Home Insurance: Chatham, ON

Take the time to review each of these types of protection to ensure you have adequate coverage limits in place, and always know your deductible. Find out exactly what is covered. Most plans cover damage caused by smoke and fire, storms, explosions, vehicles, falling objects, volcanic eruptions, theft, and vandalism. It is important to keep in mind that your home insurance in Chatham may not always cover damage that resulted due to negligence. For instance, while your plan would cover damage caused to your roof by a fallen tree, an old roof that collapses due to neglect is typically not covered.

Learn what types of water damage are covered under your specific Chatham home insurance policy. Harm caused by flooding, sewer backup, groundwater, and surface water are typically not included in a basic plan. Depending on the risk of flooding in your area, it may be wise to purchase a flood insurance policy in addition to your home insurance in Chatham. You may need to purchase additional coverage if you have jewelry, art or electronics of especially high value. Our agents can help you better understand your insurance plan and decide what additional types of coverage you could benefit from in your area. Other endorsements to ask about include earthquake coverage, guaranteed replacement cost, and sewer back up.

Before making any major renovations, make sure to find a licensed contractor and speak with your broker to review the contract. The contractor should be able to provide a certificate of insurance, which often includes coverage for property damage, personal liability, and worker’s compensation. It is possible that the changes you make to your home may require you to make changes to your policy. You will also need to add builder’s risk coverage to your home insurance in Chatham.