In today’s fast-paced world, where every penny and moment counts, managing your finances and responsibilities has never been more important. One of these responsibilities is ensuring that you have enough protection for your valuable assets— your home and vehicle are at the very top of this list.

However, did you know that you could be saving time and money while getting this necessary coverage? The secret lies in bundling your home and auto insurance.

Below, we’ll explore the reasons why you should consider this approach and how using a trusted provider, such as James Campbell Insurance, can help you obtain bundled home and auto insurance across Ontario.

1. Simplified insurance management

Having separate providers for your home and auto insurance can be confusing and complicated. This is because there are so many different policies, premiums, and points of contact to abide by.

By bundling your policies under James Campbell Insurance, you can streamline this process, thus dealing with a single broker.

This joining of insurance policies not only cuts down on the paperwork, but also simplifies how your insurance portfolio is managed. This makes it less of a headache to keep track of your coverage details and renewal dates.

2. Unmatched savings

One of the most immediate benefits of bundling your insurance policies is the potential savings on your premiums. When you choose to bundle, insurers often reward this loyalty with significant discounts.

It’s not uncommon for clients to save up to 20% on their premiums compared to purchasing policies separately from different insurers. At the end of the day, bundling is a straightforward strategy to keep more money in your pocket without having to compromise on coverage.

3. A single deductible advantage

If a single incident damages your home and car (for example, a severe thunderstorm), having bundled insurance could potentially mean you’re only responsible for a single deductible.

This unique advantage can result in substantial savings and less financial stress during an already challenging time.

Talk to your insurance provider about what your deductible will look like if you bundle services. Many times, they’ll offer competitive advantages that can save you time and money down the line.

4. Easier claims process

Combining your home and auto insurance under one provider not only simplifies policy management, but also streamlines the claims process.

With a single point of contact, clients find it easier to file claims and move through the process. This ensures faster resolution times and less hassle overall, which can help you get your finances and your stress levels back in check.

Nobody wants to spend a lot of time submitting numerous claims to different insurance outlets. Bundling, at its core, is the solution to this issue.

This personalized service means that your broker knows your full coverage background, which allows them to advocate for you more effectively. It also means that your claims are more likely to be submitted and processed quickly.

5. Avoid policy lapses

Keeping track of different renewal dates for multiple policies can be a hassle, and inadvertently, important coverages could lapse. This can leave you in a sticky situation if you’re not on top of each one of your deadlines.

Bundling eliminates this concern by consolidating your insurance policies into a single renewal date. This reduces the likelihood of missing your renewal date and lowers the risk of becoming unintentionally uninsured.

This forward-thinking approach ensures that you are continuously protecting your assets with minimal effort.

6. Establish a strong insurance relationship

Building a relationship with your insurance provider is incredibly important. When your home and auto policies are bundled, insurers can better understand your overall needs and offer tailored advice and support.

This deepened relationship can lead to more personalized service and the potential for more savings and benefits over time.

You want to choose an insurance provider that always works with your best interests in mind. This means exploring the best options for you, finding the ones that fit your personal and financial preferences, and keeping in continuous contact so that you’re never left wondering where in the process you are.

Why choose James Campbell Insurance?

At James Campbell Insurance, we’re committed to providing our clients in Ontario with comprehensive home and auto insurance solutions. We provide financial savings, but also peace of mind over the long term as you move throughout your day-to-day life.

Our dedicated team understands the unique challenges and requirements of our clients, and we offer personalized service and support to make sure your assets are protected.

Bundling your auto and home insurance in Ontario isn’t just a smart financial decision; it’s a step towards simplified, full coverage tailored to your life. Our experts are here to guide you through every step, so that you understand the benefits and have all your questions answered.

Are you ready to bundle and save?

Bundling your home and auto insurance offers several benefits, from saving money to simplifying how you manage your policies.

