Do I Need Home Insurance in New Brunswick? Is Home Insurance Mandatory ?

People often ask: Do I have to get home insurance? Is it a legal requirement?

Well, home insurance in not required by law in Canada, however, other organizations or institutions can make it necessary.

People, organizations or institutions with a vested interest in your home -- your bank or other lender for instance -- will almost certainly insist you have a home insurance policy, They will want to be shown on your policy that they have an interest in the property, and they usually insist on receiving a copy of it. (Shown as a mortgagee on your policy)

Furthermore, when you think of what's at stake. To possibly lose everything you worked for, your home, your contents, (which is everything in your home) the financial risk is great. There would be a huge financial burden placed on yourself and your family in the event of a loss, it would be crazy not to be insured.

Home Insurance

Protecting what is probably your biggest lifetime investment -- your home -- is or can be an essential part of your financial security. So, it's important that you get the right home insurance policy. One that meets both your needs and your budget.

But how do you compare home insurance plans to be sure you get the best? How do your needs differ from others? What are some of the things that can be done to save money on the cost of home insurance? How do I know what insurance company is a good, reliable insurance company? What would I do if I had a fire?

You don’t need to spend time struggling to find the answers to these questions. Instead, you need to call on your trusted home insurance brokers at Pearson Insurance in New Brunswick! They will do all the work for you!

Pearson Insurance has been answering these types of questions, providing support and arranging quality coverage for homeowners in Sussex, NB, for more than 80 years.

Many of our clients have been with us for decades because they know we're home insurance experts and that we're independent. Being independent means we're not tied to any particular insurance company. We can secure the right protection for you as we have many choices from several top Canadian Insurers.

Home Insurance Explained

What does home insurance cover?

Home insurance covers more than just the structure of your home. A home insurance policy will also cover such things as any detached private buildings, the personal contents of your home, additional living expenses (covers cost of living elsewhere in the event of an insured loss) and a liability section. Through discussions with your broker, together you will come to a limit of coverage to carry on the structure. Once that is determined, the other limits fall into place and can be adjusted if wanted or needed. It is here that additional coverage for special collections, sports equipment, art, and jewelry can be added. 

Your Broker at Pearson Insurance will take the time to discuss your policy, your options and to answer your questions. Home insurance can be complicated, but that is what were are here for. We want to make the process easy for you and to give you a peace of mind about how you are protected.

Can I Switch Home Insurance at Any Time?

Yes, you can switch insurance at any time. If you already have an existing policy you can cancel it and may be able to get a refund. If your current policy is actually due for renewal, you're not obliged to automatically renew it. Having a whole account review at renewal is always a great time to do this.

So, if you're currently insured but want to know if there's a better policy or even a less expensive option, you can speak to the experts at Pearson Insurance at any time.

What should I do if I have a claim?

If the worst happens and you think you need to make a claim, you can call your broker or you may speak directly to your insurance company.

When you speak with your broker or insurance company, we will find out what happened, file a report and move ahead to deal with the loss.

If you're not sure whether you should report a claim, speak to Pearson Insurance.

We're here to help and support you. We work for you not the insurance companies.

Pearson Insurance - Your Trusted New Brunswick Broker

If you have questions or you'd like a fast, free, no-commitment quote on insuring your home, contact Pearson Insurance now by filling out our form or giving us a call at 506-432-1550. It's that easy.

We are a full service broker that offers auto insurance, umbrella insurance, and  business insurance You can visit our Frequently Asked Questions page for more information on your insurance questions!