Home Insurance Oshawa: Intro
Welcome to your Home Insurance Guide for Oshawa. This page will give you an idea of Home Insurance Premiums in Ontario, will inform about savings opportunities and also provide number of other useful tips for choosing Home Insurance protection in Oshawa.
What Are Typical Home Insurance Premiums In Ontario?
This chart illustrates the average Renters and Homeowners Insurance premiums in Ontario and other provinces including Home Insurance in Oshawa. Renters insurance rates are typically lower than home owners premiums due to the nature of insurance: Renters insurance typically covers only the content of your rented property and sometimes liability. It does not cover the building itself since it is covered under the insurance property of the homeowner.
One of the larger topics in the past years become flooding and storms that strongly impacted Ontario particularly in 2013. Unfortunately the most insurers in Canada still do not cover overland flooding and thus we suggest to check with your insurer if these cases are typically covered.
How Can You Save on Home Insurance in Oshawa?
- Change your content coverage: Do you rent an apartment or condo? You can often lower your content coverage. No need to insure your belongings to up to $250,000 if you only have a laptop and some IKEA furniture!
- Monitoring: Is there other security like a doorman or security guard on the premises? This may mean an additional discount.
- Hydrants and fire-station: Ask if your proximity to a hydrant or fire station will save you money.
- Professional Memberships: Are you a member of a professional organization such as Certified Management Accountants of Canada? Some companies offer discounts to professional members, and some organizations offer their members insurance policies. (e.g. Meloche Monnex Insurance)
- Students: Some carriers provide discounts for students. (e.g.State Farm)
- Alumni: Graduates from some Canadian universities, such as University of Oshawa, McGill University and NAIT, may qualify for a discount through select providers. (e.g. TD Insurance)
- Dependent students: Dependent students living in their own apartment can be covered by their parents’ home insurance policy at no additional charge. Check with your insurer for this benefit. (e.g. Desjardins Insurance)
- Stop smoking: Some insurers increase their premiums for the homes with smokers since this means an increased risk of fire
- Direct insurers: Have you always dealt with insurance brokers or agents? Getting a policy from a direct insurer, also called a captive agent, may save you money. A captured agent only sells products from one company. (e.g. Belairdirect)
- Benchmark your costs: Use price comparison tools to know how much other companies are charging for similar policies, and check with your peer group to see if these comparisons are similar within your demographic.
- Interested in more saving tips for Home Insurance in Oshawa? Get an insurance quote below and connect with an experienced insurance professional to get more tips
Our Publications related to Home Insurance
The arrival of COVID-19 has pushed Canadians, more than ever before, online for finding and applying for insurance and banking products. It is not easy, though, to make the right choice without knowing if a particular insurer will be there when you need them the most. As the largest Canadian review platform with thousands of […]
A prospective buyer is always going to be focused on a condo unit’s view. Unlike a house, these units rarely have multiple windows to the outside in various directions. The exterior wall, which usually is either glass or contains a balcony, is likely the only point of contact with the natural world. While the interior […]
It’s no secret that property prices in many urban areas of Canada are on fire. And it’s not limited to just the core of Toronto and Vancouver. Houses for sale in Hamilton, for example, have doubled in price in the last decade and houses in Mississauga are almost $750,000. It’s increasingly hard for the average […]
Toronto real estate has been tumultuous in the last few years. At first, everything was going, up, up and up. Record low-interest rates made huge mortgages more attractive, and few new suburbs were developed thanks to the Greenbelt. Almost 90, 000 Newcomers were moving to Toronto each year, along with Canadians from other parts of […]
InsurEye Inc has announced the launch of a new website: CondoEssentials. The new site is a condo review platform that has been designed to better inform Canadians about real estate, with a particular emphasis on condominiums. InsurEye has been informing consumers about details of auto, life and condo insurance for years through thousands of independent […]
|Home Insurance by Province|
|Home Insurance in Alberta||Home Insurance in British Columbia||Home Insurance in Manitoba|
|Home Insurance in Ontario||Home Insurance in Saskatchewan|