You know you need home insurance to cover you in case of worst-case scenarios. But you’re probably worried about how much it’s going to end up costing you. Here is a general idea of what you can expect to pay in the Calgary area.
How To Find The Cost of House Insurance in Calgary
Start with Proper Coverage
If you’re looking for home insurance in Calgary, you want to make sure that the plans provide the coverage you need. The insurance plans should cover things like theft, fire, water damage, and general damage to your home.
For example, if a storm floods your basement or if your roof gets damaged, the insurance plan should cover the costs. These kinds of events can end up costing you thousands, even tens of thousands of dollars depending on the extent of the damage. You do not want to be caught without insurance in these scenarios.
Average Rates in Calgary
In general, the average rate for home insurance in Calgary is around $80 to $100 a month. This works out to around $1100 annually. At the same time, your rates will be based on many different factors.
Factors that influence your rates include the condition of your roof, the location of your house, insurance claim history, credit score, age of your home, and more. The biggest factors will most likely be the state of your home and your personal financial history.
There Are Many Kinds of House Insurance
House insurance isn’t just limited to residential homes. It’s important for you to know that you can get insurance for condos, mobile homes, detached homes in your property, and even home-based business insurance if you run a business out of your home.
In addition, you can also opt to get renters insurance if you are renting your current place. This can cover things like theft, damage to personal property, and living expenses if you need to vacate the home due to a wide variety of issues.
Get the Best Rates
As with everything, you want to contact Calgary insurance brokers for quotes. While rates are important, you also need to consider the coverage and reliability of the company. You want to go with a company that’s going to provide great coverage and have a reputation for paying out the full amount you require.
Lakeview Insurance Brokers Ltd. has been a highly dedicated member of the Independent Brokers Association of Albert and has been family-run since 1979. Our brokers take the time to ensure you get the best policy that suits your needs. Contact us today to get started at 403-287-2521 or send an email to [email protected]