James Campbell Insurance stands ready to provide residents of Ontario with personalized, efficient insurance options. Give us a call at 1-833-459-1065 or contact us here to learn more about how combining your home and auto insurance can benefit you.

Our team is committed to crafting insurance solutions that fit your needs and protect your assets efficiently and affordably. Take advantage of these benefits today and protect your peace of mind for tomorrow.

In an age where our digital footprint expands with every click, like, and share, the rising threat of cyber-attacks continues to grow. Businesses and individuals often have to look over their shoulders to protect their digital lives.

Identity theft, online fraud, and data breaches are becoming increasingly commonplace. As a result, the need for personal cyber insurance has surged.

Primarily considered a safety net for businesses, especially under the banner of commercial cyber insurance in Ontario, the concept of personal cyber protection is now entering the spotlight.

Still, you might be wondering if investing in personal cyber insurance truly worth it. Let’s dive into the complex world of this emerging insurance niche to better understand its incomparable value.

The Growing Need for Personal Cyber Insurance

The Digital Age Risk

As our lives become increasingly integrated with the digital world, the risks that come with online activities continue to grow. From online shopping and social media engagement to managing financial transactions and sensitive data storage, our personal information is constantly under fire.

The sophistication of cybercriminals keeps evolving. And it’s this rise in cyber crimes that makes it crucial for individuals to consider layers of protection against these digital attacks.

The Limits of Traditional Insurance Policies

It’s rare for traditional insurance policies to offer any coverage for cyber-related losses.Even if they do, it’s often very limited.

For example, home insurance policies may cover the physical theft of digital devices, but don’t offer much in the way of more complex cyber security threats. This includes things such as data breaches, identity theft, and/or financial losses due to online scams.

Therefore, this lapse in coverage highlights the need for dedicated cyber insurance coverage.

Key Features of Personal Cyber Insurance

Personal cyber insurance policies are tailored to protect you from a variety of cyber threats. The most noteworthy coverages include the following:

• Identity theft protection: This covers expenses related to recovering a stolen identity, including legal fees and lost wages.
• Data breach response: Provides support in the aftermath of a personal data breach, covering costs related to notification, credit monitoring, and crisis management.
• Cyberbullying assistance: Offers legal and psychological support in cases of online harassment.
• Cyber fraud coverage: Compensates for financial losses due to online fraud or scams.
• Extortion defence: Supports cases where a hacker demands ransom in exchange for not releasing sensitive information.

Understanding the details of how a personal cyber insurance policy functions is an important aspect of appreciating its value.

Evaluating the Worth of Personal Cyber Insurance

By knowing the risks, assessing the benefits, and choosing a competent insurance partner, you can feel more secure moving into your decision. Evaluation of personal cyber insurance should include the following:

The Cost-Benefit Analysis

When determining the value of personal cyber insurance, a cost-benefit analysis is incredibly important. Consider the potential financial loss from a single cyber attack against the annual premium of the policy.

For many, the peace of mind that comes from having full digital protection far outweighs the cost of purchasing the plan.

Tailored Coverage

Personal cyber insurance policies offer the flexibility to select coverage based on your risk profile.

Whether you’re an online shopper, a remote worker handling sensitive data, or a social media influencer, policies can be customized to match your specific needs. This tailored coverage is what makes it worthwhile for many.

Beyond Financial Reimbursement

The value of personal cyber insurance doesn’t just lie in its ability to financially safeguard you. There is also an incredible amount of value through its non-monetary support services.

Access to professional crisis management, legal assistance, and psychological support in the aftermath of a cyberattack can be invaluable. This is another aspect of what makes the case for personal cyber insurance so compelling.

Commercial Cyber Insurance Coverage in Ontario: A Comparative Insight

While exploring the world of personal cyber insurance, it’s worthwhile to also look at commercial cyber insurance—particularly within Ontario.

Businesses, regardless of their size, have started implementing commercial cyber insurance to safeguard them against digital risks. It also helps to ensure that their operations, reputation, and finances remain stable.

