Heading Home to Kindersley
Kindersley is a town of fewer than 5,000 residents located in west-central Saskatchewan, Canada. It is situated along Highway 7, a major route connecting Saskatoon to Calgary in Alberta. Known as the Hub of West Central Saskatchewan, Kindersley is a base for oil, gas, and agriculture, primarily thanks to its proximity to the resource-rich part of the province. The community was incorporated in 1910 and takes its name from Sir Robert Kindersley, an English businessman who was a major shareholder in the Canadian National Railways and governor of the Hudson’s Bay Company. The Bakken shale oil and gas play has been a major factor in establishing Kindersley’s economy for the past two decades.
Kindersley is not just a thriving community based on oil and gas. Tourism has also been a major part of its economy. Backdropped by the natural beauty of Saskatchewan, this town offers a lot for those who love the alfresco life. Living in the gem of west-central Saskatchewan is an inviting proposition, which is why local homeowners need a plan for home insurance in Kindersley, SK.
Covering Your Property
As with other Saskatchewanians, Kindersley residents aren’t legally required to have home insurance. If you are planning to finance your house, mortgage lenders will require you to have home insurance in Kindersley, SK, because it mitigates their risk in your investment. Even if you don’t have a mortgage, insurance can provide the following benefits:
- Protection against damages or losses due to acts of theft or vandalism
- Repair of property damage due to fire, water, and certain weather events
- Replacement or protection of your possessions
- Liability to cover injuries or damages for third parties while on your property
If your house experiences major damage or destruction, a plan for home insurance in Kindersley, SK, spares you from having to pay out of pocket. With home prices averaging nearly $350,000, having insurance makes sense for every homeowner in Kindersley.
Now that you’ve decided to purchase home insurance in Kindersley, SK, you need to know what kind of plans are available to you. For Saskatchewanians, there are three types for your consideration:
- Basic: Generally, the least expensive plan, this policy covers specific perils or risks that are included in your policy. This plan is sometimes called a “named perils” policy.
- Broad: A broad insurance plan provides full coverage for your house and protection for named perils for your personal belongings.
- Comprehensive: As the name implies, a comprehensive plan includes the most coverage for your home and personal items. Comprehensive plans don’t automatically cover damage from events such as earthquakes or sewer backup.
As you’re considering home insurance in Kindersley, SK, you’ll need to take stock of the value of your property and the items you possess. Most policies only provide coverage for 60% to 80% of personal items. If you own high-dollar items such as art, family heirlooms and fine jewelry, you should account for this when coming up with a plan.
What you’ll pay for home insurance in Kindersley, SK, will depend on some factors that may seem obvious, including the condition of your house, its age, location-based risks such as water features, and the type of structure. Other personal factors include your credit score, claims history and improvements you’ve made to your residence.