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?