The comprehensive coverage offered—ranging from data breach response to business interruption losses—is a must-have for corporations. This emphasis on cybersecurity in the commercial landscape highlights the need for individuals to protect themselves in the same way.

As commercial cyber insurance changes in Ontario, adapting to the evolving threats of the digital age, the blueprint for cyber insurance cannot be ignored. This is especially so for anyone that is looking to protect their personal and/or business digital dealings.

Is personal cyber insurance right for you?

Making an informed decision about personal cyber insurance involves weighing the potential risks against the coverage benefits. With that being said, what do you need to keep in mind?

Reflect on your digital habits, the quantity and sensitivity of your information being managed online, and the potential consequences of a cyber incident on your financial and emotional well-being.

With the potential fallout from cyberattacks growing, the worth of such coverage becomes increasingly clear. However, at the end of the day, it’s up to you whether to commit to the service and the protection it offers.

By understanding the risks, evaluating the benefits, and choosing a trusted insurance partner, you can secure not just your digital assets, but can also feel confident in navigating the digital realm.

Secure Your Digital Life With James Campbell Insurance

When it comes to navigating the complex landscape of personal cyber risks, partnering with a trusted and experienced insurance provider should always be step one.

At James Campbell Insurance, we are an established leader in personal and commercial cyber insurance solutions in Ontario. We stand ready to guide you through securing a policy tailored to your unique digital profile.

Empower yourself against cyber threats and keep your digital life safe. Take the proactive step towards comprehensive digital protection.

Reach out to James Campbell Insurance today to discuss your personal cyber insurance options and safeguard your online world. Let us help you achieve the peace of mind that you deserve. You can call us at 1-833-459-1065 or contact us online.

Travel insurance allows you to visit those places on your Wishlist with peace of mind that you have protection in a medical or travel emergency. While insurance can’t prevent mishaps, it can provide assurances in dealing with medical costs, leaving you to focus on enjoying your trip be it work, adventure, or play.

What is Travel Insurance?

As the name suggests, travel insurance covers your bills if you need medical care while travelling. Beyond medical bills, it can also safeguard you from monetary loss if you have to cancel your trip, lose your baggage, or miss your connecting flight.

Not all travel insurance is alike, not all travel insurance policies cover lost luggage or flight cancellations. Not all travel insurance will cover you for existing issues or pre-known events. Speaking with our professionals will help you comprehend what your insurance covers, allowing you to make an informed decision.

There are two main types of travel insurance: travel medical insurance and trip cancellation/interruption insurance. Some insurance providers offer comprehensive coverage that includes a combination of both.

At James Campbell Insurance we work with your specific needs and budget to ensure you are not left wondering what you have purchased and if you might be covered correctly.

Travel Medical Insurance

Travel medical insurance covers the cost of medical bills if you are injured or fall sick while traveling. It can also include coverage for transportation costs if you are taken to a hospital in a foreign land.

Trip Cancellation/Interruption Insurance

This type of insurance covers costs in case the trip has to be canceled or interrupted due to an unforeseen circumstance. Besides illness, this type of insurance covers trip cancellation or interruption due to bad weather.

Travel Insurance: How Does It Work?

You can purchase travel insurance in Ontario through a one-time lump sum payment. There are no recurring payments, only proof of loss to file your claim, no recurring payments.

After booking your travel tickets and accommodation, you should immediately look at getting travel insurance. It will help you cover the cost if you cancel your trip due to unforeseen circumstances. If not, you may bear the expenses if the booking is not fully or partially refundable.

Typical Coverage Under Standard Travel Insurance

The following are the elements covered under a travel insurance policy:

• Emergency medical treatment for injury or illness
• Emergency dental treatment
• Prescription medication
• Essential medical equipment
• Ground, air, or sea ambulance service
• Medical evacuation
• X-rays and other lab procedures
• Post-medical appointment follow-up
• Meals and accommodation expenses while waiting for medical care

Things to Consider When Getting Travel Insurance

You must understand some things before finalizing your insurance provider and policy.

