Get to Know the Practically Perfect Town of Riverview
Living in Riverview is like an open door to everything that’s wonderful about Canadian life. In fact, a recent poll of the 20,000 residents reported that 99% consider the quality of life good or very good in Riverview. Naturally, the area is experiencing rapid growth and welcoming many families looking for homes and home insurance in Riverview.
Everything you need to enjoy a pleasant life is all here in Riverview. The major cities of Moncton and Dieppe are merely minutes away. That makes for an easy commute for work or cosmopolitan entertainment.
When you’re ready for a moment to get away from it all and indulge in the sights and sounds of nature, it’s also within arm’s reach. Various parks and trails offer perfect spots for hiking or biking. Best of all, the Riverview Trail provides excellent views of tidal bores — impressive standing waves that you can watch or surf twice daily.
There are so many reasons to live (and play) in Riverview. Of course, you need to have the right home insurance to protect what matters most while you’re here.
Appreciate the Importance of Home Insurance in Riverview
Riverview is gearing up for exceptional growth. Town leadership reached an agreement with the Government of Canada for access to the Housing Accelerator Fund, which will use nearly $5 million to eliminate barriers to housing construction. The support will fast-track the creation of over 135 residential units between 2024 and 2027, as well as an additional 330 homes by 2034.
Your home is a substantial investment that you need to protect from unexpected events. (The median list price for 2024 is over $440,000.) Remember, despite your best efforts to physically safeguard your home from perils or vandalism, random catastrophic events can be unavoidable. That’s why getting home insurance in Riverview as soon as you make a purchase is vital.
Discover Your Home Insurance Options in Riverview
Because of the considerable financing that a permanent home requires, you will likely take out a mortgage to purchase a home. Reputable lenders usually require proof that you have insured the property to protect their interest.
However, that step is also a vital protection for you and your family. Homes are not simply places to live; your dwelling and surrounding property offer comfort and unmatched sentimental value. That’s why you need a tailored home insurance policy that addresses your needs.
Home insurance in Riverview generally covers:
- The cost to repair, replace, or rebuild damaged portions of the physical building
- Your personal belongings within the home and on the property
- Other structures on your property, such as sheds and garages
- Expenses from loss of use of the home while you repair it
- Personal liability coverage if a person experiences an injury on your property and can legally hold you responsible
What your policy covers and your premium varies by your home’s value, its construction, location, and the coverage limits you select. Bear in mind that most plans don’t handle flooding and earthquakes, but you can request additional endorsements for these risks if appropriate.
Make Sure You Understand What Home Insurance Can and Can’t Do
Specific items on your property require their own insurance plans. For example, your car needs auto insurance. Likewise, the normal wear and tear of appliances don’t fall under homeowners insurance but could get coverage with a home warranty plan.
You need to fully understand what your policy does for you. For that reason, it’s helpful to work with an experienced broker who can simplify the process.