Home Insurance Guelph 

Home Insurance Guelph Homeowners Can Count On 

Living in the city of Guelph gives you the best of both worlds in the GTA. In addition to having access to all the amenities of a major urban centre, you can also enjoy the plentiful trails and natural beauty of southern Ontario. If you want to enjoy all the benefits of living in Guelph, it’s important to protect your home with the right coverage for home insurance. 

Guelph is no stranger to bad weather events like heavy rainfall or the occasional snowstorm. At the same time, accidents happen no matter how careful and cautious you are. You could also be sued for allegedly causing injury or property damage, and if you don’t have the right home insurance in Guelph, you could be left to pay out of pocket for thousands of dollars in medical bills, legal costs, property damage expenses, and more. Why risk it when you could have the financial protection you need for the worst-case scenarios with comprehensive Guelph home insurance? 

You can rely on the expert team of licensed brokers at Morison Insurance for all your homeowners insurance needs. Our insurance professionals will ask the right questions to learn more about your circumstances, explore options for additional coverage, and source policies from reputable insurance companies. We’ll present a variety of policies and help you make an informed choice of how your Guelph home insurance policy should be written. We’ll be there every step of the process, from the initial consultation to renewal time, ensuring your home and property have the insurance coverage you need. 

What Is Guelph Home Insurance? 

Home insurance is designed to help protect you should an unexpected event happen. Guelph home insurance policies are designed to protect you if an insured peril damages your home or if you are found liable for causing damage or injury. 

For example, with the right home insurance in Guelph, you can expect insurance compensation if a fire destroys part or all of your home, allowing you to rebuild or move into a new one without the stress of a second mortgage. Or, should someone get hurt on your property and you’re found liable, your insurance policy would cover the cost of your legal defence and settlement expenses up to the coverage limits on your policy. 

Why Do I Need Home Insurance in Guelph? 

Homeowners are not required to get home insurance by law in Ontario. Guelph residents, however, still need the right property insurance coverage for various reasons. Not only is a home one of the biggest investments you’ll make in life, but many mortgage lenders require you to have proof of insurance before approving a mortgage. 

Guelph home insurance policies are designed to protect you from financial losses in the face of insured perils, thefts, or if you are liable for an insured incident. Without proper insurance protection, you would likely face crippling debt as you try to recover from the situation. Ultimately, with Guelph home insurance, you have peace of mind knowing you can get financial assistance should a cooking accident or weather event damage your home. 

What Is Covered Under Guelph Home Insurance? 

Guelph home insurance generally covers damage to the property or dwelling, provides contents coverage in case of damage or theft, legal costs should you have legal action brought against you, and any additional living expenses incurred if you’re temporarily unable to live at home due to it being damaged. 

Common types of coverage for Guelph home insurance policies include: 

• Dwelling coverage 
• Sudden or accidental water damage coverage 
• Fire damage protection 
• Theft protection 
• Contents insurance 
• Personal liability coverage 
• Bodily Injury liability coverage 
• Property damage liability coverage 

However, you can also get additional coverage for home insurance. Guelph brokers may recommend that you increase your level of protection with policy additions such as: 

• Sewer backup damage coverage 
• Overland water coverage 
• Guaranteed replacement coverage 
• Personal identity theft protection 
• Jewellery insurance 
• Garden insurance 
• Bylaw change protection 
• Outbuilding insurance 
• Wine cellar insurance 
• Fine art collections
• And more! 

Additionally, based on the type of building you live in, you can further tailor your insurance coverage for the risks associated with those types of home insurance in Guelph. Contact our insurance team to find out about condo insurance, duplex insurance, townhouse insurance, cottage insurance, and much more. 

What Types Of Coverage Are Available For Home Insurance in Guelph? 

There are generally three standard types of home insurance policies: 

• Basic Coverage or Named Perils Coverage: Provides insurance coverage for specific risks, or named perils, and common perils as outlined in the Guelph home insurance policy. As this insurance option has the least amount of coverage, it is generally not very popular. 
• Broad Coverage: This type of policy insures listed personal belongings against named perils and provides all perils protection for the dwelling and other detached structures.  
• Comprehensive Coverage: As the most common and thorough type of policy for home insurance, Guelph homes with this type of policy have all perils coverage for the home structure and belongings, with the exception of risks that are specifically excluded on your policy for home insurance. 

Guelph residents should be advised that generally, our insurance brokers recommend getting higher insurance coverage limits depending on your property value. This ensures that you have access to the financial compensation you need to rebuild should something happen to your home. If you are concerned about the amount of insurance coverage you have, speak to your Morison Insurance broker about what you need covered under your house insurance policy. 

What Isn’t Covered Under Guelph Home Insurance? 

Guelph homeowners insurance coverage can differ depending on the type of policy you get, so be sure to carefully read over your policy and discuss any coverage concerns you have with your insurance broker.  

Several things won’t be covered, no matter what, under your home insurance. Guelph homeowners, for example, who deliberately damage their home won’t receive compensation under their insurance policy. You won’t be covered should damage occur because you were committing an illegal activity. Damage caused by the natural wear and tear process also won’t be covered, nor will damage that occurs from poor home upkeep. 

Ultimately, it’s up to you to take care of your home as best as you can. However, in the event of damage, such as a house fire or a break-in, you will be protected under your home insurance in Guelph. Make sure to familiarize yourself with the details of your policy, and contact our professional Guelph home insurance brokers if you have any concerns. 

How Much Will My Guelph Home Insurance Cost? 

It’s hard for our insurance brokers to provide an accurate price estimate for home insurance. Guelph homes can differ greatly in size, space, and type, and there are numerous factors that go into determining your insurance premiums. Even two houses that are next to each other can have very different insurance premiums because of different factors insurance providers need to consider. 

Some of the factors insurance companies consider when determining the cost of your Guelph home insurance include: 

• Type of home 
• Age of home 
• Your home’s location 
• Property value 
• Local neighbourhood crime rates 
• Proximity to emergency services, such as fire stations and hydrants 
• Electrical and plumbing system 
• HVAC system, including air conditioner 
• Age and condition of the roof 
• Your personal insurance claims history 
• Historic insurance data in the area 
• Amount of coverage and deductible your policy has 
• Presence of potential risks on the property 

When calculating the cost of home insurance in Guelph, you may be eligible for home insurance discounts that can help make for more affordable insurance coverage. Loyalty discounts, bundling home and auto insurance coverage, claims-free insurance discounts, and mortgage-free discounts can help produce a more competitive rate for your home insurance. Guelph professionals at Morison Insurance are more than happy to help you find ways to save on the overall cost of your house insurance. 

How Do I Get A Guelph Home Insurance Quote?

Whether you’re a first-time home buyer, you’re new to the area, or you have lived there for years, with Morison Insurance, it’s a breeze to get the right coverage for home insurance in Guelph. You can count on our expert team of licensed brokers to provide you with the customized protection you need in the face of the unexpected. 

Contact us today by calling 1-800-463-8074 or by filling out the form on this page to get started on your home insurance in Guelph. We are happy to help!