1. Consider the destination, the length of the stay, and the activities you plan on doing. Go through the coverage and see if what you need is included. Some policies cover only medical expenses and not trip cancellations/ interruptions, so keep that in mind. There may also be time limitations to the coverage. So, make sure your policy covers the entirety of your trip.
2. If you are a frequent traveler, look into multi-trip or annual policies, as this will save you from paying for a travel insurance policy for each trip.
3. Only unforeseeable circumstances, like an accident or sudden sickness, are covered by travel insurance. Any avoidable circumstance before booking is foreseeable, which will not be covered. Additionally, your travel insurance policy doesn’t cover a change of heart. If there is no concrete reason why you had to cancel your trip, you will have to bear the monetary loss.
4. While a standard travel insurance policy covers loss from sudden sickness or accidents, changing plans due to pre-existing conditions is not. Check the policy details or chat with your broker for what a pre-existing condition is.
5. Travel insurance coverage in Ontario is calculated according to a certain percentage of your trip expense. It is usually between 4% and 10% of the costs, meaning the more expensive your trip is, the more you are covered.
6. Some other elements you should consider are whether the policy is renewable or whether there is a deductible. Do you pay bills paid upfront/out of pocket, and does your policy cover COVID-related expenses?

Travel Insurance: Final Thoughts

It is just as important to understand the terms and conditions of travel insurance as it is to purchase travel insurance. Traveling with the assurance that unforeseen medical costs will not come out of pocket allows you to explore your destination with peace of mind. Peace of mind is paramount when you are traveling.

For more information about travel insurance and its coverage in Ontario, call James Campbell Insurance at 1-833-459-1065 or contact us here.

Home insurance companies in Ontario offer some form of coverage against water damage. Yet, there can be some exceptions, and it is best to know what is covered and what is not when purchasing a home insurance policy. 

It is important to note that the cause of water damage determines if the insurance provider will cover the damage or if it is something you will have to pay for out of pocket. 

Water damage can occur due to many reasons. It could be due to a natural disaster, an unexpected breakdown of an appliance, or the negligence of the homeowner. Home insurance companies in Ontario will first determine the cause of the damage and then assess what needs fixing. 

A standard home insurance policy may not cover some water damage. Yet, in most cases, you can get additional coverage to protect against these situations. 

James Campbell Insurance provides coverage against damage caused by floods, hurricanes, and other major storm episodes. It means you will be protected if there is water damage from flooding, but ensure you discuss the coverage details with our professionals.

What Is Covered And What Is Not?

A standard home insurance policy covers “discharge and overflow” situations in Ontario. It means that an appliance or vessel in your home that was supposed to hold water floods the house and causes damage. 

It includes damage from a sudden burst pipe, washing machine or dishwasher. However, you may not have coverage if it is a continuous or ongoing issue, or a slow leak.

Overland Flood Coverage

Flood damage coverage is a more recent inclusion by home insurance companies in Ontario. Some form of flood damage coverage is included with add-ons to a standard policy, but there are some exclusions. Note that the homeowner should not be in a flood-prone zone. 

The typical coverage includes damage from overland water and damage from freshwater floods. These are from heavy rains, overflow from streams, lakes, rivers, melting snow, and other unexpected events. 

These situations can also lead to drains and gutters overflowing and letting water into the house through the foundation, basement doors, etc. 

Sewer Backup Coverage

Another form of water damage is caused by sewer backup. Sewer backup occurs when wastewater or sewage backs up in the drains and pipes, causing the waste to enter your home through the sinks and other drains. Not only that, it can also include septic tanks, downspouts and eavestroughs. 

This damage can be extensive. Therefore, consider adding additional coverage to any standard policy offered by home insurance companies in Ontario. 

