What is Home Insurance?
Home insurance is protection a homeowner purchases from an insurance company that covers personal property and legal responsibility (liability) for property damage or bodily injury to others caused unintentionally.
Home insurance covers several perils such as fire or theft, however, there are exclusions to perils that are covered and policy limitations.
The usual home insurance policy covers personal belongings, coverage for the home and out-buildings such as garages or sheds, liability. The cost of additional living expenses that may be incurred if you are unable to live in your home following an insured loss are also typically covered.
It is important to point out that beyond the general information outlined above there are numerous details to be aware of and to consider to be sure you are properly insured. Details are important and that is why it is important to speak with an insurance broker who can explain insurance coverage options, limitations, exclusions, additional coverages that are available for purchase for high-value items such as jewellery or art, and additional information and options.
When you are looking for home insurance in Hamilton our Morison Insurance Brokers will answer any insurance questions you have. We want to make sure you are properly protected.
Home insurance can be quickly arranged through one of our professional Hamilton insurance brokers. To begin the process our brokers will ask you for details on your home. We will get insurance companies competing for your business by providing you with several competitive prices, and we will access as many discounts as we can to save you money.
Do I need Home Insurance in Hamilton?
Ontario law doesn’t require homeowners to purchase home insurance, however, your home is likely among your most valuable assets so home insurance is a worthwhile protection to have. Our Morison Insurance Brokers strongly advise that you get home insurance in Hamilton.
Here is an example of how important it can be to have home insurance in Hamilton: If you have a fire at your home, without insurance you will have to pay 100 per cent of the repair costs. When you purchase home insurance, the insurance company agrees to compensate you in case of specified unforeseen circumstances, such as fire. It’s easy to see that the amount spent on an insurance policy is reasonable when compared to potentially financially ruinous costs of paying personally for a substantial loss.
Where Can I Buy Home Insurance in Hamilton?
You can buy home insurance in Hamilton at Morison Insurance. We are your Hamilton home insurance experts with more than 70 brokers who are homeowners just like you.
For homeowners insurance in Hamilton contact us online or by phone. If you prefer to visit us personally, we would enjoy meeting you and will get your insurance quotes rolling. Our Hamilton office is located at 1725 Upper James Street.
Why Should I Use A Broker for Home Insurance?
Always use an insurance broker when looking for home insurance. An insurance broker is an accredited and trained professional who is licensed to sell home insurance – and other types of insurance – to the public.
Insurance brokers don’t work for an insurance company. They are independent and they are dedicated to getting the best price and insurance coverages for their customers. Here are more advantages of using an insurance broker.
At Morison Insurance we shop at dozens of insurance companies to get the most competitive quote for your home insurance. We always look for discounts that can save you money. These are several of the reasons why you should use a broker for home insurance in Hamilton.
To get you the best insurance quote we will ask you a few questions about your home – such as where is it, when it was built, do you operate a business from your home and if your basement is finished. While getting information about your home we will also look for features that will help to save you money – lower your annual insurance price (premium). Several money-saving options are discussed lower down in this article.
What are the types of home insurance in Hamilton?
Whether you own a home or a condo, or you are a tenant in a rental unit, there is home insurance for you. Home insurance is a type of property insurance which also provides personal liability insurance which covers property damage or bodily injures not intentionally caused to others.
If you own a condo, the condominium insurance protects your unit only – your contents and items such as appliances. It also provides for personal liability coverage. It does not cover the condo building or common areas in the building.
If you rent your home, you can purchase tenant insurance which protects your personal belongings and provides liability coverage.
It is important to have home insurance in Hamilton. No one likes to think that ‘bad’ things will happen, but, unfortunately, they sometimes do. If you own a home or a condo, homeowners insurance is absolutely worth having.
As a purchaser of Hamilton home insurance, you should know there are different types of insurance policies available that provide different levels of coverage. There are comprehensive, basic and named perils, broad and no frills policy types. Our Morison Insurance brokers will explain the different home insurance types, the coverages, exclusions and policy limitations as well as how you can report a claim quickly should one occur.
How much does home insurance in Hamilton cost?
The cost of home insurance in Hamilton varies depending on various factors such as where you home is located, how old it is, what size it is, if it is well maintained and other variables. For example, if your home is in a more rural area of Hamilton and you are not close to a fire hydrant or a fire station, this will increase your insurance premium.
Some of the other factors that come in to play when determining the price of your home insurance in Hamilton are:
- The replacement cost of your home
- The age of your roof
- If your basement is finished
- If you have a sump pump or back flow valve
- Type of heating in your home
- The type of electrical service in your home
- What kind of plumbing you have in your home
- Whether you operate a business in your home
- Do you rent a portion of your home
- Your claims history
As you can see, numerous variables impact the price of home insurance in Hamilton. At Morison Insurance, we know Hamilton home insurance. Our brokers live across the Hamilton region and we are insurance experts. Our team focuses on providing you with the best options when you are looking for home insurance in Hamilton.
Are there discounts for home insurance?
There are discounts for home insurance in Hamilton. Our brokers will help you get all discounts you qualify for. In many cases customers receive several discounts. Savings can be significant.
Our goal is clear: We want to save you as much as we can on your home insurance.
Here is a list of some of our most popular money-saving opportunities:
- Having a monitored burglar alarm
- Having a monitored fire alarm
- Making improvements to your home such as upgrading the wiring or plumbing, installing new roof
- Being mortgage free
- Being claims free
- Having water mitigation such as a sump pump or back flow valve
- Having several types of insurance with the same company such as having your home and auto insurance with the same insurance company. It’s often referred to as ‘’bundling”.
