Solar power is one way that homeowners can have more control over their energy future while reducing carbon emissions, and improving air quality. Solar Photovoltaic (PV) systems can help reduce your energy bills on average $1,750 per year, but they can also have an impact on your insurance so make sure you understand the implications on your policy.
Considering Solar Power for your Home, consider this
Topics: Home Insurance
A leaky tap, broken pipe or faulty appliance happens to everyone, but do you know whom to call or what to do when it happens?
Topics: Home Insurance
Secondary Property Coverage: What you need to know
Insurance is a must for every homeowner to have. Did you know you should also have proper protection for your secondary properties as well? Secondary properties are homes you do not occupy on a full-time basis such as a cottage or a vacation property. Not sure what you need to know about insuring your secondary properties? We’re going to give you some details you should have in hand to make sure you have the proper coverage to keep this type of property safe!
Topics: Home Insurance
What to keep in mind when planning your next home renovation
Thinking about rolling up your sleeves to make improvements to your home? Whether the job is minor or an overhaul, as a homeowner, you have to think about who, how, and the expense of the project. Another key element some homeowners forget is how this change will impact your home insurance. Below are some important things to keep in mind while planning your next home renovation.
Topics: Home Insurance
The slowing trend in the increase of Canadian commercial premium renewal rates
Topics: Commercial Insurance, Home Insurance
Hard markets, COVID-19, and why certain commercial sub-segments are being affected?
Topics: Home Insurance, About OTC Insurance
Is there a connection between increased suspicious claims and COVID?
Since the COVID pandemic has arrived, RSA, a Canadian general insurer, has found an increase in the number of suspicious claims being flagged for possible fraud investigation compared to those during pre-pandemic times.
Topics: Commercial Insurance, Cyber Insurance, Home Insurance
How Will Solar Panels Impact my Home Insurance?
Solar panels are a great way to invest in your own property and reduce your energy bills as well as your overall environmental impact. As a homeowner, you may have to consider several factors when deciding whether or not to install solar panels on your property. Installation costs, energy savings and other factors are common considerations when it comes to making the decision to switch to solar energy to power your home. One factor you may not yet have considered is the impact your new solar panel system will have on your home insurance. To help you make an informed decision you should contact your broker before installation.
Topics: Home Insurance
Tips to help customers prevent water-based losses
The Insurance Bureau of Canada found that water damage is a leading cause of catastrophic losses. These losses added up to close to $2 billion every year. One way insurers can help their customers avoid water-based losses is by taking the correct preventative measures around their property.
Topics: Home Insurance
A house fire of any size is devastating, which is why taking an active approach in preventing fires is so important. This spring, take some time to review this fire prevention list to make sure you're on the right track to preventing fires:
Topics: Home Insurance