On top of adding it to the home insurance coverage, you should also invest in a sewer backup detection device, backflow preventer or a sump pump, as these will help prevent significant damage to the home. 

A sump pump, typically installed in the basement, moves water from the basement to the outside of the home. It is a pit, housing the sump pump, with valves for sensing escalating water levels or pressure. It is not an expensive investment. Therefore, homeowners should consider installing one. 

Seepage Coverage

You may be lucky if you have never encountered seepage. It is a problem homeowners face. Seepage is the slow and continuous water infiltration from one place to another through porous material or small holes. 

The water seeps into the walls or ceilings and causes the paint to come off the surface. This results in stains in the affected area, air pockets between the surface of the wall and the paint chipping off in the area. 

It is a slow process, meaning if you pay attention, you can catch it early and address it before it reaches a stage where significant repairs are needed. 

Typically, home insurance companies in Ontario don’t cover damage from seepage. Due to the nature of the damage, seepage is ignorance by the homeowner and lack of regular maintenance. In this case, the insurance providers will not offer coverage for repairs to the damaged parts of the wall.

What Add-Ons To Get

Some home insurance policy add-ons include: 

Water Backup Coverage 

As mentioned earlier, a standard home insurance policy will only cover unexpected events such as damage from burst pipes. 

Adding water backup coverage will protect you against pipeline backups or sump pumps. It acts as an additional layer of coverage for protection against water damage. 

Equipment Breakdown Coverage

It is another essential add-on you should consider when negotiating with home insurance companies in Ontario. Also known as appliance coverage, it includes mechanical damage to appliances like televisions, AC systems, washing machines, dishwashers, dryers, refrigerators, home gym set-ups, in-floor heating, etc. 

What Are Important Water Damage Coverages For My Home: Final Thoughts

Understanding what the home insurance companies in Ontario offer as part of their policies is essential to protect against water-related damage. Even though a standard home insurance policy will not provide all-around protection against water damage, having add-ons ensures that damage from different unexpected events is covered.

For more information about water damage coverage, call James Campbell Insurance at 1-833-459-1065 or contact us here. 

While many homeowners never experience an unexpected disaster that damages their home, some are not that lucky. These unexpected events can include natural disasters, internal water damage, sewer issues, etc. Getting the right home insurance in Ontario is the best way to safeguard your property, but not all extreme weather conditions and unexpected disasters are covered under home insurance. 

As a homeowner, you should understand what a typical home insurance policy covers. Read on to learn everything you need to know.

What are unexpected events?

Unexpected events or perils are terms used for sudden accidents leading to damage to property. These can include minor internal or external damage to significant damage from natural disasters. While home insurance policies typically cover some form of minor damage and some natural disasters, there are some situations that standard home insurance in Ontario cannot cover. In such cases, you can get add-ons for enhanced coverage for your home. 

Home insurance policies typically offer coverage for the following unexpected events:

• Fire damage, including damage from wildfires
• Damage from ice or hail
• Wind-related extreme weather conditions such as tornadoes, storms, hurricanes
• Theft and vandalism
• Internal water damage such as leaks from appliances or burst pipes 

Home insurance in Ontario generally does not cover:

• Earthquakes
• Landslides 
• Floods
• Sewer backup

While these unexpected events and natural disasters are not covered, you can get specific add-ons to your home insurance in Ontario that will provide some form of coverage for these unexpected events.

At James Campbell Insurance, we offer Basic/Standard, Broad, and Comprehensive policies. We also provide certain add-ons, such as coverage for damage from earthquakes, floods, and other major types of storm episodes.

Earthquake Insurance Coverage

When it comes to coverage for damage from earthquakes, there are a few things that you need to know. Adding earthquake insurance will cover your home for damage caused by shaking of the earth. 

The extent of coverage depends on the legislation in your province. The cost for these add-ons depends on factors such as your residential location, the age of the home, the coverage limit, and the deductible. 

