Protecting Your Investment in Reserve Mines
Reserve Mines has a solid place in Nova Scotia's cultural significance. Its coal mines played a crucial role in the region's economy from the 1860s to the mid-1950s. The Antigonish Movement further boosted the area's financial success in the 1930s, preparing it for the future.
Reserve Mines Amenities
Those who live in the area know that there are other reasons Reserve Mines is an ideal place to call home. With the J.A. Douglas McCurdy Sydney Airport as an amenity, residents and visitors can easily commute in and out of Reserve Mines. Also, Reserve Mines residents enjoy a cost of living 11% lower than the Nova Scotia average, making it easier for some to purchase a home.
Protecting Your Reserve Mines Investment
Homeowners know how critical it is to protect their property — after all, it's likely their largest investment. Reserve Mines home insurance allows you to do so. While no one wants to anticipate a severe weather threat or break-in, it's a good idea to be ready in case something happens.
Snow and Ice
Winter ushers in the chance for ice and snow, especially in January, when the area averages 41 cm of snow. Heavy snow and ice storms can cause roofs to weaken or large tree branches to fall.
Extended Cold Periods
Periods of very cold weather can cause pipes to freeze or burst as ice expands inside them. You may experience water damage resulting from frozen pipes.
Theft or Vandalism
While the crime rate in Reserve Mines isn't especially high, vandalism or theft can happen to anyone, anywhere. If someone breaks into your home, taking items or causing damage, Reserve Mines home insurance can help pay for expenses.
Fire
Fire damage goes beyond the destruction the fire itself causes. It also encompasses water damage from extinguishing the flames, possible mold damage from the water exposure and smoke damage. All of these factors can lead to items and structures that need repairing or replacing.
Types of Home Insurance
A typical home insurance policy has many facets, each designed to cover different perils.
Dwelling Coverage
Dwelling coverage is the central aspect of a homeowners insurance policy. It covers costs to repair, replace or rebuild your home's structure, including the roof, walls, doors, windows and attached decks or porches.
Other Structures
Structures separate from the home, such as a fence or detached garage, get coverage under this area of a Reserve Mines home insurance policy.
Personal Property Coverage
Damaged or stolen belongings get coverage under this part of your policy. They include:
- Clothing
- Furniture
- Electronic devices
- Appliances
Heating and cooling systems also fall under the personal property category.
Personal Liability
Liability insurance protects you financially if someone sustains an injury on your property.
How To Save Money on Reserve Mines Home Insurance
Homeowners insurance is vital, but there are steps you can take to lower the costs.
Choose a Higher Deductible
Higher deductibles can save you money in the long run, provided you have enough cash to cover it if you need to make an insurance claim.
Increase Home Security
Insurance companies often provide discounts when you make your dwelling more secure. Smoke detectors, burglar alarms, sprinkler systems and deadbolt locks make it less likely that a peril will cause major damage.
Bundle Home and Auto Insurance
Some insurers provide discounts if you have multiple policies, so you may save money by purchasing home and auto insurance from the same provider.