Additional Questions and Answers on Home Insurance from Johnson Inc.
1. What types of property policies are available?
Though there is a large variety of policies, the most common are policies for;
Homeowners, Rental Dwellings, Tenants, Seasonal Residences, Secondary Residences and Condominium Owners.
Some of the above are available in two or three different formats such as Basic, Broad and Comprehensive, each providing a different level of protection.
2. Do I have to inform my insurer about major changes or improvements to my home?
You should inform your insurer of any changes that may impact the value if the building, Improvements valued over $5,000 or any significant changes to the structure, electrical, plumbing or heating. For insurance to work well for you, full disclosure of risk is required.
3. Do I need separate insurance for my cottage?
Cottages may be insured separately or on the same policy as your home insurance. Burglary can be covered but not theft - meaning that in order for a claim to be considered, there must be signs of forcible entry and/or exit. Insurance to cover vandalism and malicious acts is not automatically included, but can often be purchased separately. If your cottage is really a "second home" and has many of the features of a primary dwelling, you may be able to obtain better insurance coverage with a Secondary Residence Policy.
4. How do I make a claim?
Inform your Licensed Insurance Representative and the police if there is damage due to vandalism, burglary, or theft. You will be required to supply information about the circumstances of the claim and reasonable evidence to justify the amount. A claims adjuster may then be appointed - at no cost to you - to look after the details. You should take reasonable steps to protect against additional damage. For example, if a pipe has burst, shut off the water supply. Don't dispose of damaged goods without first getting your insurer's approval. In some instances, your insurer may arrange for temporary repairs such as covering a damaged roof or boarding over a broken window.
Consult your Licensed Insurance Representative for further information.