On the other hand, home insurance in Ontario does not cover damage from a tsunami or tidal waves caused by an earthquake. Also, if the value of your land declines because of an earthquake, the insurance policy will not cover it. 

Flood Insurance Coverage

Generally, flooding is not covered under a typical home insurance policy. However, some policies can add overland flood insurance, inland flood insurance, or enhanced water damage coverage. In some cases, if a falling object damages the house, letting flood water in, you may be covered. With add-ons, you can get coverage for some level of flood damage.

Unfortunately, home insurance policies do not cover damage caused by flooding from coastal waters, salt water, tsunamis, tidal waves, storm surges, rising water tables, or sewer backups.

Therefore, when getting flood damage coverage as part of your home insurance in Ontario, check with your insurance provider for details on the type of coverage. 

Sewer Backup Insurance Coverage

Sewer backup is another unexpected event not covered under standard home insurance policies but can be covered with an add-on. Extreme weather conditions can sometimes put extra stress on the sewage systems, which can cause a backup. 

It leads to internal water damage but with an extra level of problems. Sewage water and waste come with health risks, so they are not as easy to repair as mopping or using a bucket. Sewer backup insurance coverage includes cleaning the home, repairing damaged areas, and replacing and restoring damaged possessions. 

In some cases, insurance providers will ask to install a backwater valve as a preventive measure. 

Do you need home insurance for unexpected events?

Having home insurance is a must. Getting the basics covered allows you to rest easy and prevents a big hole in your pocket. However, you should also consider whether you need extra coverage when getting home insurance in Ontario. For this, you will need to assess your level of risk, which depends on various factors, most importantly, the location. 

Your house could be situated in an area that is prone to wildfires. Some regions across Canada are at higher risk of experiencing earthquakes and floods. Mountainous regions can experience landslides and other such natural disasters. These situations call for add-ons on top of the standard insurance coverage. 

Another factor to consider is the age of your home. Older homes may be at higher risk of getting damaged from disasters, and getting added coverage would be a good idea. 

Preventative Measures You Can Take 

As a homeowner, you can proactively take steps to prevent or lower the damage caused by unexpected events. As mentioned earlier, installing a sewer backwater valve is one of the preventive measures. It will prevent sewer waste from flowing into the house. 

Downspouts are pipes that move water from the gutter to the ground and should be disconnected from the sewer system. Installing a more robust garage door can reduce damage from winds and hurricanes. Hurricane straps on the roof and earthquake straps on the water heater are also excellent preventive measures. 

Home Insurance For Unexpected Events: Final Thoughts

You may be one of the lucky homeowners who never experienced an unexpected event, but you don’t want to be the homeowner who wasn’t prepared. Even if you live in an area with minimal risk of natural disasters, there are preventive measures that you should be taking to safeguard your home. 

However, the primary step is to understand home insurance in Ontario and all that is covered regarding extreme weather and unexpected disasters.

For more home insurance and coverage information, call James Campbell Insurance at 1-833-459-1065 or contact us here.

Home insurance is an asset to have. It allows homeowners to rest assured that in case of anything unexpected, they will be covered. If your home has a mortgage or a line of credit attached, home insurance is mandatory. If your home is paid off completely, it is still always a good idea to have home insurance.

However, there are some things to consider before purchasing home insurance coverage in Ontario, and you, as a homeowner, should know the factors that affect it.

In this article, we’ll examine some of the factors that have an impact on your home insurance premiums, including the location of your house, its age and condition, proximity to fire services, insurance history, your credit score, heating system, and more.

1. Location

The location of your home is an important factor when calculating home insurance coverage in Ontario. Insurance companies consider the area you live in and collect data on the surrounding homes.

This data can include; the nature and cost of past claims, the frequency of claims in that area, the type of other homes in the area. etc. With this information, the insurance company will decide what your home insurance rate will be. 

