Welcome Home to Pinawa
Nearly 1,400 people lay their heads to rest in Pinawa, a local government district located in Southeastern Manitoba. It is situated on what is known as the Canadian Shield, a massive area of exposed prehistoric rock that makes up the geologic core of North America. Named for the First Nations peoples who lived in the area, Pinawa is situated on the north bank of the Winnipeg River. Pinawa started out as a community to support the operations of a hydroelectric generating station at the beginning of the 20th century. Some 50 years later, the area was abandoned with the shutdown of the station. Pinawa was later reestablished almost 10 km away in 1963 as a planned community to support the Whiteshell Laboratories nuclear facility. While Pinawa’s roots run to prehistoric times, the community is relatively young compared to other areas.
Pinawa offers a resort-like feel to residents and visitors. Those who love outdoor recreation will also love Pinawa. Sailing, swimming, fishing, hiking, and cross-country skiing are just some of the many activities that you can get into here. Pinawa is also home to many golf courses. Known as the Deer Capital of Manitoba, there’s no shortage of antlered, four-legged friends here. Besides outdoor activity, visitors and locals can take in local color at town markets. Anchored in natural beauty, Pinawa offers attractions such as the Pinawa Suspension Bridge which puts you up and close with local flora and fauna. Historic sites such as the original Pinawa Dam Heritage Park and in-town sights like the Pinawa Heritage Sundial make this a fun place to live. Here’s what you should know about Pinawa home insurance.
Some TLC for Your Home
Mortgage holders in Manitoba are usually required to carry home insurance. A policy for Pinawa home insurance protects you (and your lender’s) investment when it comes to the following:
- Home damages or property losses associated with fire, water, hail, wind, and lightning
- Liability for damages or injuries experienced by other people on your property
- Theft, burglary, and vandalism
With home prices well over $200,000, having insurance keeps you from having to make replacements or repairs out of pocket.
There are generally two types of coverage available for Pinawa home insurance, comprehensive and broad. A comprehensive plan, as the name suggests, provides more coverage. It includes all risks to your property and your belongings, except for specific exclusions named in your policy. Comprehensive policies are also called “all-perils” or “special” coverage. A broad policy will cover all risks to your residence (except for exclusions), but only certain named risks will apply to your belongings. If you had broad coverage for your Pinawa home insurance plan, it would need to name the possessions to be covered.
What you’ll pay for Pinawa home insurance is based on the following factors:
- Age and condition of your residence
- Structure (for example, single-story vs double-story)
- Location
Having a residence near the river, as would be the case with most Pinawans, would likely result in a higher premium due to the increased risks of structural damage due to water.
You also need to account for the items in your house. Standard Pinawa home insurance covers between 60% and 80% of the value of your belongings. If you have luxury items such as collectibles, jewelry, and high-end appliances, you should do a home inventory to see if your policy offers enough coverage. It’s possible to increase your limits for personal property protection, especially if you own high-dollar items that are difficult or expensive to repair and replace.