Enjoy a Small-Town Feel With Big City Living
There are around 38,000 people who call Spruce Grove home. The beautiful countryside environment promises a quiet life for those who appreciate the great outdoors, but the short commute to Edmonton puts big-city entertainment and opportunities a few minutes away. For real peace of mind when settling into this lifestyle, invest in comprehensive home insurance in Spruce Grove.
The Possibilities for Enjoyable Living in Spruce Grove
Spruce Grove offers residents an impressive mix of opportunities to enjoy arts, culture, fine dining, recreational complexes, first-class medical facilities, great schools and more. There are close to 15,000 homes in the city, with residents paying an average price of $499,000. This is no small investment, and without the right home insurance, you could find yourself paying even more for the life you love.
Damage to your home is a serious concern. In its climate change action plan, the city of Spruce Grove acknowledged the very real threats of droughts, wildfires, floods and severe winter storms that threaten the homes and lives of city residents. Roof replacements alone can cost you between $4,900 to $14,100. Home insurance can help.
The Protection You Get With Home Insurance in Spruce Grove
With standard homeowners insurance, you typically gain financial coverage for your home, your belongings, other structures on the property, personal liability and medical payments assistance for guests. Your policy could also include temporary living expenses if you must vacate the home while it’s being repaired or rebuilt under a covered loss.
Dwelling Coverage
With dwelling coverage, you receive funds to help with the repair or rebuilding of your home if a covered event occurs. While a policy will list your exact coverage incidents, most include the following:
- Fire
- Falling trees
- Severe weather
- Ice dams
- Theft or vandalism
The coverage works on both exterior and interior elements of the house, such as a roof caving in from a fallen tree and damaging your kitchen cabinets. Flooding is not usually a covered peril and requires a supplemental policy or add-on.
Liability Coverage
If you or a family member are held liable for injuries or damage to someone else, this policy can help with the cost of your legal defense or provide the funds for a settlement. In many cases, this policy is used for injuries or accidents that occur on your property to a third party, as it would help cover their medical treatment and their lost wages.
However, the limit on your liability coverage may not cover everything, so you’d pay the rest out of pocket. You should talk to a broker about increasing your policy limit or purchasing an umbrella policy.
Loss of Use
You’ll want your home insurance in Spruce Grove to include loss of use coverage, also known as temporary living expenses. If your home is severely damaged in a covered peril, this policy will help with the expenses of temporarily relocating while the home undergoes repairs. It could cover a hotel stay and meals, beyond typical groceries.
Personal Property Coverage
If your personal belongings are destroyed in a covered loss, this policy provides the funds to replace or repair what you lost. There are limits on what the policy pays, so for more expensive belongings, like jewelry or collectibles, you might want to add a rider that specifies insurance for the particular item. A broker can help you determine how much coverage to select.