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