Home Insurance Burlington

Home Insurance in Burlington

Burlington can be a wonderful city. With a beautiful view of Lake Ontario, a thriving arts and culture scene, and the largest rib fest in all of Canada, there's a lot for Burlington residents to enjoy. However, if you want to live here, you'll need a place to stay, and Burlington housing is quite expensive, meaning a Burlington home will likely be the most significant investment you'll make in your entire life. Given the hundreds of thousands of dollars, you'll spend buying, renovating and maintaining your home, it only makes sense to protect your investment, especially since a single stroke of bad luck can leave a homeowner with plenty of property damage and an expensive bill to pay out of pocket. Burlington home insurance can help you with that. Our Burlington insurance brokers can help you get insurance for your Burlington home, as well as any other insurance needs you may have.

Is Home Insurance In Burlington Necessary? 

Although Burlington home insurance is not legally required, it is recommended, and if you have a mortgage, your lender will likely require that you have a Burlington home insurance policy. Given the extremely high cost of Burlington homes, even a minor amount of physical damage to one of them can be crippling to your finances if you're left to pay out of pocket. If you would like to know more about whether Burlington home insurance is right for you, our experienced brokers at Morison Insurance would be happy to answer any questions you may have.

What Does Home Insurance In Burlington Cover?

Burlington home insurance covers a wide range of possible forms of damage that your home could face including fire, theft, wind and water damage. Please keep in mind that your home insurance policy will often cover several attached and detached structures, such as a garage or shed, as well as items kept inside of these structures. Depending on your coverage, additional items, such as a pool, can be added to your plan. If you would like any further clarification as to what is and isn’t covered by your policy, your Morison Insurance broker is happy to answer any questions you may have and provide the right coverage for you.

Fire

Every building is susceptible to fire. Although we trust that you're doing everything possible to minimize the odds of a fire using kitchen safety tips, as well as taking steps to minimize the chances of an electrical fire, there's no way to lower the chances to zero. Even if it was possible to be 100% sure a fire never starts in your home, you can't ensure that a fire doesn't spread to your place from a neighbour's place. Even a small fire on your property, or one that's put out quickly by sprinklers, can do a lot of damage, even to parts of the home it didn't reach. In addition to burning almost anything it touches, an open flame can lead to secondary impacts such as smoke damage. 

Water Damage

Water damage is also a constant threat to any home, as just like fire, you can't control all the factors, and the danger often comes from external sources outside of your control. Even if you don't live by the lakeside, a storm that clogs the sewers can cause water to enter into your basement, doing damage. Simply having something like Lake Ontario so close to the city does increase the chances of significant rain storms such as this, putting everyone in Burlington at risk, making water damage insurance a highly recommended aspect of Burlington home insurance.

Let's say that despite doing everything you can to protect your waterfront property from damage, an unexpected flood after a thunderstorm does lots of water damage to your home and causes flooding in your basement. If your home isn't adequately insured, even in a good scenario, you'll likely be on the hook for tens of thousands of dollars, or even worse. Burlington home insurance is a form of homeowners insurance that can protect you in this situation, giving you peace of mind knowing that your most valuable asset is financially backed by an insurance provider.

Contents Coverage

Contents insurance protects many of your other possessions. If you create a home inventory list to keep track of your most valuable and important possessions, contents insurance can provide coverage for these items. Make sure that you keep careful track of many of your items. It is also vital that you understand the difference between contents coverage and home equipment breakdown coverage. Contents insurance will also often cover items in your home, attached and detached structures such as a shed, if said structures are also covered by your policy. If you have any questions about these differences or anything else dealing with content coverage, the insurance experts at Morison Insurance would be happy to answer your questions.

Personal Liability

Personal liability coverage financially protects you when you cause harm to others while on your property. One of the most common types of claims that this can protect you against is if someone else suffers a physical injury while on your property. This would include situations such as a courier professional suffering a slip and fall on your driveway, one of your kids' friends suffering an injury while playing a game of football in your backyard, or your dog attacking someone on your property. If you are found legally responsible in any of these scenarios, personal liability insurance can financially cover your legal expenses if required.

Personal liability coverage can also cover you for any damage to a neighbour's personal property that you are held responsible for, such as if a tree on your property falls into their yard and damages some of their possessions.

What Does Home Insurance In Burlington Not Cover?

Although Burlington home insurance can cover you in many situations, it does not cover every case in which you can find yourself. Problems such as frozen pipes, damages caused by poor maintenance on the part of the insured, and damage to others caused by malice or neglect on your part are not covered by Burlington home insurance policies. There are many other scenarios where floaters and/or other add-ons may cover certain situations. If you are interested in having any additional coverage added to your Burlington home insurance plan, please speak to your Morison Insurance broker.

