Home Insurance Protection
Caldwell Roach Insurance provides Nova Scotians with comprehensive home insurance solutions. Your home is your sanctuary, and everything in it is worth protecting against the unexpected. Knowing you’re well protected is not just a necessity, it’s a priority. Whether you own a coastal retreat or an urban residence, our insurance solutions are designed to cater to your needs as a homeowner.
Coverage Matched to your Needs
Whether you want to protect your possessions against the rugged maritime weather, secure your property from unforeseen incidents, or simply seek a safety net for your family’s haven, a home insurance policy provides the necessary protection. With a keen understanding of the local landscape and a commitment to personal attention, our brokers help to secure your home and prepare you in the event of a covered claim. Cherish the joys of Nova Scotian living without worry.
What Factors Impact your Home Insurance Rate?
There are many factors that can affect your home insurance rate, including where your home is located, your home type, whether there is an existing security system installed, your credit rating, your claims history and much more. The city you decide to buy a home in will influence your premium, as well as the neighbourhood you choose. Insurance rates can range widely from city to city, based on crime rates and other factors, including proximity to a fire station and fire hydrant. As you can see, it’s difficult to predict your insurance rate for a home. However, the average home insurance rate in Nova Scotia is $ 1374.59 per year.
While home insurance is not mandatory, it’s recommended for homeowners who want protection against many risks. Always check with an insurance broker or an insurer to get the details of a home insurance policy and your premium options.
Home Insurance Endorsements
- Increased Limits for Valuables: A standard home insurance policy typically has set limits for certain valuable items such as, jewellery, art, or collectibles. Add-ons can increase these limits to protect against loss, theft, or damage.
- Water Damage Protection: Speak to a broker about add-ons, including sewer backup, overland water, and ground water coverage.
- Identity Theft Coverage: This coverage typically assists with the costs associated with recovering your identity, including legal fees and lost wages due to time off from work.
Why Choose Caldwell?
Basic Home Insurance Coverage
Nova Scotia Insurance FAQs
Home insurance rates are impacted by many factors, including the value of your home, its location, construction materials, the age of your house, your claims history, the amount of coverage you choose, and more. Ask one of our insurance brokers for assistance.
Yes, you can reduce your premium by doing several things, such as installing a security system, updating utilities (like plumbing and electrical systems), opting for a higher deductible, bundling your home and auto insurance, or by qualifying for discounts like being a non-smoker or having a claim-free history.
In the event of a loss, you should contact your insurance provider immediately to report the incident. Document the damage with photos or videos, keep records of any repairs made, and maintain a list of any items lost or damaged. Your insurance company will guide you through the claims process and work with you to assess the damage and arrange for compensation based on your policy.
Actual Cash Value will reimburse you for the value of the damaged item or property and deduct an amount for depreciation. Replacement Cost reimburses you for the whole value of the item without deducting for depreciation, so you can repair or replace it. Guaranteed replacement cost offers the most comprehensive coverage. It pays whatever it costs to rebuild your home as it was before the damage, even if this amount exceeds your policy’s limit. It’s essential to review and understand the difference coverage options when selecting your policy to pick the level of protection that aligns with your needs.
Yes, flood insurance is available in Nova Scotia, often as an add-on, endorsement, or separate coverage, known as Overland Water Protection. This coverage is designed to protect your home from damage caused by freshwater flooding, such as overflowing rivers or heavy rainfall. It’s easy to ask one of our insurance brokers about this coverage related to your specific needs and risks.