Let Ontario West Insurance Brokers help you find the best insurance for your needs. In Ontario, it is not mandatory for you to have property insurance but of course we recommend that you do. There are multiple types of property insurance.
You are legally responsibly for any damage you cause to any part of the building and for unintentional harm caused to others who live in or visit your property while you are renting. Renters insurance will also ensure that you will be placed in another location if you are not able to remain in your location due to an insured peril (like fire). The personal property coverage that you invest in is your choice.
Although not mandated by law, insuring your home will ensure that you are covering possibly the biggest investment of your life. Home insurance covers your dwelling, additional buildings, personal property, if you are not able to stay in your home due to an insured peril, liability coverage and voluntary medical and property damage coverage.
This is similar to home insurance but different in that you are not covering the actual dwelling that you have purchased. With condo insurance you will be insuring the inside of the location including betterment and improvements.
You will require this insurance when you own a location but don’t live in it and rent it out to others. This coverage is very similar to home insurance but you are able to add on extensions to cover rental income and damage by tenants.
There is optional coverage that can be added to property policies such as:
- Sewer Back Up
- Overland Water
- Jewellery, furniture and fine art
- Home business
And many more, this is why it is important for your broker to know your full situation so we are able to best advice you on the right coverage.
Some tools to help you determine what insurance you need:
Water Damage Prevention Checklist
To maintain your home’s flood protection features:
- Remove debris from your nearest storm drain and eavestroughs
- Test sump pump(s) and backup power source
- Clean out backwater valve
- Test flood alarms
To prevent water from entering your basement:
- Correct grading to direct water at least 2 meters away from your foundation
- Extend downspouts and sump pump discharge pipes to direct water at least 2 meters away from your house
- Install window well covers
- Install window wells that are 10-15 cm above the ground and are sealed at the foundation
- Install water resistant basement windows
- Install a backwater valve (work with a plumber and get required permits)
To remove water from your basement as quickly as possible:
- Remove obstructions to the basement floor drain
- Install a backup sump pump with a battery
To protect belongings in your basement:
- Store valuables in a watertight containers or remove from basement
- Store hazardous material (paints, chemicals) in watertight containers or remove from basement
- Raise electronics off the floor
- Select removable area rugs and water resistant furnishings
If a fire starts in your home, early detection is vital to get you and your family out safely. Install a smoke alarm on every story of your home and outside all sleeping areas – it’s the law! Test your smoke alarms once a month and change the batteries once a year. Working smoke alarms can give you the precious seconds you need to escape.
Alcohol and fire are a dangerous mix. If someone in your household cooks or smokes under the influence of alcohol, you must be aware of the risk. Keep a watchful eye on drinkers and make sure you have a working smoke alarm on every story of your home and outside all sleeping areas. Remember, there’s more to responsible drinking than calling a cab.
Survive the Holidays
Every year in Ontario, tragic fatal fires occur during the holiday season. We urge you to take a few minutes to protect yourself and your family. Test your smoke alarms to make sure they are in good working order and change the batteries if necessary. Then review your home fire escape plan. All members of your household should know two ways out of every room.
Careless smoking is the leading cause of fire deaths. If you know someone who smokes be sure to remind them of these safe smoking habits. Smokers should use large, deep ashtrays and never empty ashes into the garbage. Never smoke when tired or after drinking. If someone in your household smokes, make sure your home is well equipped with smoke alarms to alert you in case of fire.
Careless cooking is the number one cause of home fires in Ontario. Most of these fires start because pots and pans are left unattended on the stove. If you must leave the kitchen when you are cooking, turn off the stove. While cooking, always keep a large lid nearby. If a pot does catch fire, slide the lid over the pot, then turn off the stove.
Home Fire Escape Plans
Many people who die in home fires are overcome by smoke while trying to escape. Having a home fire escape plan is one of the best ways to ensure you and your loved ones get out safely. Everyone in your home should know two ways out of all areas. Assign an adult to help the very young and older adults. Choose a safe meeting place outside, and call the fire department from the neighbours.
Fireplaces and Candles
There’s nothing more appealing on a cold winter’s night than a blazing fire place and the warm glow of candles. But open flame can be an invitation to disaster. Please treat fire with respect this holiday season. Never leave your fireplace unattended and always use a fireplace screen. Don’t burn wrapping paper or ribbons in your fireplace. Make sure candles are in a secure holder and place them out of the reach of children.
There may be an intruder lurking in your home from which no burglar alarm can protect you. Carbon monoxide is invisible and odourless and it can kill you. Homes with fuel burning appliances or attached garages must have C-O alarms installed outside all sleeping areas - its the law. Remember, only a carbon monoxide alarm can alert you to the presence of this deadly gas.
Christmas Tree Safety
Here are a few tips for a fire safe Christmas tree. Buy a freshly cut tree and keep the stand full of water at all times. Check all decorative lights before placing them on the tree and discard any frayed or damaged lights or cords. Never place lit candles on or near the Christmas tree. When large amounts of needles begin to fall off, it’s time to get rid of the tree.
For further information, visit the Fire Prevention site provided by the London Fire Department