When purchasing home insurance in the GTA, Ontario, there are lots of good choices available, and as prices tend to continually increase over time, you will occasionally find yourself shopping for new coverage from time to time. More info online
In the GTA there are several good insurance agencies who will be more than glad to give you quotes with the companies that they offer. It is always a good idea to work with a broker, as they can get quotes from several companies with whom you can compare rates.
Sometimes it is good to compare with some of the captive companies as well, meaning the companies who hire agents who sell only that one company and no one else. These would be the insurance companies that advertise more on television, radio and the newspapers.
You don’t need to make a major project out of the search, as you can pretty well find out the landscape of the rates in your area fairly quickly. Ask the agent if there are is other coverage in addition to what you already currently have that would be smart to add on.
Usual coverage for your home will normally cover fire, windstorm, tree damage, and so on, but there may be other perils that need to be considered.
If you haven’t already, you might also ask your agent where you stand on liability insurance, just in case someone trips on your doorstep and decides to sue you. This is called an umbrella liability policy, and they are relatively inexpensive, and you can get several million of coverage for a modest price.
Insurance is something that you hope that you will never have to use, but if you need it, you certainly want it to be there for sure.
If you have special risks, you should find out if they can be covered and at what price. For example if you run a business out of your home, find out if that will require any special type of coverage. The amount and price will depend on the type of business you have, but you should always keep your coverage up to date in this area, and your personal coverage as well.
You should also find out if you live in a flood-prone area, and if you do, what you can do about that. Many insurance companies will not cover floods, as municipalities, states and national institutions usually pick up coverage in that area.