Tag: home security

wooden model of a home with a stack of coins beside it.

Average Home Insurance Costs in Ontario: Factors Affecting Home Insurance Costs

Home insurance is an essential aspect of protecting your property and ensuring your financial security. If you own a home in Ontario, understanding the average costs of home insurance is crucial for budgeting and making informed decisions about coverage. What is the average cost of home insurance in Ontario? The average cost of home insurance in Ontario is approximately $1,200 per year. According to the JD Power & Associates 2018 Canada Home Insurance Study, the median annual Ontario homeowners insurance rate in 2018 was $1,284,

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closeup of model home on a table with house keys in frontkeys on a

14 ways you might be invalidating your home insurance

Home insurance is undeniably an essential safeguard for homeowners, providing financial coverage for potential damages or losses. However, in certain circumstances, homeowners may inadvertently jeopardize their home insurance coverage, leaving them exposed to financial risk. This article uncovers 14 common ways Ontario homeowners might unintentionally increase the risk of a claim and jeopardize their home insurance. Common ways you might jeopardize your insurance. 1 Non-Disclosure of Home-Based Business Operations Operating a business from your home might seem harmless, but it can potentially compromise your coverage.

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