This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies. More information

 

613-347-2215

Homeowner's Insurance

If you have any questions or would like more information about homeowners insurance please Contact Us.

Homeowner's InsuranceWhen buying a home, one word you will hear often is "insurance." As a homeowner you are concerned about protecting your house, your personal belongings and your personal liability. It is important that the coverage you choose provide the comprehensive protection that you need. Homeowner's insurance protects you and your house against losses from fire, theft, liability, vandalism, water damage, wind damage, tornadoes and loss of use. Earthquake and flood insurance are not included but can be purchased separately.

 

Types

There are three types of homeowner's policies to choose from. A clear understanding of the coverage each type offers will help you select the right policy for your needs. Each type carries a deductible amount you select.

  • A standard policy requires coverage for at least 80% of the value of your home, excluding land and the foundation. It will usually insure your personal property at actual cash value.

  • A broad-from policy is more inclusive than the standard policy and covers additional named perils such as glass breakage, smoke damage, etc.

  • An all-risk policy covers even more than do the standard and broad-form policies. An example of a covered risk might be damage caused to your roof from ice build-up in the gutters.

Insurance For Your HomeSome of these policies offer optional guaranteed replacement cost coverage on your home and its contents. Replacement cost coverage will pay to rebuild your home and replace its contents with no depreciation coming into play. It is important to understand that the replacement value of your home is based on your insurance company's estimate of the cost to rebuild your home on your property. It is not based on the purchase or appraised value of the home. Most policies have a built-in annual increase of replacement cost coverage.

 

Reducing Premiums

When purchasing homeowner's insurance, there are ways of lowering your premium. Most insurance companies offer discounts for smoke alarms, fire extinguishers, dead bolt locks, and whole-house alarm systems. If your home is fairly new, or if you elect to insure your automobiles with the same company, you are likely to receive a discount on your premium. Another way of lowering your premium is to select as high a deductible as you can afford. Raising your deductible reduces your premium. Insurance is the type of service you buy hoping that you will never have to use it. The right insurance can give you a sense of security in knowing that you are adequately protected.

About Our Brokerage


Our boutique brokerage in Lancaster village has been providing top quality real estate services to our clients for the past 30 years. We enjoy lots of repeat and referral business from local sellers, including hobby farms, waterfront, village and rural homes, land sales, commercial and investment properties.

Our buyers are from here and all over Canada; we specialize in helping Quebecers in their move just over the border. We are the only brokerage in the area with two agents licenced to sell in both provinces.

Glengarry County is the area between Cornwall in the west and Quebec in the east with the St. Lawrence River as the southern boundary. The northern border roughly follows Highway 417. The countryside is dotted with villages large and small across rolling farm land divided by woodlots.

If your dreams include owning a property in Eastern Ontario, come and see us, give us a call or send an email. We are easy to find in Lancaster, just take Exit 814 off Highway 401 and look for us near the bank, post office and LCBO!

Contact Us


12 Duncan Street, Box 154
Lancaster, ON, K0C 1N0
Phone: 613-347-2215
Fax: 613-347-3715
Email: info@glengarryrealestate.com