Renewing Your Home and Auto Insurance: Broker Advice

Renewal time is one of the best times to shop around for better home and auto insurance rates. At Bow Valley Insurance, our promise is to always find you the best coverage at the most competitive rates that we have been delivering for home insurance and auto insurance services for 35 years.

By working with an experienced insurance broker, you receive the time, attention and expertise required to ensure your assets are properly protected. We want to remind everyone that they have plenty of insurance options to choose from. Professional advice from a broker will clarify what you should know before the annual renewal of your home & auto insurance policies.

Tips for Calgary Home Insurance Renewal

Always review your Calgary home insurance needs annually. Changes around your house may require adjustments to your policy.

Calgary home insurance policies are typically calculated based on the costs to reconstruct your home, or your home’s replacement value. Remodeling, renovations or repairs – even minor ones – can have an impact on the coverage you need should the unthinkable happen. And remember that any loss prevention measures taken for can save you money on your premiums. Speak with a broker to find out if your preventative measures qualify you for a discount.

Things that will likely require changes to your policy include:

  • New carpeting and/or flooring
  • Kitchen and/or bathroom improvements
  • Addition of a deck
  • Addition of living space
  • Development of basement
  • Upgrades to your appliances

Home insurance does a lot more than cover your home if disaster strikes. It also protects your personal property and provides coverage whether you’re at home or away. Ensure you have the best coverage your policy can offer; it will make a big difference if you ever need you to file a claim.

Understand the difference between replacement cost and actual cash value for your personal property. Replacement cost insurance for your personal property DOES NOT factor in depreciation when an article is damaged or stolen and needs to be replaced.  Actual cash value coverage DOES factor in depreciation.

Also review the amount of liability coverage in your policy and make sure you are adequately protected if you are ever sued due to your negligence that could have caused damaged to property or injury to others.

Tips for Auto Insurance Renewal

You’ll have a few weeks to shop around before your actual renewal date once your Calgary auto insurance provider sends you the paperwork. It’s a good idea to begin browsing as soon as the package for your Calgary auto insurance arrives!

Comparing these details allows you to determine whether a lower rate really is a better buy…not merely lower premiums for less coverage. For assistance with understanding quotes and finding the best coverage at the lowest rate, it’s always best to seek the advice of a professional broker.

Bow Valley Insurance Services: Home Insurance and Calgary Auto Insurance

Renewal time is the best time to shop around for a better rate, and at Bow Valley Insurance, we do the shopping around for you. This means you save valuable time and money. At Bow Valley Insurance, we’ll find you the best coverage at the most affordable price through our personal home insurance services and personal auto insurance services.