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Top 5 Home Insurance Stories of 2017

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.

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