Insurance for Homeowners in British Columbia
For most families, our home is where we keep our most cherished belongings. For that reason, it is imperative that we safeguard our homes from all the perils that it faces.
We know that even the greatest safeguards cannot protect our homes completely from perils such as earthquakes, fires, floods, and any other imaginable catastrophes, which is why purchasing home insurance is so important. Home insurance seeks to indemnify you for damages caused by insured perils in order for you to repair or replace your property and get you back to enjoying your home like you did before the loss.
The perils facing your home are limitless and it’s not possible, nor cost effective to insure them all, which is why at Allena Chong Insurance, we seek to understand the risks unique to your home by asking the right questions and listening attentively to your concerns, objectives, needs and your budget. Only after understanding your needs and objectives do we formulate a plan to help you obtain a policy that best suits your unique objectives.
Allena Chong’s Service Guarantee
Listening to You
Our process starts by listening to you and understanding the risks unique to your home. Then we’ll ask the right questions to ensure that no risks are overlooked. We take no short cuts in ensuring you have the best available coverage for your needs and our work doesn’t stop with the delivery of your policy. We will communicate with you as often as you need to ensure your coverages are tailored to your individual needs.
Claims Service Guarantee
Claims are always unexpected events that cause disruption to our lives. At Allena Chong Insurance, we understand the stress you are under when those unexpected events occur and our team is dedicated to assisting you through the claims process and getting you back to normal as quickly as possible.
Rate Protection Guarantee
Catastrophes are an unfortunate but expected part of life. Their impact is often hard to predict which is why we will often see insurance premiums fluctuate from year to year as insurers re-calibrate their actuarial models based on their own predictions for the year. In order to protect you from those rate fluctuations, our team will automatically survey our available markets for the best coverage and rates should your annual premiums increase by greater than 10% and communicate all of our available options to you so you can make an informed choice.
The coverage provided by a home insurance policy will differ for the type of policy you buy. The packages commonly available are basic, broad, comprehensive, and platinum. There are different variations for the names of these packages (eg., basic, silver, gold, platinum), but house insurance policies are generally categorized into those 4 packages, with slight variations. The basic policy generally provides a more limited coverage for the types of property and risks insured, while the comprehensive policies provide broad coverage for risks and personal property.
The broad policy, as the name suggests, also provides broad coverage, but does not offer as broad of coverage on personal property as does the comprehensive policy. The platinum policy offers the broadest coverage of all four, but is usually exclusive to clients that meet certain criteria. The best way to compare the policies is to have your insurance broker show you a chart which highlights the differences. Most insurance brokers will have these charts readily available.
Allena Chongs Top Tips for Cheap Homeowner Insurance
Yearly Payments
Paying your insurance in yearly payments instead of monthly can save you a lot of money. If you can front the money it is worth the consideration.
Build your no-claims discount year after year
A lot of insurance carriers provide discounts to those who haven’t made any insurance claims in a few years. This means that if you haven’t made any claims in a few years, you could be eligible for a discount.
Upgrade your home security systems
Making your home more secure with a monitored burglar alarm system can lead to substantial savings on your homeowner’s insurance premiums. In addition, many insurance carriers offer discounts for other security upgrades such as reinforced doors and cameras.