- Being a non-smoker
- Retiree discount
- Loyalty discount
For a longer list of discounts check out our discounts page or to further discuss discounts, please call our office. We are always happy to talk about saving you money on home insurance in Hamilton. Many of our customers are saving hundreds of dollars or more on their home insurance. Let us help you save too!
How do I choose home insurance in Hamilton?
The first step is to contact an award-winning insurance broker in Hamilton – that’s us at Morison Insurance – to get the process started.
We make getting insurance easy. We know insurance can be complicated and will take the time to answer any questions you may have. We can quickly get you several insurance quotes for your home from insurance companies across Canada.
When purchasing home insurance in Hamilton, we believe it’s best to go with a broker who knows the Hamilton and area community. When you tell us where you live, we know the area. You are not talking to someone in some other area of the country. You are talking with brokers who live in our Hamilton community and are award-winning insurance professionals.
Another reason to use a local insurance broker is that we are close by when you need us. If you need to change your insurance, report a claim or want to discuss anything about your insurance, we are here in Hamilton to serve you. At Morison Insurance each customer has a dedicated insurance broker who looks after their insurance needs. Our office on Upper James Street is easy to get to and has lots of free parking. Come to see us. And if you can’t get to our Hamilton office, give us a phone call. We are here to serve you.
We also have offices in Oakville, St. Catharines, Haldimand (Hagersville), Simcoe, Waterford and Port Dover. If you are out of the Hamilton area and it’s more convenient to visit or call one of these offices, you will receive the same excellent insurance service at every location.
For details on our office locations and contact information, check out our contact us page.
When should I shop for home insurance?
Some people like to shop for home insurance in Hamilton several weeks before their insurance renews or their new home’s closing date. Other people want insurance quickly.
No matter your preference, we will look after you. At Morison Insurance, your timeline is our timeline.
If you want to take your time, discuss quotes, details and options, Morison Insurance is at your service. If, on the other hand, you are looking for insurance quickly, we happily provide this too. We will provide you with excellent insurance and customer service the way you want it.
In summary, the best time to shop for insurance is before your insurance policy renewal date or before your new home’s closing date. Beyond that the choice of timing is yours.
How is home insurance in Hamilton calculated?
Home insurance in Hamilton is calculated on a number of variables such as the replacement cost of your home, location of your home and updates to your home such as a new roof or new wiring.
A longer list of variables that can impact your insurance rate is included higher up in this article. In addition to applying saving discounts, there are other ways to lower your insurance costs.
Tip #1: Increase your deductible
The deductible is the amount of money when you file a claim that you will have to pay personally before the insurance company covers the remainder of the costs of a claim. You can choose the amount of your deductible when you purchase your insurance. A higher deductible can lower your insurance premium because it indicates that you are willing to take on a larger part of the risk and it will lower your insurance premium.
Tip #2: Keep your claims number low
A good claims history – having none nil or few claims – can also help to lower your insurance premium. It’s the number of claims that is most important. Sometimes it’s better to not make a claim on a relatively small loss because fewer claims can, in the long run, save you money with lower premiums.
Tip #3: Get your home and auto insurance from the same company
By buying your home and auto insurance from the same company, you can receive substantial savings. This is called a multi-policy discount and it is a good option to help lower your insurance bill.
Why is home insurance in Hamilton so expensive?
Home insurance in Hamilton is not really any higher than in many other communities in Ontario. The variables that are applied to determine the costs of home insurance in Hamilton are similar to those in other communities.
Luckily the Hamilton area has not suffered devastating floods or wildfires that many communities in Canada have endured and which negatively impact insurance premiums.
The important thing to be sure you are getting a good price for homeowners insurance is to shop at several insurance providers for a variety of coverages and prices. With one call, we will do this insurance shopping for you.
Where can I find reviews of Hamilton home insurance?
There are several places to find reviews on brokers that provide home insurance in Hamilton. Be sure to check out Google, Facebook and Yellow Pages. If you are considering Morison Insurance for your Hamilton home insurance needs you can check out our reviews on Google, Facebook and Yellow Pages.
Below is an excerpt from an online review from a customer. It demonstrates how very committed we are to looking after customers and your insurance needs.
“I submitted a quote request online, and in less than 5 minutes I got a call from Katie. She got all my information and sent me a quote. Initially the quote she gave was higher than the others that I got, but I was still considering moving my business to Katie. Life got busy and I hadn’t been able to make a decision, and after a few days Katie followed up to see if I had any questions about the quote she provided. When I told her that I did have some questions about why her quote would be higher than the others I got, she walked me through some of the possible difference and things that the other brokers missed – but then she took another look at the quotes and ended up finding me an insurance provider with the best rates out of any.
Katie was always quick to respond, happy to answer all of my questions, and explain the complexities of insurance. She helped me get all my insurance in place in just a matter of days. I would recommend Katie to anyone who needs an insurance broker.”
AND HERE’S the good news, our entire team of brokers is as knowledgeable and dedicated as Katie. We are focused on our customers, getting you the best insurance products and ‘Wow’-ing you with exceptional service.
Where to compare home insurance in Hamilton?
Compare home insurance rates in Hamilton by contacting Morison Insurance where we will contact dozens of insurance companies to compare prices and coverages available to you. It is important to contact an insurance broker that can shop your insurance at several different companies because the prices and coverages do vary.
How do I get a quote for home insurance in Hamilton?
Getting a quote for home insurance in Hamilton is as easy as 1, 2. 3.
- Contact Morison Insurance online, by phone or visit one of our offices.
- Our brokers get working on your insurance quotes.
- You decide which quote you want and together we get you insured.
If you are looking for home insurance in Hamilton, choose the award-winning Hamilton insurance team at Morison Insurance.
This blog is provided for information only and is not a substitute for professional advice. Please call our Morison Insurance brokers at 1-289-768-7781 for more information.