage. When shopping for home insurance in Oakville, be sure to consider the following:

• Find the Right Coverage. There are many different types of home insurance packages, the key is to find the right coverage for you. Do your research to find out how much coverage you need to ensure that, in the event of a loss, you will not need to pay out of your own pocket. Speak with your broker to decide which coverage works best for your insurance needs.
• Do you Require Special Limits? Do you require adding increased limits on your policy? Like bikes, jewellery, art, or anything of value? Using an insurance broker will help you find those insurance providers that offer these limits or are able to add additional coverage.

In a nutshell, contact an Oakville insurance broker who will help you choose the best home insurance in Oakville.

What Does Oakville Home Insurance Cover?

Oakville home insurance will provide coverage for your home, structures on your property such as garages and sheds, personal property such as furniture, appliances, electronics, ad other high-value items in the home, and liability coverage for injuries or damage to someone else’s property.

If you require extra coverage for your Oakville home, additional endorsements may be available. Speak to our Morison Insurance brokers where we will walk you through high-value coverage options to ensure your home is properly protected.

If you are concerned that you don’t have enough coverage for certain high-value items, a great way to ensure that is by creating a home inventory list. This will allow our expert brokers the ability to see the items and value of them, to make sure you get the right coverage that fits your needs.

What Does Oakville Home Insurance Not Cover?

What is not covered by your home insurance is dependent on the type of insurance policy you have. Here are a few common things that are not covered by a typical homeowner’s insurance policy:

• Homeowner neglect (lack of maintenance to your dwelling)
• Mold
• Bad workmanship
• Earth movement
• Acts of war

Unfortunately, it is not possible to protect your Oakville home from all possible perils, however, our insurance brokers are here to ensure that you are covered against the most common perils.

Is My Jewellery Collection Protected By My Home Insurance In Oakville?

On your Oakville home insurance policy, jewellery will be covered up to the specified limit in the “listed perils” section on your policy, such as theft or fire. If you lose it in a circumstance not listed in your policy, it will not be covered. Extra coverage for your jewellery can be purchased. An insurance broker can discuss your options with you.

How Much Does Home Insurance Cost In Oakville?

The average home insurance cost in Oakville can range between $667 to $4,441 annually. The cost of insurance depends on multiple factors including the location of the dwelling, the style of home, if there have been any recent updates, the type of coverage you choose, if there is a mortgage on the property, and much more. Ensure your home in Oakville is properly protected with the right homeowner’s insurance.

Shown below are some examples of the average home insurance cost for Oakville homes from quotes provided for general information. Please note that the prices below will vary depending on your personal circumstances. Speak with an insurance broker who will get you a competitive home insurance quote that is best tailored to your individual insurance requirements, and will make sure you get all the discounts that you qualify for.

*Each quote above was provided with the assumption that there is no more than one mortgage registered to the property.

Does Having A Pool Make A Difference For Home Insurance?

Having a swimming pool, hot tub, or outdoor spa can increase your home insurance premium. Since there are increased risks with these items such as slipping, drowning, and other bodily injuries, the legal costs can be substantial if you are held responsible if damage occurred. It is important to ensure you have the right home insurance coverage to help protect you.

How To Save On Home Insurance In Oakville?

You can save on your Oakville home insurance by bundling your home and auto policies with the same insurance company, having home insurance discounts applied to your policy, or shopping around for insurance. Here are some more ways to save on your home insurance in Oakville:

• Having updates done to your home (roof, electrical, plumbing)
• Having a monitored alarm system
• Having a good credit rating
• Based on your insurance history
• Being claims-free
• Having multiple properties on your policy
• If you are a non-smoker
• Being mortgage-free
• And more!

Does My Insurer Need To Know About Renovations or Changes to my Oakville House?

If you are doing any renovations or changes to your Oakville home, it is extremely important to let your insurance broker know. Renovations can change a lot about your home like the replacement value and square footage. By getting a re-evaluation of your home’s replacement value after your renovations have been completed, this will ensure your home is properly protected to its new replacement value in the event of a loss. Contact your insurance broker if you make any updates to your home.

Where Can I Find Reviews Of Oakville Home Insurance?

You can find independent consumer reviews on home insurance in Oakville by looking on Google, Facebook, and Yellow Pages. When looking for home insurance in Oakville be sure to check out the insurance company’s or brokerage’s online reviews. Real reviews and experiences from real insurance customers can give you a glimpse of the kind of customer service experience you may receive with these companies.

5-star Google review posted by Oakville resident Tony, F.

When Should I Purchase Oakville Home Insurance?

If you currently have home insurance, the best time to shop for home insurance in Oakville is around the time your policy renews. If you cancel your policy with an insurance company mid-term, there could be a charge to do so.

Do I Need To Buy Oakville Home Insurance Before Closing?

If you are in the process of purchasing your first home, the best time to shop for home insurance in Oakville is before the closing date of your new home. In most cases the mortgage company requires that you have proof of a homeowner’s insurance policy before the closing date.

How Many Oakville Home Insurance Quotes Should I Get?

When looking for home insurance in Oakville you want to make sure you are getting the right coverages at a competitive price, so it makes the most sense to work with Oakville insurance brokers. Brokers have the ability to shop leading insurance companies to get your multiple home insurance quotes. Our Oakville brokers will compare coverages, insurance rates, and limits. So sit back, relax and let us do the shopping for you!

How Do I Get an Oakville Home Insurance Quote?

Contact Morison Insurance to get your Oakville home insurance quote. With a dedicated home coverage team, we have the commitment and experience to provide you with personalized coverage for your Oakville home. Call us at 1-800-463-8074 or fill out the form on this page to get started.