Understanding Your Insurance HUB International Barton Insurance The Cottages on Osoyoos Lake.
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Transcript of Understanding Your Insurance HUB International Barton Insurance The Cottages on Osoyoos Lake.
![Page 1: Understanding Your Insurance HUB International Barton Insurance The Cottages on Osoyoos Lake.](https://reader034.fdocuments.in/reader034/viewer/2022051820/56649e7b5503460f94b7c0c5/html5/thumbnails/1.jpg)
Understanding Your Insurance
HUB International Barton Insurance
The Cottages on Osoyoos Lake
![Page 2: Understanding Your Insurance HUB International Barton Insurance The Cottages on Osoyoos Lake.](https://reader034.fdocuments.in/reader034/viewer/2022051820/56649e7b5503460f94b7c0c5/html5/thumbnails/2.jpg)
Why is Home & Seasonal insurance important?
For most people their home(s) is their biggest asset
Peace of Mind
Protecting your biggest asset
Protection for your personal belongings
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Why is Home and Seasonal insurance important continued
Additional living expenses
Liability exposures
Earthquake coverage
Sewer back-up/water damage
Personal belongings
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Perils
What type of losses are covered?
• Fire • Forest Fires• Break & Enter• Smoke damage• Explosion
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Other Perils
• Windstorm or hail damage to your home
• Lightning
• Falling Objects
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Water Damage
Explosion
Bathtub overflows
Kitchen tap is accidently left running
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Liability for Homeowners
Did you realize that your home insurance can protect you even when you’re not at home?
Accidents happen – your home insurance can be your security blanket
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Premises Liability for Seasonal Owner
Did you realize your policy covers accidental injury for 3rd parties?
Accidents happen – your insurance can be your security blanket
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More losses covered by Your Insurance:
• Impact by Vehicles
• Riot
• Collapse, including weight of snow & ice
• Electricity – sudden & accidental damage caused by electricity
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How are Insurance Premiums Calculated
• Where is the nearest fire hydrant?• Is there a responding fire hall?• Is there a Security system in the home?
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Factors that could affect your Insurance premium
• The age of the home
• Age of owner
• Claims History
• Mortgage Free
• Where is the home located? (fire protection)
• Occupancy of home
• Home run business?
• How many families live in the home?
• Any rental suites
• Deductible Options
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Any Questions?