Live Like a King in the Royal City
Considered one of the first planned towns in the province of Ontario, Guelph is an important part of Canadian history. After the early dwellings of indigenous peoples, Guelph was developed to attract settlers and capitalize on the natural beauty that surrounds the region. It was named after British royalty, namely King George the IV who was the monarch at the time of its founding. The city is now a major educational, agricultural, and manufacturing center and one of the fastest-growing communities in Canada.
Only 45 minutes from Toronto, Guelph is the perfect location to enjoy city life with a balance of small-town community and friendliness. There is a high standard of living made even better by low crime rates and low unemployment. You can get to the city by air, train, or bus, and you can travel through the city on two wheels or four. There are plenty of biking trails in Guelph or you can take the transit system if you don’t want to drive or bike. Visitors and residents enjoy the independent eateries, award-winning festivals and cultural facilities located in and around Guelph.
Guelph has been named one of the best places to buy real estate in Canada, due in part to the low unemployment rates and higher-than-average annual incomes when compared to the rest of the country. These factors, as well as the small-town charm with big-city options, attract many to the Royal City for permanent residence. However, without the right home insurance in Guelph, your dream of living like royalty could turn into a nightmare.
The Need for Home Insurance in Guelph
Buying a home is a significant financial decision, and one bad storm or fire could leave your most asset damaged. Home insurance is financial protection for your investment, putting in place a safety net when the unexpected occurs. Homeowners insurance doesn’t prevent disaster or theft, but it is there to help pick up the pieces when such events happen.
A standard policy protects the house, but it often extends coverage into other areas. With a customized policy from HUB International, your policy could include the following:
- Dwelling coverage beyond the home for things like a garage, deck, or other attached structure
- Personal property coverage for certain belongings
- Other structures coverage for fences, sheds, or other detached structures
- Personal liability coverage if you or a family member is held legally responsible for personal injury or property damage to a third party
- Additional living expenses to cover living elsewhere if forced out of your home by a covered claim
- Medical coverage for guests who are accidentally injured while on your property
The Basics of Home Insurance in Guelph
A home insurance policy can be written to address the unique risks of your housing situation, but there are common inclusions and terms to be aware of. Fortunately, you don’t have to navigate purchasing Guelph home insurance alone. With our experienced HUB brokers, we can take you through your risks and the necessary coverages against them. Some terms to keep in mind include:
- Limits: the maximum amount of money the policy will pay for a covered claim
- Deductibles: the amount of money you must pay out-of-pocket before the policy will contribute toward the covered claim
Our brokers know how to determine what limits are appropriate for your situation, as we consider the costs of rebuilding your home or having to replace your belongings. We can customize a policy to fit your budget and needs.