How To Choose the Chestermere Home Insurance That's Right for You
Located near Chestermere Lake and known by that name until 1993, Chestermere is a city in Rocky View County in Alberta. What started as a farming community in the late 1800s is now a thriving municipality for those who live and work in the Calgary region. A solid Chestermere home insurance policy helps you protect your property.
Early settlers found ways to use the natural wetlands of the area to grow crops. As irrigation methods improved, farmers were able to make a living off the land and wanted to put down more permanent roots. They built homes and established a community. While local trade has become more modernized, homeowners in Chestermere still often face both the benefits and challenges of high precipitation levels.
Responsibilities of Homeowners in Chestermere
If you've lived in Chestermere for a while, you know the first frost typically comes in late September. Temperatures decline steadily after that. The coldest days of the year usually fall between -34 and -32 degrees Celsius. As the cold weather becomes more intense, it makes good sense to have a Chestermere home insurance policy that covers any damage it may cause to your property.
The prices for new homes in Chestermere can easily fall within the $900,000-$1.4 million range. Repairing your home after a storm or recovering from vandalism or theft can also be very expensive. Even if you are not required to have insurance on your home, purchasing at least a basic policy is still a smart decision.
While our agents can help you determine the specific coverage needs of your property, there are a few basics to look for in every home insurance policy:
- Repair of structural damage
- Replacement of ruined or stolen personal belongings
- Temporary displacement or living expenses
- Third-party liability coverage
Additional Coverage Needs
Many things can cause damage to your home. Our basic Chestermere home insurance policies protect against certain covered perils:
- Fire and smoke damage
- Theft or vandalism
- Hail and wind damage
- Impact damage from vehicles or aircraft
However, if your home sustains damage from certain types of perils, your basic policy may not cover the cost of remediation. For example, flood damage from heavy rains or storms is one of the most common complaints that are considered excluded perils. If your neighbourhood in Chestermere is prone to flooding, talk to one of our HUB representatives about additional coverage to protect your home.
Another example of an excluded peril is damage that results from the negligence of the homeowner. If your home sustains water damage from a storm and you do not have it mitigated in a timely manner, your basic policy may not cover any subsequent damage that occurs as a result of this oversight. Claims resulting from neglected foundation troubles also are likely to be denied.
If you foresee any reason you might need to extend your coverage, talk to one of our HUB brokers about add-on policies that could benefit you. They can fit you with an existing package or create a custom option that provides the security you are looking for.