According to the team at Dawson Insurance Brokers Ltd., the most common claims they experience in Haliburton are:
Fire Damage - caused by electrical outlets, wood stove fires relating to poor maintenance to the stove and chimney.
Windstorm Damage - causing trees to fall on dwellings resulting in direct damage to the building and the appliances inside.
And the most unexpected claims?
Sewage back up - is very expensive to clean up after an occurrence.
Wild Animals - such as bears entering seasonal dwellings looking for food and damaging doors, windows and interior contents.
The team at Dawson Insurance Brokers Ltd. give this advice for people to take into consideration when insuring their property in Haliburton County. Each insurance company has specific wordings due to vermin entering a dwelling or doing damage i.e. raccoons entering or moving into an attic. Some companies will cover this and others exclude this in their wordings.
They suggest having a review of the replacement construction cost of your home or cottage every 3-5 years. An Insurance policy does provide replacement value coverage providing you have insured your home to replacement value. Your Home or Cottage policy insured limit should be based on construction cost not Tax Assessment values or Real Estate valuations. They also suggest taking pictures or video of your property including interior contents and to keep an inventory of contents and approximate replacement value as your loss will need to be shown in detail to the Insurance Company Adjuster at time of loss. Dawson Insurance Brokers Ltd. welcome the opportunity to be of service throughout the year.
We asked Paige Carey and the team at Vasey Insurance Brokers Ltd., Haliburton to educate us on insuring a property in Haliburton County. The most common cause of destruction in our area surprised us - lightning. The granite rock formations in our area apparently attract lightning, and buildings nearby suffer the wrath.
Talking about anomalies, recently Vaseys processed a claim for a pool that was 'crushed like a pop can' this winter. The cause? An animal of some sort had torn the pool liner causing the water leak, and then froze. Another case of animal destruction was a racoon getting into a boat and causing $9000 in damage, a claim which the insurance company tried to deny - stating vermin were excluded from the policy. The Vasey team went to bat for their client by approaching the local wildlife preserve for the definition of vermin and raccoons and ultimately getting the company to pay up for their client.
WHAT YOU NEED TO KNOW:
Every insurance company offers different types of policies and the cottage insurance policies they offer may vary depending on how you use your property. The following are some things you should consider when shopping for the right cottage insurance policy for you:
Paige Carey and the team at Vasey Insurance Brokers Ltd. note that it is extremely important that you are aware of the coverages, exclusions and conditions you have under your policy to ensure you are properly covered. They always recommend you deal with a licensed Insurance Broker for all of your insurance needs. Insurance brokers can find the best company and policy for you, and are always there to explain your coverages to you.
Thank you to the teams at Vasey Insurance Brokers Ltd. and the team at Dawson Insurance Brokers Ltd. for their contributions to this article.
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