Your home insurance is a bit like a parachute: as long as everything is going well, you don’t think about it. But when things get complicated, it’s better to have it properly packed. Here are five common\u2014and often costly\u2014mistakes that we still see too often.<\/p>\n\n\n\n
Market value and replacement cost are not the same thing. Underestimating this amount can leave you with insufficient compensation after a loss. As a result, you could end up paying the difference out of your own pocket. A nasty surprise is guaranteed, and not the kind we like.<\/p>\n\n\n\n
New kitchen, renovated basement, addition, high-end flooring\u2026 If these improvements aren’t reported, they won’t be fully covered. In the event of a claim, the insurer will base its calculation on the old value. Translation: you paid for something nice, but you’re not adequately insured.<\/p>\n\n\n\n
Water damage is among the most frequent and costly types of damage. Sewer backup, foundation leaks, roof leaks\u2026 This protection is not always automatically included. Believing that \u201cwater is always covered\u201d is a classic mistake\u2026 and a trap.<\/p>\n\n\n\n
Valuables, jewelry, artwork, collections, specialized equipment: many items have coverage limits. Without specific coverage, compensation may be much lower than the actual value. In short, your ring may be worth $5,000, but only be insured for $2,000.<\/p>\n\n\n\n
Life changes: moving, working from home, renting out part of your home, adding a pool or wood stove. If your policy doesn’t reflect your current situation, you could find yourself underinsured\u2014or not covered at all. Insurance policies need to be reviewed, and not just when they’re automatically renewed.<\/p>\n\n\n\n
Home insurance is not a \u201cset it and forget it\u201d product. Good coverage is based on up-to-date information, appropriate protections, and a true understanding of what you have\u2014and what you don’t have.<\/p>\n\n\n\n
A simple tip: it’s better to ask our brokers too many questions than not enough. It costs a lot less than a poorly covered claim. 1-800-360-6880<\/p>\n\n\n\n
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Your home insurance is a bit like a parachute: as long as everything is going well, you don’t think about it. But when things get complicated, it’s better to have it properly packed. Here are five common\u2014and often costly\u2014mistakes that we still see too often. 1. Underinsuring the value of your home Market value and […]<\/p>\n","protected":false},"author":18,"featured_media":20446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[381,19],"tags":[330,357,329,365],"class_list":["post-20447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-assurance-habitation-en","category-home-insurance","tag-advice-en","tag-assurance-dommage-en","tag-home-insurance-en","tag-responsabilite-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/posts\/20447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/comments?post=20447"}],"version-history":[{"count":2,"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/posts\/20447\/revisions"}],"predecessor-version":[{"id":20449,"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/posts\/20447\/revisions\/20449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/media\/20446"}],"wp:attachment":[{"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/media?parent=20447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/categories?post=20447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.groupevezina.com\/en\/wp-json\/wp\/v2\/tags?post=20447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}