According to the J.D. Power 2014 Canadian Home Insurance Study, the most common type of home insurance claim is for damage caused by weather – and the number of these claims is on the rise. Yet many people don't fully understand what their home insurance does and doesn't cover when it comes to weather damage.
Compare Your Area's Weather With Your Policy
Since policies vary, the only way to figure out what exactly is covered is to look at your policy or discuss it with your agent.
If you and your spouse have decided you want to start a business together and you are working on getting a business loan, there are a few things you'll want to do to protect yourself financially. Starting a business can be an exciting time, but you have to be aware that 80 percent of businesses aren't able to get past the 18 month mark.
There are a few different things you can do to prepare your family financially in case the business doesn't end up succeeding, or in case something happens to you or your spouse.
As a renter, you have a big benefit that homeowners don't have. When a major appliance is broken, when the building needs maintenance, or when you have nearly any issue, you get to call someone else to deal with it. Even better, the landlord is the one who pays for the repair or replacement. Many people assume that since the landlord is fully responsible for the building that they will also bear responsibility for safeguarding the belongings of the renter.
Home ownership can be one of the most exciting and satisfying achievements of anyone's life, but it also comes with a wide variety of challenges. The potential for accidents is a concern regardless of your level of caution, and in the event you become the victim of a home accident, it's important that you have the protection you truly need.
Below, you'll find a guide to some of the advantages of purchasing an umbrella insurance policy.
While maintaining a valid homeowners insurance policy is an important part of protecting your investment and your financial stability, purchasing too much coverage is an easy way to put undo strain on your budget. This is because the more coverage you carry, the more you will pay each month for this coverage. That is why it is so important to carefully examine your coverage needs before purchasing or renewing your homeowners policy.