Secure Your Future in a Thriving Community
Beaumont isn’t the largest city in the Edmonton area, but it is one of the fastest growing. In fact, this little community is the fifth fastest-growing in all of Canada. Living here blends convenience and affordability, with property values rising for those who’ve made Beaumont their home. You can secure your future here with Beaumont home insurance.
Why You Need Beaumont Home Insurance
Your home, no matter what size, will increase in value as the Beaumont community experiences rapid expansion. While this is great as an investment, it also means you have more to lose if your home is damaged or destroyed by weather incidents, fire or other perils. For the 87% of residents who own their own homes, threats of loss are real when you consider the unexpected.
Alberta has a history of tornadoes, generally averaging more than 15 a year. Winter storms can also create devastating losses, as high winds, ice storms, blizzards and blowing snow can threaten property with downed trees, falling limbs and roof damage. With the average home price around $465,198, you can’t afford to let your home take these hits without some financial protection.
What Beaumont Home Insurance Offers You
Home insurance is a financial safety net that gives you peace of mind over the unexpected. If a winter storm damages your roof, you could face repair costs between $4,000 to $9,000, depending on the size of the roof and the extent of the damage.
Rather than paying these expenses and others out of pocket, an insurance policy provides financial assistance for the cost of a yearly premium. You can find out what your insurance would cost with the online quote tool offered by HUB.
Which Home Insurance Options Are Right for You
There are usually standard coverages offered with basic home insurance. These include:
- The physical structure of the home
- Your personal belongings within the home
- Additional living expenses
- Liability protection
You can also add additional coverage if you face risks standard insurance doesn’t address. Things like flood insurance or extended coverage for expensive items like jewelry are possible add-ons to Beaumont home insurance.
Structural Coverage
If your home were to be damaged by a covered peril, the policy will help pay for either repair or rebuild the structure. Your policy will outline covered perils, but these typically include hail, hurricane, fire, lightning and water damage that isn’t flood-related. Some policies will cover detached structures like tool sheds, fences or garages.
Personal Belongings
Home insurance will also help pay to replace or repair your belongings that get damaged in a covered peril. It could help with furniture, electronics, sports equipment, clothing and more. The limits on the coverage need to be carefully chosen to ensure you have enough to cover your losses.
Liability Protection
If people are injured on your property, you could be held liable for the medical expenses. If they file a lawsuit against you, there are legal fees to handle. Liability protection will help with both the costs of medical treatments as well as your defence if you go to court. The policy will also help with a court settlement, though it is subject to the limits of the policy.
Additional Living Expenses
Many policies provide funds to help with the cost of living away from home if you need to temporarily relocate due to damages from a covered peril. There are policies and restrictions to consider, but the policy helps with meals, hotel bills and other costs above your usual living expenses.