Considering all of the options and keeping your policy up-to-date
We offer coverage options for your primary residence, as well as, for your escape from life’s every day hustle and bustle – your cottage or seasonal homes.

There are many, many options and factors to consider when establishing your home insurance policy.  In addition, your needs change over time and that’s why it's so important to have a personally assigned Insurance Advisor who will ensure that your home insurance policy is kept up to date with new enhancements and coverages as your requirements change.

Some of the important things to consider when assessing a home insurance policy include:

• Cash settlement options
• Special limits of insurance
• Itemized protection for high value items (e.g. jewelry, fine art, collectibles, etc.)
• Mortgage rate protection
• Coverage for breakage of fine valuables
• Coverage for property while in transit
• Coverage for detached structures
• Landscape coverage

How are my rates calculated?
Insurance providers set rates based on how likely it is that you will have to make a claim and how much the claim will be for. There are many factors involved in these calculations:

• Replacement value of your home: Cost to repair, replace, or rebuild your home with like design, quality, materials and workmanship.
  
  
• Type of insurance purchased: The quality of protection, the dollar amount insured and the policy deductible.
  
  
• Location: Some neighborhoods are more susceptible to particular losses, for instance, theft, vandalism, sewer backup, exposure to fire in congested areas, etc. Location also determines available fire protection, such as hydrants, volunteer brigade, or no fire protection at all.
  
  
• Age of home and maintenance factor: Newer homes tend to have fewer claims. Individuals with homes over 25 years of age need to advise of major updates made to roof, plumbing, electrical wiring, heating and air conditioning systems.
  
  
• Type of home: Single detached, semi-detached, multi-family, row housing, low-rise or high-rise apartment buildings all have different levels of risk.
  
  
• Type of heating: Natural gas forced air or hot water, oil forced air or hot water, electric forced air or radiant heating, wood burning stoves and fireplaces all present different levels of risk to the home.
  
  
• Waiver of depreciation: if this clause is included in your policy, you will receive the undepreciated value of your new vehicle when you are reimbursed for an insured loss. This coverage is especially valuable if you drive a new car, high value or classic car.
  
  
• Family protection endorsement: provides additional compensation to cover your loss if you are involved in an accident where the other driver has minimal liability limits.

Your Stevenson & Hunt Advisor can help you understand how your rate is calculated, ensure that ALL eligible discounts are applied and make suggestions for how you can lower your home insurance premiums.