Contrary to what some people think, home insurance and mortgage insurance are not the same thing! Read on to learn about each type of insurance and the difference between the two. When people think of home insurance and mortgage insurance, often they assume that they are the same, or at least very similar. In fact, they are completely different and address two different insurance needs. Let's have a look at each one and explain the differences.
Choosing the right amount of home insurance can be tricky. There are a number of variables to keep in mind to get the right package for you and your family. There are some key points to keep in mind that will make the choice easier. Home insurance can be a bit of a mystery, especially if you're a first time home owner. Fortunately, it's not that complicated, you just need to keep a few points in mind.
Mortgage companies in Canada require you to buy home insurance to cover (at a minimum) the balance of your mortgage should your home need to be replaced or repaired due to fire or other damage. But all insurance policies are not created equal. Here's what you need to know to help you find the right home insurance for you and your family.
If you buy a new home in many parts of Canada, you're required to have a home warranty. Knowing some of the basics of the home warranty process can help protect you and your home. Here's how it works.
Home insurance is a necessary expense for everyone who owns a home. If you're like most people, you want the best coverage, but you also want to save as much money as you can. Home insurance is mandatory for anyone wanting to get a mortgage from a Canadian based financial institution. It's important to get the right policy for your needs. But we all would like to save some money at the same time. Here are seven ideas for saving money on your home insurance premiums.
Home insurance is often a source of many questions. There are so many options and possibilities for protection that consumers often end up with questions about their coverage. Find out the answers to some commonly asked questions about home insurance coverage, and make sure you know the details about your policy before you find yourself at a loss and looking for answers and reimbursement on a claim.
Home insurance policies can vary widely in many ways, including what losses are covered, how much the deductible is, and the coverage limitations. Understanding your home insurance policy thoroughly can help you decide which policy is the best to protect your property and your family. Here are the basic components that make up most home insurance policies.
Questions about liability can be tricky when it comes to home insurance, but making sure you're covered is important. Check the details of your home insurance policy to see what your coverage is like, and if you're not satisfied with what you have, you can always shop around for a new home insurance quote to secure a policy at a great rate. The answers to these frequently asked questions can help you make sure that you have the knowledge you need to make the best decisions about your home insurance.
Your home is likely the largest purchase you'll ever make. Your home is your refuge, a place to put down roots, entertain your friends and raise your family. Buying proper home insurance coverage protects your home and your belongings from loss due to accidents, damage, and theft. You may have questions about home insurance - and you should have the answers before you find yourself in a difficult situation. Here are the answers to some of the most commonly asked questions about home insurance in Canada.
Whether moving into a new home, or considering changing insurance coverage, understanding the basics of home insurance is crucial in helping you make the right decisions. You need to know exactly what each home insurance policy covers before deciding on which home insurance quote best suits your needs.