Greetings From Lockport
Situated along the Red River in Manitoba, Lockport is a small unincorporated area about 17 miles north of Winnipeg. Home to nearly 500 people, this community is named for the St. Andrews Lock and Dam. Parks in Lockport provide views overlooking the dam, making it a great place to take in the natural beauty of Southwestern Manitoba. If you’re wanting to catch some fish for lunch, you’ve come to the right place!
Lockport has its fair share of attractions for locals and visitors to enjoy. Take in some culture at the Kennedy House and Museum & Maple Grove Tea Room. Built in 1866 by explorer, trader and businessman Captain William Kennedy, this house offers period architecture and décor as well as a glass-enclosed tearoom with views of the Red River. The St Andrews-on-the-Red Anglican Church and Little Britain United Church stand as some of the oldest buildings still in use in the Lockport area.
Lockport is a special place to be, and if it sounds like a place to call home, you should know some things about home insurance in Lockport.
Protection for Your Investment
Manitobans aren’t required to carry home insurance by law. Usually, mortgage lenders will require you to have a plan for home insurance in Lockport. Home prices in the area can easily run into the hundreds of thousands. Insurance helps protect your lender’s stake by covering the following:
- Damage or loss to your house and personal possessions from certain weather events, fire, and water
- General liability such as injuries or property damage by third parties in your home
- Losses due to vandalism, theft, or burglary
Even if you don’t have a mortgage, most people don’t have hundreds of thousands of dollars in cash to repair or replace their residences. Having home insurance in Lockport is an absolute must.
When considering a plan for home insurance in Lockport, you should know the type of policies that are available:
- Basic: Also known as a “named perils”, this policy, as the name suggests, only covers specific risks that you name. Basic policies are usually the cheapest, but your home won’t be protected from certain threats unless they’re named in your plan.
- Broad: This policy protects both your house and its contents from damages, but the specific risks to your belongings must be named.
- Comprehensive: These plans provide the most inclusive protection for damages to your house and your belongings, but certain risks such as flood and sewer backups are not included.
It’s important to think carefully about what you need for your home and the items you own. Typically, your policy only covers about 60% to 80% of your belongings. Lockport residents with high-value items such as jewelry and collectibles should carefully consider increasing their coverage. Conducting a home inventory helps you determine a practical level of coverage for your policy for home insurance in Lockport.
Your insurance plan will be influenced by several different factors, but the main ones include the age and condition of your home, the type of structure and its location. For example, a structure that’s closer to a large body of water such as the Red River or Lake Winnipeg would likely have a higher premium due to the increased risk of water damage.