Planting Your Flag in Fort Saskatchewan
Fort Saskatchewan might seem like the name of a historic site in the province of Saskatchewan, but it’s actually a vibrant and growing city of over 27,000 located along the North Saskatchewan River in Alberta. Fort Saskatchewan is part of the larger Edmonton metropolitan area. Many of the city’s residents commute to Edmonton for work, but Fort Saskatchewan is more than a bedroom community. Several major corporate entities have operations here, including Dow Chemical, Shell Canada, Walmart and The Home Depot and others. Your life (and career) may bring you to this area on a permanent basis, so here’s what you should know about home insurance in Fort Saskatchewan.
Considering Home Insurance in Fort Saskatchewan
Although Fort Saskatchewan began as a military fort, today, it is a dynamic community that has a distinctly suburban feel. Downtown is the oldest part of the city, but even today, new neighbourhoods are under development. There’s also plenty to do besides work. The Dow Centennial Centre and Shell Theatre host sports and performing arts, respectively. There’s also a host of parks and outdoor spaces. During the summer months, you can observe herds of sheep and goats trimming the lawns of Fort Saskatchewan’s parks. If Fort Saskatchewan is calling to you, you can expect to find homes selling for an average of $421,000. Spending hundreds of thousands of dollars on a home is pretty much the norm, but what happens if your residence is destroyed in a fire?
Exploring Home Insurance in Fort Saskatchewan
You don’t have to carry a home insurance policy in Alberta by law; however, if you have a mortgage, your lender will require you to carry coverage. Think about it. They’ve invested a large sum of money for you to have a place to call your own. They want assurance that their investment won’t be lost in the case of a catastrophe. You deserve the kind of assurance that comes with having home insurance in Fort Saskatchewan.
No two homeowners will have the exact same needs or amount of coverage, but you can expect these protections in a typical policy:
- Dwelling: The roofs, walls, floors and other structural elements of your home are covered, including that of attached structures like a garage.
- Other structures: Your policy usually covers other structures on your property, such as fencing or a detached garage.
- Personal property: The items in your home have value and your insurance can cover loss or damage to these things due to fire, theft and other named perils.
- Personal liability: Imagine a guest suffers an injury while in your home. Your insurance can cover medical bills and associated property damage.
- Miscellaneous expenses: If you need temporary lodging while your house is being repaired or rebuilt, your insurance plan can cover your costs.
What you’ll pay for a comprehensive policy will depend on the price of your home, type of construction, desired coverage limits, location and other factors. When shopping for a policy, it’s important to know what you’re getting for your annual or monthly premium.
Knowing Your Coverage
When shopping for home insurance, it’s important to know what is usually not covered by your policy:
- Flooding: Living near the North Saskatchewan River or extreme thunderstorms could cause flooding on your property. Most home insurance plans don’t cover flooding.
- Appliance repair and replacement: Home warranty plans are available to cover the repair and replacement of major home appliances from regular use. These plans should not be confused with home insurance.
- Auto: You’ll need car insurance to cover losses and damages involving vehicle theft, fire or collisions.