Home Insurance Oakville, ON

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Finding the Best Home Insurance in Oakville, ON

Zolo ranks Oakville as the 11th fastest housing market in the Greater Toronto area. Oakville is one of the most prominent suburbs of Toronto. Whether you live in Old Oakville, along the shore of the lake or in Kerr Village, close to downtown, you need to protect your investment with home insurance in Oakville, ON by finding the policy that fits your needs. You may not be required to have homeowners insurance, but it’s a good idea. Your bank or mortgage company may require you to carry a policy as part of your loan. Here’s what you should keep in mind when looking for home insurance in Oakville, ON.

What Are Your Risks?

Oakville is known for its Humid Continental Climate. The winters and summers won’t be extreme, but it can get cold. You may not have to worry about hurricanes or tornados, but there are some real threats to your home.

Flooding - even if you don’t worry about Lake Ontario flooding, flash flooding can damage your home.
Earthquakes - the earthquakes that have struck in the area have been moderate. Still, it could do considerable damage to your home.
Cold temperatures - you should be on guard for frozen water pipes when the temperatures dip.
Fire - fire can occur in any home at any time. If your home is made of wood, it can quickly spread. Smoke and water damage from the fire can be just as detrimental to your home.
Vandalism and theft - Oakville is one of the most expensive communities in the area. If your home is an easy target, you could experience the loss of your valuables.
Wind - the strong winds that come off the lake will damage your roof and home’s exterior.

Home Insurance Details

Does Home Insurance Cover Your Risks?

Home insurance policies are different, so it’s important to know what your policy specifically covers and what it doesn’t. Generally, it covers wind and hail damage, theft, broken windows, fire and lightning damage, and smoke damage. You may have to purchase an extra policy for earthquake and flood damage.

In addition, home insurance in Oakville, ON will typically cover your personal belongings, such as appliances, furniture and electronics. If you need to relocate after a fire or storm damage, many policies will provide additional living expenses. Your home insurance should also provide personal liability, in case someone gets hurt on your property.

Types of Home Insurance

Home insurance isn’t required by law, but most mortgage companies require you to have a policy. If you’re purchasing home insurance as part of your bank loan, check to make sure that you’re getting the appropriate coverage. You have these options:

Comprehensive - this type of insurance is the most extensive policy. Your home’s structure and contents are covered from most perils and losses, expect any exclusions on your policy. It’s also the most expensive insurance.
Basic or Named Perils - as the name implies, this policy covers your home and personal property for specific named perils.
Broad - this policy is a good middle ground between basic and comprehensive insurance. Your home is insured for physical damage and loss, except for any named exclusions. Personal property is only protected against named perils.
No Frills - basic coverage for your home, but it most likely won’t meet the underwriting standards.

Saving Money on Your Insurance

Everyone wants to save money wherever they can. We can help you find discounts and identify the most competitive home insurance in Oakville, ON. Here are some things that can help you save money on your home insurance:

Installing safety and security devices, such as smoke detectors and alarms
Having membership in certain organizations or being an alumnus of a certain university
Bundling insurance policies with the same insurer, home, auto, life etc.
Increasing your deductible
Senior citizens may get a discount
Not making an insurance claim

At HUB we believe in Advocacy, Tailored Solutions, & Peace of Mind. Get a personalized, affordable online home insurance quote now and speak to a broker about your options!

Comprehensive - this type of insurance is the most extensive policy. Your home’s structure and contents are covered from most perils and losses, expect any exclusions on your policy. It’s also the most expensive insurance.
Basic or Named Perils - as the name implies, this policy covers your home and personal property for specific named perils.
Broad - this policy is a good middle ground between basic and comprehensive insurance. Your home is insured for physical damage and loss, except for any named exclusions. Personal property is only protected against named perils.
No Frills - basic coverage for your home, but it most likely won’t meet the underwriting standards.

Installing safety and security devices, such as smoke detectors and alarms
Having membership in certain organizations or being an alumnus of a certain university
Bundling insurance policies with the same insurer, home, auto, life etc.
Increasing your deductible
Senior citizens may get a discount
Not making an insurance claim

At HUB we believe in Advocacy, Tailored Solutions, & Peace of Mind. Get a personalized, affordable online home insurance quote now and speak to a broker about your options!

Make Sure You Have Enough Coverage

Have peace of mind knowing you have comprehensive home insurance in Oakville, ON to protect your property and its contents. Contact Hub International for a quote to cover your home today.

Get a Quote