What Will My Home Insurance Broker Ask Me For?

Home Insurance Policy FileThere are many things to consider when purchasing a home, including making sure your investment is properly insured. Home insurance can seem almost as daunting as the mortgage process. While in both cases there can be an overwhelming amount of information to be included and reviewed, know that the professionals are here to help and make it as simple as possible for you.

It's important to provide specific information to your insurance broker, most of which can be found on the MLS listing or in an appraisal. Your broker will ask you for:

  • Year of construction
  • Square footage
  • Type of heating
  • Type of plumbing
  • Type of wiring
  • The year any updates were completed.

This information is crucial to get an accurate home insurance quote. The more you're able to tell your broker about your home, the smoother the process will be.

Your Belongings Need Contents Insurance

If you have any particular concerns about coverage for your belongings, be sure to let your broker know. Some higher value items such as jewellery, computers, personal electronics, bicycles and other items may have set limits under a home insurance policy; if you own these types of items, it's important to review the value with your broker and discuss adding more coverage. Be sure to ask your broker about any special limits - and of course deductibles - that may be part of your policy.

Never be afraid to ask questions. There are no silly questions! The Auxilium Team is happy to provide you with a referral to our trusted partners for a home insurance consultation and quote.