Catastrophic wildfires and flooding across Canada dominated the news this year, and are among the most significant challenges facing insurance companies and homeowners alike. There are a lot of things you can’t control, but knowledge and preparedness are the best defences.
Here are our top five most popular home insurance stories from 2017:
#1. How a Wood-Burning Stove Affects Your Home Insurance
Having open flames in your home will raise your insurance premiums. If you install a wood stove or fireplace, you need inform your insurer beforehand — any omissions or misrepresentations risk voiding your policy.
#2. 6 Steps to Create a Home Inventory That Makes Insurance Claims Easier
Keeping an up-to-date list of your possessions and their estimated value can help you decide what insurance policy is best for you, and makes filing claims easier after a catastrophe. Here’s a step-by-step guide on how to put one together.
#3. Legal or Not, Growing Marijuana Risks Your Home Insurance
Recreational use will be legalized across Canada in 2018, and some people can already grow medical marijuana plants with a licence, but growing plants in your residence is a home insurance quagmire.
#4. 6 Times When You Should Review Your Home Insurance Coverage
Insurance needs change over time. From renovations to a significant other moving in, here are six times in your life when you should re-assess your home insurance policy.
#5. Does Homeowners Insurance Cover Fallen Trees?
A majestic oak tree crashing through your living room is every homeowner’s nightmare, but home insurance will generally cover repairs to your home and additional living expenses — however, there are a few important exclusions to consider.
- Flooding and Home Insurance: Are You Really Covered?
- Homeowners’ Insurance Options for Airbnb Hosts
- Why You Should Never Lie to Your Home Insurer