If you have questions about home insurance, we're here to talk.
Why do I need home insurance?
There are two main reasons to purchase a home insurance policy:
- To protect you from future liability claims.
- To have replacement value on your property and your assets or home belongings should they be damaged or destroyed.
There are three main types of home insurance — homeowners’ policies for detached single-family homes, renters’ policies, and policies for people in a strata property. Each has a different set of parameters and coverages available. Talk to a personal lines advisor before you lose your life savings to a flood, fire or other catastrophic event.
How can I reduce my home insurance premium?
Reliance Insurance has extensive expertise in home insurance and we have developed a proprietary risk strategy service to ensure that you have the correct insurance coverage for your home in Metro Vancouver. We can help you achieve the best premiums for the coverage required. Ways to save include:
- Monitored alarm systems
- Sprinkler systems
- Water monitoring devices
- Earthquake deductible buy-down
- Claims free
- Mature Homeowners (45 years of age or older)
- Mortgage free
Do you insure rental and vacant home and condos?
Yes, Reliance Insurance has insurance coverage for rental homes, vacation properties tenant insurance, homes, condos, townhomes and motorhomes.
Why do my rates go up if I’ve never had a claim?
To understand why insurance rates are increasing is to understand the complexities of life in 2020. Practically everything we own contains some form of technology that is expensive to repair or replace. Couple that with climate change and extreme weather conditions striking a major metropolitan area, and the number of insurance claims have skyrocketed in the past 10 years. Simply put, when the insurance industry is in a hard market trend, consumers can expect to pay a higher insurance premium and face more underwriting restrictions, or possibly be turned away altogether depending on the property, business or event that requires coverage. During a hard market, your Reliance Insurance advisor can be your best friend. Let us help you find an insurance solution that you can afford.
TIP: Go through each room and use what’s called an inventory booklet to document your belongings. This will be a lifesaver if you have to make a claim.
Reliance Insurance will lay out all your home insurance options so you can drive with peace of mind.
You may need:
Home Based Business
We offer a wide range of coverage options that are flexible and affordable.
Earthquake Buydown Insurance
When the big one hits, we want to ensure you can repair or rebuild your property.
Auto Insurance
We’ve got you covered for ICBC Autoplan or private insurance.
Boat Insurance
Enjoy years of sailing and boating, but insure your boat for the correct coverage.
Top notch service. We had a break-in and Reliance Insurance were invaluable in making sure I was properly compensated for the loss. So glad we use them.
— Jules Wilkins
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