Protect Your Investment With Home Insurance in Kanata
Homes in the Ottawa Valley are valuable investments. The median list price for homes in Kanata is currently around $700,000, and the average monthly premium for home insurance in Kanata is $339 per month. HUB International insurance brokers specialize in helping Ontario homeowners select the best home insurance policies.
Additional coverage may be advisable for homes at risk of basement flooding. Policy costs can be lower in Kanata than in some other parts of Ottawa, in part because this district has one of the lowest crime rates in the region.
Top Risks to Kanata Homes
Kanata South saw a 6.7% decrease in crime in 2021, to a rate of 1,547 crimes per 100,000 people. Water damage from sources that many policies exclude poses risks to many residences in Kanata. Learn more about three regional risks that could require additional home insurance coverage.
Sewer Backups
Kanata officials took measures to reduce the frequency of sewer overflows that cause backups in the basements of homes. Flooding is less severe in some areas after local bonds to create catch basins, but sewer backups can still occur.
Overland Water
The Carp River causes flooding in Western Kanata. Most home insurance in Kanata excludes flood damage, and flooding insurance is only available in certain areas.
Wind Damage
High winds can cause significant damage to homes. An EF2 tornado on 21 September 2018 damaged or destroyed several hundred structures and many trees in Kanata.
Choosing the Right Home Insurance
Owners of homes in Kanata can contact a HUB International insurance broker to get quotes for home insurance. We help homeowners compare monthly premiums and other policy costs for various levels of coverage. Find out more about a few of the leading options for home insurance in Kanata.
All-Perils Policies
Comprehensive home insurance covers the widest range of perils. This type of policy has specific exclusions, such as flooding, that require additional coverage.
Broad Policies
Broad-form home insurance covers all perils of a dwelling with the exception of exclusions. These policies differ from comprehensive coverage by only covering named perils to the contents of a home.
Standard Policies
Basic home insurance policies only cover named risks to a dwelling and its contents. Standard policies are typically the lowest level of coverage that most mortgage lenders will accept as proof of insurance.
No-Frills Policies
Minimal coverage is an option for homes that do not meet the usual standards for insurance. These policies only cover a limited range of named perils to a dwelling and may not cover contents or liability without add-ons that increase premiums.
Sewer Backup
Coverage is available for basement damage resulting from overflowing sanitary sewers. Owners of homes in some areas of Kanata, including Bridlewood, should consider endorsements for sewer backups.
Flood Insurance
Owners of homes in Kanata West and other areas that have high flood risks according to the City of Ottawa Flood Mapping should consider coverage for this peril. Most home insurance excludes flood damage, from all-perils down to no-frills policies.
Kanata homeowners can get expert advice from a HUB broker on selecting the best home insurance policy and options for more complete coverage. The location, age and value of a home factor into policy premiums.