Blog by Betsy Carstairs

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Home Insurance

My house insurance was up for renewal. The cost for me to renew with my past company of choice was almost $3,000. for the "full meal deal" It was up almost $200. from last year. When I phoned BCAA to see if they could "sharpen their pencil" they said that the quote was their best price so.I thought why not get quotes from other insurance companies which I did. Long & short was that I was told that no one else could beat BCAA. 
Reluctantly I cut BCAA a cheque now knowing that I was getting good value for my dollar
When thinking of home insurance this a good article to review. For me the $500. premium for earth quake insurance was the only way I could reduce my premium but after careful consideration I decided that to keep this option is money well spent considering that Vancouver is a high risk location 

Are You Adequately Insured?
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With so much news about hurricanes, wildfires, tornadoes and floods, we are becoming more and more aware of the unpredictable power of nature, and the indisputable importance of insurance.

Although we may forget about our home insurance policy for extended periods of time, we should examine it carefully at least once a year, in case we need to make an unexpected claim. It’s also a good idea to keep a photographic and/or videotape record of valuables (with copies saved off premises) to more accurately estimate the cost to replace important possessions, including:

  • Furnishings and equipment
  • Technical hardware, software and accessories
  • Possessions, including books, art, antiques
  • Documents and business materials
  • Personal mementos, hobby equipment, tools, etc.
  • Loss of time and/or revenue (for self-employed home office or small business)

Insurance should serve the purpose of providing good value while protecting material goods and looking after family needs. To prevent irreplaceable loss and enormous disappointment, investigate the details of your policy today, and make sure you fully understand the fine print.