Alberta Home Insurance

Home insurance does not cover your vehicle while it is in your garage.

Your vehicle is only insured under auto insurance, and it depends on the type of coverage your policy has whether or not it is covered while inside a garage. You can check with our team of account executives or customer support specialists about the particulars of your policy.

Many providers will cover items up to a certain amount. It depends on the value of the item. If it's a highly valuable item, you may need to get an appraisal done, and then it would have to be listed on the policy. We call it "scheduling it" as an individual item which really means listing it on your policy so if there was a loss there is a record of its value.

The most common home insurance claims that you'll find are:

• Theft of personal property
• Sewer and water damage
• Natural disaster damage like wind, storms, and hail
• General flooding from a natural disaster or a broken appliance

There are a few reasons why some homeowners may pay more than others for home insurance within the same city or town.  

The size or age of the home is a consideration, the insured's claims history, or if you are within a territory or region that is designated as high-risk by an insurer. 

Other people could have discounts available due to measures taken that prevent theft like additional security equipment, they have a higher deductible, or they have no claims experience.

There are many reasons people's home insurance reflects a higher value than what is shown on their property assessments.

Some of the things your insurer takes into account are:

• Building materials used
• Labour expenses
• Your home's age
• House size compared to others in your area

Based on these factors, insurers will calculate an estimated amount that would have to be invested for you to completely rebuild a comparable house.

There is water leakage and rupture coverage on various insurance policies. Because of this, your plan will cover you if your pipes burst or if a water heater breaks, or a toilet overflows. It’s best to go over your specific policy with your account executives to make sure you know exactly what is and isn’t covered.