Protecting your property… and your peace of mind.
Whether you own your home, a condominium, or are renting out an investment property, there is an insurance policy to fit your needs.
Homeowners Insurance
For most of us, buying a home is the biggest investment we will ever make. It may take weeks, months, even years to find just the right house, and yet most of us don’t take any time at all to evaluate our house insurance. Now that you have your dream home, it is important to protect it.
Many Homeowners Insurance Policies protect policyholders and their families from loss or damage caused from many different occurrences, such as:
- Fire, Smoke
- Lightening
- Windstorm, Hail
- Burglary or Theft
- Water Damage
….. and many more.
A typical Homeowners Insurance Packages will include coverage for things like:
- Dwelling building
- Outbuildings or dtached pivate sructures such as garages or sheds
- Personal property
- Additional living expenses should the home be damaged to the extent that you cannot live there
- Legal liability
- Voluntary medical payments and property damage
Contact Roughley Insurance Brokers Ltd. today to discuss the best Homeowners Package to suit your needs..
Condominium Unit Owners Insurance
Understanding insurance needs for a condominium can be somewhat confusing, and this is because Condominium Unit Owners are not typically responsible to secure coverage for the Building should there be a loss. In most cases, insurance coverage for the Condominium building is incorporated into your Property Maintenance fees that are paid to your Condominium Corporation or Property Manager. There are, however, other types of coverages that are necessary to have.
Condominium unit owners share in the responsibility of protecting the common elements. Common elements are areas that are shared by all unit owners, such as hallways, lobbies, pools, parking garages, elevators, etc. Loss Assessment coverage is included in many Condominium Insurance packages, and provides protection if you were to be assessed responsibility for a portion of a loss that may involve a common element.
In those cases where Condominium Unit Owners have chosen to renovate, or upgrade certain fixed portions of their Unit, such as flooring and cabinetry, these upgrades need to be insured. Coverage for Betterments and Improvements are included in most Condominium Insurance Packages.
Call us today to arrange the best Condominium Unit Owners Insurance Policy to suit your needs.
Seasonal/Secondary Dwelling Insurance (a.k.a. cottages or summer homes)
Insurance coverages and rates for Seasonal and Secondary Homes are slightly different than Principal Dwellings, for many reasons.
Occupancy is a heavily weighted factor in determining insurance rates on Homes. Typically, rates of insurance for Seasonal and/or Secondary homes are higher due to the fact that there are usually brief periods of unoccupancy. Homes that are sometimes unoccupied can be more susceptible to things like burglary or theft. In instances such as fire, there is a greater likelihood of severe damage given that there may be no one present to act quickly to put it out.
In most cases, your insurance company may require that you visit or have your secondary/seasonal dwelling inspected at least once every 30-60 days.
Whether it is a home that you already own or one that you are considering buying, call Roughley today to discuss the details of your Secondary or Seasonal home. We would love to offer you a complimentary no-obligation policy audit so that you can be sure that your investment is safe even when you are not around.
Rented Dwelling Insurance
Properties that are purchased and rented as an investment opportunity is becoming more and more popular. Renting your house to a stranger can be a big enough risk in itself, which is why it is very important to secure the proper insurance coverage, in order to protect your investment.
At Roughley Insurance, we offer Rented Dwelling Insurance packages at a reasonable cost. These packages include coverages such as:
- Dwelling Building
- Landlords Contents
- Outbuildings and Detached Private Structures
- Legal Liability – Voluntary medical payments & Property Damage
- Rental income
It is also highly recommended that you ensure that your tenant purchases Tenant Insurance while they rent your home, for several reasons. Firstly, many tenants are not aware that their belongings are not covered under a Rented Dwelling Insurance Policy that the Homeowner carries. Secondly, if your tenant causes damage to your property, they can be held legally liable for those damages. A tenant insurance policy can provide them with the liability protection should you, the homeowner, decide to take legal action for these damages.
Call us today to arrange coverage for your Rented Dwelling.