If the company believes that you live in an area that is prone to fires, flooding or in a high-crime neighbourhood, the home insurance cost may go up. If there haven’t been too many claims in that area, and if it is in a relatively safe location, the rates will normalize accordingly. 

2. Age and condition

Another factor that insurance companies consider is how old the house is and in what condition. Older homes tend to be more vulnerable to problems like worn-out or damaged pipes, electrical issues, damaged roofing, heating issues, and structural problems. 

In this case, the insurance cost will be higher as the building is more susceptible to damage from extreme weather conditions and other hazards. 

In case you need to file an insurance claim, note that insurance companies do not cover damage caused by negligence or improper maintenance. 

Therefore, as a homeowner, you need to make sure that the different systems of the house are up to the latest standards and that regular repairs are being carried out. 

3.Size

One of the more obvious factors is the size of the house you want to insure. If you have a multi-story home, it may cost more to repair, replace, or rebuild in cases of fire or water damage. The larger the square footage, the more it will cost to repair or replace.

The larger the home, the higher the cost of home insurance generally, so keep that in mind when looking at home insurance coverage in Ontario.

4.Proximity to fire services/hydrants

Those unaware would be surprised to know that insurance rates can vary depending on how far your home is from the nearest fire station or fire hydrant. This is because insurance companies take into account how quickly a fire hazard can be addressed for a particular house, which depends on how far a fire hydrant or station is.

So, if your home is located within eight kilometers away from a fire station, or within 300 meters away from a fire hydrant, your insurance rates could be lower than houses located further away. 

5.Insurance history

Your history of insurance and claims also affects the premium for your home insurance coverage in Ontario. If you’ve had a claim-free history for a certain period of time, you may be eligible for a discount on your home insurance. However, if you have previously filed a claim, your insurance rates can increase.

Keep in mind that insurance claims filed at a different residence will also be considered by the insurance company. Thus, if you’ve had a previous claim, but then decide to move into a new neighbourhood with relatively lower insurance rates, your individual rate could still be higher.

Still, the good news is that if you continue to stay claim-free for a certain number of years in the new residence, then you will be able to get your home insurance costs down.

6.Credit score

A good credit score shows dependability and credibility. Insurance companies look at your credit score to determine the level of risk. After all, they need to know that their customer will not default on payments, and the credit score is the way to assess that.

Credit score checks or history inquiries pulled for insurance purposes will not affect your credit rating. The better the credit score, often the lower the home insurance premium.

7.Heating systems

Having an oil or wood-based heating system in your home, which some houses do, affects your home insurance coverage in Ontario. Oil-based heating systems can be tricky and costly to repair in case of any leaks.

The leak can damage other parts of the house, as well as the system itself. Similarly, wood-based heating systems increase the risk of a fire hazard. As there is some risk associated with these heating systems, the cost of home insurance increases. There is normally a surcharge for having oil or wood-based heating systems. 

8.Owning a swimming pool or hot tub

Having a swimming pool or a hot tub not only adds to the value of the home but also adds to the cost of insurance (though not by much). Insurance companies take into account that a pool or a hot tub comes with an increased risk of injury or drowning. 

There could also be legal costs involved if someone else gets hurt on your property. Therefore, try to mitigate any chance of injury by installing the proper safety measures such as a fence. 

Home Insurance Coverage in Ontario: Final Thoughts

Since there are several factors that affect home insurance costs in Canada, it is always a good idea to stay informed and updated. Our professionals at James Campbell Insurance can help you understand home insurance rates that are particular to your home.

If you are looking to purchase a new house, there are certain things you can keep in mind (as mentioned above) to try and get the best home insurance rates. If you take proper care of your home and give it the regular maintenance it requires, you can be claim-free and then get a discount on your insurance rates.  

For more information about home insurance coverage in Ontario or to get a quote, call James Campbell Insurance at 1-833-459-1065 or contact us here.