J.C.Mitchell Insurance Broker – Barrie

About J.C.Mitchell Insurance Broker

It’s much more than a roof over your head. It’s a source of comfort and security for you and your family. Here are a few things you should consider in choosing a homeowners insurance program.

A lot of people buy home insurance because their lender requires it as a condition of the mortgage. But what is it that you’re actually buying? Not all insurance programs are created equal.

Purchasing amounts of insurance that reflect the full replacement value of everything you own is without a doubt the single most important thing you can do to protect yourself. Remember, the amount of insurance on your home itself will be different from the sales price, which included the price of the land on which your house is built. Guaranteed Replacement Cost for your building is one of the most important coverages available to a homeowner. You can qualify for this coverage by insuring your home to 100% of its full replacement value. If you do, then we will pay the full claim, even if it is more than the the amount of insurance on the building! Make sure this is shown on your policy. The Guaranteed Replacement Cost coverage applies only to your building – not to your personal property.

Source : J.C.Mitchell Insurance Broker Online