Home Insurance

The typical homeowner’s insurance policy covers the house, the garage and other structures on the property, as well as personal possessions inside the house, such as furniture, appliances and clothing. These items are covered against a wide variety of perils, including windstorms, fire and theft. The extent of the perils covered depends on the type of policy. An all-risk policy offers the broadest coverage. This covers all perils except those specifically excluded from the policy.

Most lenders will require you to take out home insurance equal to the principal of the mortgage or the loan amount. It is important to make sure that you have adequate insurance so that, in the event of a fire, that you are fully covered. Your insurance broker will explain this to you in detail.

At Ray Backhouse – Lifespan Financial Services, our specially trained staff have unique partnerships with a number of experienced and professional insurance firms that can provide you with the specialist advice for your particular situation and type of coverage required. This network of professional services ensures that your interests are coordinated in a manner that delivers the best results across all aspects of your financial circumstances.

Home Insurance

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