How Much Coverage Do I Need For Home Insurance In Burlington?

This question will have a very different answer for every person, as the level of insurance coverage desired by each policyholder's needs will differ. The particular risks faced by each individual will also be different, based on factors such as location and the build of the home. To determine your needs, we recommend you speak with your Morison Insurance broker to develop a plan that makes sense for any unique factors about your information. Once they have a better understanding of your needs, they can make recommendations to you and provide you with a custom Burlington home insurance quote for your needs.

How Much Does Home Insurance In Burlington Cost?

It is understandable to attempt to see how much Burlington home insurance costs, as you will want to find affordable rates, wishing to factor that in before buying a home. However, determining cost is more complex than it may seem. Burlington home insurance does not have a set cost. This is due to the vast array of possible factors impacting the level of risk taken on by the insurance company. It is also important to remember that two companies will often charge the same client two different prices, as there is no 'standard' price based on risk. For all of these reasons, even determining an average rate is tricky. Some of the factors that can impact Burlington home insurance costs include the following:

• The replacement cost of the home.
• The claims history of the insured.
• The area of the home and risks inherent within that neighbourhood.
• The level of protection desired by the insured and any additional type of insurance desired.
• Age of the home.
• Square footage of the home.
• Style of home.
• Any renovations made by the policyholder as well as previous owners.

Please note that this is not an exhaustive list. If you would like to know more factors, it is best that you ask your Morison Insurance broker to learn more.

Why Is Home Insurance In Burlington So Expensive?

We understand that the cost of home insurance in Burlington can seem expensive. This is due to a handful of factors, including location and fraud. Burlington’s location means that the cost of home insurance will invariantly be expensive. Due to Burlington’s close proximity to Toronto, the high cost of homes in the area will invariably drive up the cost of home insurance. Another factor is the high degree of insurance fraud. Fraudulent claims of anyone in the area increase the risk faced by insurance companies, raising their rates.

However, remember that there are plenty of ways to lower your rates and save money, so there are still plenty of opportunities to lower your Burlington home insurance premium.

Are There Any Discounts On The Price Of Home Insurance In Burlington?

Yes. If you are interested in saving money on your home insurance in Burlington, there are plenty of discounts that you can take advantage of. A list of potential Burlington home insurance discounts is below:

• Bundled home and auto insurance discount
• Having a burglar alarm or other security system
• Having paid off your mortgage
• A retiree discount
• Loyalty discount
• Newly built home insurance discount
• Non-smoker home insurance discount

Please note that this does not list every discount you are eligible for as a Burlington homeowner. If you would like to know about any other discounts you can get, please get in touch with your Morison Insurance broker for more information, and they will be glad to let you know more ways to save.

Are There Other Ways I Can Lower The Price Of My Burlington Home Insurance?

Yes. Even after you have attempted every discount possible, regardless of whether you were able to acquire them, you are able to do further activities to lower your Burlington home insurance rate. They include, but are not limited to, the following: 

• Increase your deductible
• Take steps to reduce the chances of needing to make future claims
• Not make claims on smaller losses

Please note that your Morison Insurance broker will likely know more ways you can lower your rates.

How Do I Compare Burlington Home Insurance Quotes?

Although you have the option to compare Burlington home insurance quotes yourself, it is not recommended that you do this. This is partially due to the vast amount of time needed for you to shop around at different insurance companies. Another reason is insurance has plenty of very complicated terminology that someone without the proper training would struggle with. This makes the finer points of a homeowners insurance policy difficult to understand for most people, meaning that when they have to make an insurance claim, they will often have to fight an uphill battle in getting their financial compensation.

For these reasons, it is recommended that you work with a Burlington insurance broker, such as Morison Insurance, and have them compare Burlington home insurance quotes for you and find the best fit for your situation. A registered insurance broker is a professional who would be able to help you navigate the tricky waters of many legal situations as well as answer any insurance questions you may have. It is their job to both save you time in comparing quotes and finding the best one for you, find the home insurance coverage deal that's best for you, and help you get your financial compensation in the event of a claim.

Where Can I Get a Burlington Home Insurance Quote?

You can get a Burlington home insurance quote by contacting us at Morison Insurance. Morison Insurance is a family-owned business that treats its clients as an extension of that family. We have been assisting our clients with their insurance needs for over 100 years. Our friendly, knowledgeable brokers are ready to assist you with finding you the best insurance solutions.

If you would like to receive the benefits of being a part of Morison Insurance, you can get a quote on Burlington home insurance, as well as any other types of insurance you need, by calling us at 1-800-463-8074 or by filling out the form below.

This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.