House Insurance Markham
People from all over the world come to live in Markham. The city is home to a booming local economy and thriving real estate market. When you’re here, check out beautiful Toogood Pond Park, the historic Markham GO Station, and the Varley Art Gallery!
Your house in Markham is worth so much more than the money you invest in it. It’s your home, a place where you can unwind, relax and spend time with your loved ones. Protect it with house insurance in Markham.
You might have all kinds of questions about your insurance, such as: How do you choose the right Markham home insurance provider? How much insurance coverage do you need? And how can you save more on your premiums?
Home insurance in Ontario can be overwhelming at first. At Westland Insurance, we know how crucial it is to find the right insurance for your property, lifestyle, and budget. We’re here to simplify your coverage so you can make the right choice for you and your family.
What Does House Insurance in Markham Cover
When accidents happen, home insurance helps you get your life back on track ASAP. With a standard home insurance policy, you’ll be covered for perils like water damage, theft, wind, vandalism, and fire. It protects you from incidents that occur while you’re at home or away.
Here’s exactly what your home insurance will cover:
Just like your home, your personal belongings carry more value than their price tag. Make sure they’re protected with home insurance in Markham.
This coverage applies to all the items within your home, that includes your clothes, furniture, appliances, sports equipment, and more. If you ever need to replace your personal property, you’ll be glad you got home insurance.
Did you know that your insurance goes beyond the walls of your home? It extends to other structures on your property, including your garage and fence.
When people think about home insurance, personal liability coverage isn’t the first thing that comes to mind. But it’s one of the most important parts of your policy. It protects you from any liability issues that may arise while you’re at home or visiting another person’s home. You’ll get coverage for medical expenses, repair costs, and legal fees that may result from a liability claim.
If you can’t occupy your home due to an insured repair claim, where will you stay? Luckily, your home insurance policy will cover alternative living arrangements, including meals and hotel costs.
What It Doesn't Cover
Your home insurance in Markham has its limits. When you contact one of our insurance brokers, we’ll clarify the limits of your policy, so you can adjust your coverage as necessary.
If you have highly valuable personal belongings, consider extending the limits of your content coverage. Otherwise, you may not be completely reimbursed for the replacement costs of your personal property.
In addition, we suggest increasing the limits of your personal liability coverage. A basic policy includes $1 million in coverage, which sounds like a lot, but costs add up quickly. Increasing your limit to $2 million will offer far more protection without substantially raising your premiums.
Your home insurance policy in Markham only covers you for certain types of water damage. But you aren’t protected from water damage claims caused by overland flooding. For that, you’ll need to purchase additional coverage.
Why Do I Need House Insurance & Is It Required in Markham?
You’ve finally found your dream home. And if something were to happen to it, you’d want to do everything you could to restore it. That’s why you need home insurance.
For your financial protection, we strongly recommend that every homeowner gets insurance for their property. Otherwise, you may be stuck paying out of pocket for repair costs.
In Ontario, home insurance is not required; however, you’ll have a difficult time getting approved for a mortgage without it.
Factors That Affect the Cost of House Insurance in Markham
Budgeting for home insurance is a breeze with Westland. We’ll provide you with a quote in minutes, so you know exactly how much you can expect to pay for your coverage.
A few factors that affect the cost of your insurance are:
- Age of Home. Older homes are at a higher risk of a claim.
Location. Depending on your neighbourhood, you may be at a higher risk of vandalism or flooding.
- Construction. The type of building materials used to build your home will affect your rates.
- Credit Score. Get a soft touch credit check to see if you’re eligible for a discount.
- Claims History. Never made a claim before? Ask your insurance provider about the claims-free discount.
- Distance to Services. How far away is your home from a fire station or fire hydrant?
Coverage Options for House Insurance
You may be eligible for additional coverage if you’re interested. Keep in mind that eligibility depends on the location of your home and your lifestyle. Options include:
- Identity Theft
- Home-Based Business
- Overland Water
- Sewer Backup
- Service Line Coverage
- Claim Protector
- Home Equipment Breakdown
House Insurance FAQ
We’re going to clear up a few questions that our insurance brokers are commonly asked about house insurance:
An insurance company can only cancel your policy if they provide you with written notice. You’ll be notified if they decide to cancel your policy for any reason.
If you decide to cancel your insurance policy, let your provider know as soon as possible.
Reduce your risk of making a claim, and you can pay less on your insurance. Take these steps to lower your payments:
- Mature Customer (55+ years). Be sure to tell your insurance provider when your birthday is; you may be eligible for a mature customer discount.
- Claims Free. We recommend that you only make a claim if necessary to maintain your claims-free discount.
- Local or Monitored Alarm. A security system will deter thieves and lower the cost of your insurance.
- Water Leak Detection Device. Prevent water damage claims with a leak detection device.
- Company Loyalty. Bundle your home insurance with your auto insurance to save money.
- Mortgage Free. Have you paid off your mortgage? Nice work! Let your insurance company know to get a discount.
- Credit Score Factor. A good credit score means you might pay less on insurance.
Sprinkler. Install a sprinkler system to stop fires before the damage spreads.
Get Markham Home Insurance With Westland Today!
When you buy home insurance, you hope you’ll never have to use it.
But if that day comes, you’ll be glad you went with Westland Insurance.
We’ll help you choose the right coverage for your lifestyle. Your home is important to you, and we’re here to help you protect it. We’ll assist you with finding coverage for your entire home and save money while you do it.
To get a quote for home insurance in Markham, contact us today!