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Finding best rates, cheap rates or lowest rates for Home Insurance might be an easy task, but finding the best coverage at the same time may be very difficult. Correct coverage amounts, Guaranteed replacement values, correct evaluations of your personal contents and most importantly, having a proper water coverage is very critical.
The insurance policies may vary between companies, specifically when it comes to water coverage. At InSureU! Brokers, we are an expert group of brokers who would gather correct data to underwrite a comprehensive “Home Insurance” policy. This one-on-one discussion with our brokers will explore all aspects of most important coverages you may need for the home you love and, any additional properties you may have, whether it is a rented condo, a seasonal home or purely an investment property.
Overland Water can become a complex matter as water is our “New Enemy” for claims in Ontario versus fire. Home insurance policies have evolved overtime to address these new issues. Cheap Home insurance rates may not be everything you should be looking at, instead having the best sales, after sales, and claim services are equally essential elements when buying the Home, Condo or Apartments insurance policy.
At InSureU! Brokers, we thrive to give you the best knowledgeable service, because all our licensed brokers and staff are well equipped with top industry knowledge and maintain their up to date continuing education. At the same time, we will discuss all the key facts relating to your specific situations to come up with the most appropriate solution. New Home for first time home, condo buyers are welcome.
We can insure various property situations included but not limited to;
High Value Homes
Short Term Rental
Home under renovation or Major Construction as “Builder’s Risk”
There are many discounts you can avail to save cost on expensive Home insurance or Condo Insurance in Ontario. Some of the discounts may include and not limited;
Combining Car with Home, Condo or Apartment
Choosing correct deductible
Claims Free Discount
Monitored Alarm Discount
Water mitigation devices like sump pump discount
Corporate/Association Group Employee/Member discount
Additional Coverages you may be able to include;
Any Home-based business
Sewer Back Ups
Umbrella Liability Insurance
Our brokers will discuss to incorporate as many discounts as possible to save you money on Home Insurance. An independent broker is your best bet to get the best rates, quality service and independent opinion which is client focused.
InSureU! Supports Canadian family values and diversity, and we serve you in many different languages to make you as comfortable as possible.
Our brokers will discuss to incorporate as many discounts as possible to save you money on Home Insurance.
At InSureU! Brokers, we simplify the buying Insurance process, so don’t delay, Call or Email now for a no-obligation quote.
The condo market is booming in cities across Canada. Developers have realized the sky’s the limit when it comes to this thriving trend with condos offering considerable bang for their buck.
But there is a problem among condo owners – many of them completely misunderstand their insurance needs. There is a widespread misconception that the condo corporation master policy covers all of the building’s contents – but that is not the case.
“Many clients are completely unaware of what insurance they need for their condo. The common misconception is that condo corporation insurance covers individual inhabitants’ contents, but this is not true,” said Ann Marie Coombe, VIP Client Account Manager CIP, Dan Lawrie Insurance Brokers. “When people buy a condo unit, they receive a package from the condo corporation which will contain a set of bylaws for the particular unit. The bylaw will state what a standard condo unit is and what the insurance requirement is.”
A condo corporation master policy is designed to protect damage to the building and its common areas. The master policy will dictate how much of the structure and interior of the individual unit is covered. Everything else needs to be insured by the unit owner.
There can sometimes be challenging and tricky determinations that the unit owner needs to be aware of. For example, sometimes a condo corporation master policy will insure up to the first layer of paint in an individual unit, which means the owner is left to insure all of the inside furnishings.
Different corporations and condo-types insure different things. It is up to the unit owner to pick apart the contract with a lawyer to determine exactly what needs to be covered.
“As a broker, it’s important for us to make sure the client is properly advised by their lawyer and that they fully understand their condo contract and what coverage they need,” commented Coombe. “I will speak with my clients and tell them to go back to their lawyers and get the information they need to determine their insurance requirements, because a lot of them don’t have a clue.”
There are other key issues condo-owners need to be aware of too. For example, some contracts will say the unit-owner is responsible for the application of the corporation’s deductible, in the instance of a claim. It is advised that condo-owners always have protection against the application of the condo-deductible.
“Another cause of concern when placing condo coverage is the loss assessment requirement,” Coombe added. “If somebody gets hurt in the condo complex and the condo corporation is sued, the corporation can assess the individual unit owners as part of the claim if it doesn’t have enough liability insurance coverage. It can assign portions of a claim upon the condo owners.
“It’s another exposure you have as a unit owner. Condo policies always include package extensions such as contents, liability insurance, additional living expenses and loss assessment coverage. Brokers need to make sure clients have everything covered.”
Having adequate liability coverage is one of the most important parts of a condo insurance policy because of the nature of condo-living, according to Coombe. Water and fire are the two most common causes of claims.
“Liability coverage is very important for condo owners because of the nature of adjacent units and close-living,” Coombe said. “If you have damage in your unit and it causes problems in an adjacent unit, not only will you have to fix damages to your property, but you’re also going to have to reimburse your neighbor for the damage to their unit.”
What our clients say about InsureU
Hemen Modi, CEO TWG Design
"I would like to take this opportunity to Thank Sanjay and his team at InSureU for the work they do to support our insurance needs in various products. Sanjay is a a thorough professional and I cannot thank enough for standing up with us when we needed them the most and he delivered his promise."
Alan Kwong, CEO PE PharmEng
"InSureU under the leadership of their President Sanjay is providing various insurance services for over 15 years to us, and been delivered professionally with competitive rates. Sanjay has been protecting our business with utmost sincerity like his own business. I have no hesitation in recommending InSureU for any types of insurance products be it is personal, business or commercial. Thank you InSureU."
Robert and Maria Vomiero
"We value Sanjay’s personalized service, responsiveness and support in all our insurance requirements. His advice and expertise has been valuable and appreciated in assisting us with our present and future insurance needs for the last 20 years."