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Surprising Things That Could Impact Your Coquitlam Home Insurance

by admin

Home is where the heart is. It’s where we gather, our place to work, our place to relax, and our family’s central hub. Homes in Metro Vancouver are as diverse as the families who live in them. The best way to protect all the things within our home that make us who we are is to ensure we have adequate and accurate home insurance to reflect our individual needs as homeowners. If you live in the Lower Mainland and any of the following apply to you, don’t forget to discuss them with your broker here at Prime when reviewing your Coquitlam home insurance.

Dogs, frogs, and other pets

Even though we Canadians consider our pets to be family members, on paper they are our property. That doesn’t mean we won’t let them sleep on the couch and give them presents during the holidays, it just means that your Coquitlam home insurance could be responsible for them and their actions. Some pets are considered more of a liability risk, in particular some breeds of dogs. Dog bites are, unfortunately, more common than you would think and if they occur on your property, your liability insurance may or may not cover a claim made against you. Other more exotic pets may not be covered at all by your insurance provider. Damage to your property caused by a pet may also be under scrutiny. Sometimes these issues can be avoided by purchasing additional coverage on top of your regular policy. The best way to determine what you may or may not need to safely cover any pets in the home is to discuss these things with your insurance broker, so you know your insurance policy’s limitations and how to proceed.

Trees

Trees and plant life are essential to the healthy functioning of our world. They add beauty and serenity to landscaping. Unfortunately, they can also increase your insurance premiums depending on their size and location. Trees of a certain height can pose a threat to your home, your roof, and your foundation if they are deemed a risk during windstorms or have roots that threaten the base of your home. Not all Coquitlam home insurance will cover fallen trees or uplifted foundations from overgrown tree roots. If you are building a home insurance policy, it’s essential to be detailed and forthcoming with your broker about all the trees on your property, their size, age, and proximity to the structures of your home. This will save you the potentially devastating costs of damage in the future by falling limbs, falling trees, or damage to your house’s foundation.

Hobby farming

Many homeowners in the Lower Mailand with a bit of property have taken to hobby farming as not just a pastime but a source of side income to help with the rising costs of living. While an admirable endeavor, hobby farming, and all its equipment and activities are not automatically covered by your home insurance policy. If you are planning to farm anything on your property, bring in any new equipment, or erect any new outbuildings, it’s crucial to discuss your plans with your broker to make sure you’re protecting your new venture without putting your Coquitlam home insurance at risk.

Whether you’re welcoming a new pet, growing heritage crops, or trimming your trees, protecting our homes, hobbies, and families is as important today as it ever was. Keeping the things you love safe starts with a call to your insurance broker here at Prime to make sure your Coquitlam home insurance has you covered.