understanding your insurance hub international barton insurance the cottages on osoyoos lake
Post on 12-Jan-2016
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Understanding Your Insurance
HUB International Barton Insurance
The Cottages on Osoyoos Lake
Why is Home & Seasonal insurance important?
For most people their home(s) is their biggest asset
Peace of Mind
Protecting your biggest asset
Protection for your personal belongings
Why is Home and Seasonal insurance important continued
Additional living expenses
Liability exposures
Earthquake coverage
Sewer back-up/water damage
Personal belongings
Perils
What type of losses are covered?
• Fire • Forest Fires• Break & Enter• Smoke damage• Explosion
Other Perils
• Windstorm or hail damage to your home
• Lightning
• Falling Objects
Water Damage
Explosion
Bathtub overflows
Kitchen tap is accidently left running
Liability for Homeowners
Did you realize that your home insurance can protect you even when you’re not at home?
Accidents happen – your home insurance can be your security blanket
Premises Liability for Seasonal Owner
Did you realize your policy covers accidental injury for 3rd parties?
Accidents happen – your insurance can be your security blanket
More losses covered by Your Insurance:
• Impact by Vehicles
• Riot
• Collapse, including weight of snow & ice
• Electricity – sudden & accidental damage caused by electricity
How are Insurance Premiums Calculated
• Where is the nearest fire hydrant?• Is there a responding fire hall?• Is there a Security system in the home?
Factors that could affect your Insurance premium
• The age of the home
• Age of owner
• Claims History
• Mortgage Free
• Where is the home located? (fire protection)
• Occupancy of home
• Home run business?
• How many families live in the home?
• Any rental suites
• Deductible Options
Any Questions?
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