Home Insurance Oakville
Oakville is home to the most expensive house in all of Canada! Known as the “Crown Jewel”, it’s price tag was a staggering $59 Million!
Home Insurance in Oakville, Ontario
Oakville has a wonderful reputation in Ontario. If you ask any resident on the west side of Toronto, they will agree that Oakville is home to some gorgeous mansions. But the city is expanding very quickly. If you take a tour around Dundas and Trafalgar, you will see many new subdivisions rising which include entry level town homes and condos. Even the “entry level” properties in Oakville don’t come cheap.
If you currently own a home or are looking to purchase a property in Oakville, you will likely need home insurance. If you getting a mortgage, the finance company will require homeowners insurance as a part of the contract. If you have no mortgage, you can choose not to insure your home.
Finding The Best Home Insurance
Assuming you do not want to take the risk of not insuring your house, your next step would be to select the coverages you would like. It is important to note that Sewer-backup and Overland Water (flood coverage) are optional and may not be included in many insurance companies basic plans. Depending on where you live in Oakville, some home insurance companies may not offer any water coverage if you live in a “high risk flood zone”.
Getting a Good Home Insurance Price
The home insurance company will want to know certain details such as the size of the house, the finishings (custom or basic), number of bedrooms and washrooms, weather the basement is finished etc. It is very important that you provide as accurate information as possible so that your home is adequately covered.