How to get lower home insurance Aug 7th

Insurance policy getting you down? There are always sound insurance alternatives.
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Video: Is tenant insurance mandatory? + MORE Nov 28th

Tenant insurance is good to have. If you’re a renter, it covers the cost of replacing your personal items after theft or damage. But coverage doesn’t stop there—tenant insurance also protects you in situations where you may be liable, such as accidental property damage or a personal injury.... More »
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“I discovered water damage in my home. Will insurance cover me?” + MORE Jan 27th

Q: My washing machine has been leaking for years and we only just learned of the leak and the resulting damage because of staining on our basement ceiling below. Will my home insurance cover this? –Alison A: The end result of water damage is almost always the same—repairs to your floors,.... More »

How to find a lost life insurance policy Feb 12th

My stepfather left a will and a trust with my mom and brother as trustees. My stepfather raised me since I was five. Before he died, he told me he had a policy with my name on it, but my mom and brother won’t tell me. What could I do? Do I have rights?—Ladana The details of a will and lif.... More »
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Canada’s best travel credit cards 2022 + MORE Jan 7th

With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »

A guide to mortgage calculators Jan 23rd

Owning a home can be a powerful wealth-building tool, but it can also be expensive when you account for the mortgage payment, property taxes, insurance, utilities and maintenance. To get a clear picture of how a home purchase impacts your finances, you’ll need to determine what purchase price y.... More »
Lower home insurance prices are possible, if you’re willing to shop around and you know what factors can affect your premium. Here’s how to get good, cheap home insurance—but not too cheap—to protect what is likely your biggest asset. 
How much does home insurance cost?
The average Canadian household pays $960 per year for home insurance. Individual premiums are based on wide-ranging factors such as a home’s size, type, replacement value, location, age, construction quality, building materials, security features and proximity to a fire hydrant or fire station. Major home insurance companies and independent insurers also consider the value of a home’s contents and how the property is used (say, if you have tenants or operate a business on-site). They also look at aspects related to homeowners themselves, such as age and claims history. 
Your premium will also depend on your level of coverage. Below are the four policy options, from most to least coverage. Note that whichever type you get, valuables like jewellery, furniture, art and sports gear typically have coverage limits, so you may want additional insurance for these…

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