Al Hattie Insurance

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3 Important Questions to Ask Your Home Insurance Broker


Bring up the Discussions Before it's too late!



  1. If I am selling my home and I have moved out of it, do my coverage's change & should I tell my broker?
YES. Insurance companies provide packages & coverage's of insurance based upon the occupancy of the home. Insurance companies require that homes that are vacant be noted to them before or immediately becoming vacant. The insurance companies define Vacancy as the following: 

the dwelling is not occupied and, regardless of the presence of furnishings:

— all occupants have moved out with no intention of returning and no
new occupant has taken up residence; or
— no occupant has yet taken up residence, however, a newly acquired
dwelling which is to be your principal residence, will not be
deemed vacant for the first 30 days from the date of title registration
to you; or
— the dwelling will not be deemed to be vacant or subject to vacancy
restrictions or exclusions up to the first 90 consecutive days following
the death of the Insured or until the expiry date of the policy,
whichever comes first.

       2. What basis of settlement and limitations are there on personal property and contents?

Our home owners policies are designed as packages to include the many aspects a homeowner may need coverage for but what some homeowners may not know is that your personal property and contents are a separate limit and coverage from your dwelling. You should always confirm with your broker because every company is different, on how your personal property will be settled in a claim, for example will you get Replacement of the item or Actual Cash Value (depreciated). As well as, each company has a list on certain items and the max limit that they will provide coverage up to. If you require higher limits on these certain items you will need to schedule them onto your policy to provide that.

      3. What are my requirements when I am away from my home, for example on holidays?

Again, each company has a bit different requirements when it comes to this, so you should definitely be asking your broker what your insurance company guidelines are for when you leave your home in order to make sure you are still covered as not following their specific wordings on this could void your insurance coverage leaving you hugely burdened financially if there were to be a major water escape accumulating damage the entire time you were on holidays. That is why the wordings around this type of situation have been designed by the insurance companies, to mitigate losses when you are away from your home for an extended period of time and regardless of the wording we always suggest having your home checked on by a reliable person daily. 


All of these items are also outlined in your booklet of wordings for each insurance company which you can find on our website, or the insurance companies website or we can easily provide you with a copy at your request.

Does Shivering Count As Exercise?

  

There's nothing really funny about this cold weather but we can't totally knock the weather. If it didn't change once in a while, nine tenths of people couldn't start a conversation!


With the cold weather comes the natural human instinct to get warm. This could mean anything from firing up your wood stove or booking a holiday down south! Either or, this will bring you to want to make a quick stop to Al Hattie Insurance before.

 

                   1. If you have a wood stove, or are planning on installing one make sure you check with your broker, Al Hattie Insurance, beforehand to see if this will affect your home insurance policy and                         how. Wood stoves are ideal as a backup source of heat in that emergency situation where a power outage has occurred.


                   2. If you are amongst the many fortunate people to take off to warmer climates for holidays your first stop should be Al Hattie Insurance to purchase your Emergency Medical Travel                                       Insurance. We carry a variety of carriers to meet all sorts of different client’s needs, and also to provide quotes from those companies, finding you the best rate so that you're not paying                             more than you need to be.


                  3. After your travel insurance needs are met, our one stop shop will also be able to provide you information on your home insurance policy and the specific requirements set out by your                                insurance company that you must meet to have coverage while you are away. Every company is different and ever changing so these are good things to routinely check up on so that you                          are up to date on the most recent requirements.

 

Hopefully these few points from Al Hattie Insurance can help keep the cold weather the only problem until we are all like "Winter who?".