From the roof to the basement to the outdoor living space and the garage, many things go into your home insurance rate. And, just like auto insurance, home insurance rates can vary substantially between insurers for the same home at the same address. But what affects your home insurance rate specifically?

Roughly 12,000 houses catch fire in Canada each year and fires originating from within the home are the most common culprit. And, sometimes the culprit is a household item we rely on every day, an appliance.

As emergencies go, one could certainly argue we’re in the middle of one right now with the COVID-19 pandemic and subsequent lockdown. And while you may have most of what you need to ride out the pandemic at home (Netflix, toilet paper, and a pre-set grocery delivery each week), do you have what you need in your home emergency kit if a severe storm hit causing a power outage for days?