Protect Your Home from Local Risks
Oshawa, Ontario’s proximity to Toronto makes this formerly sleepy bedroom community an attractive place to live for a growing number of commuters and remote workers. It offers easy access to the big city and provides a great combination of urban amenities and green spaces.
Homes in this community are affordable, with prices averaging 55% lower than the rest of the province. The real estate market is trending up, so you make a solid investment when you purchase a home here. Protect that investment with home insurance in Oshawa that covers you for the risks you face.
Oshawa Homeowner Risks
In these northern latitudes, severe weather events are common and one of the biggest threats facing homeowners. In the winter, the possibility exists for snowstorms, high winds, blizzards, and ice storms. You can expect heavy rains, lightning, and strong winds in the warmer months. This region also averages 12 tornadoes per year. These natural hazards and other threats place your home at risk for:
- Fire and smoke: Lightning, faulty electrical systems, and cooking food can lead to a house fire that quickly grows out of control. Smoke and fire both cause extensive damage and can sometimes lead to a total loss.
- Floods: Flooding in the older parts of the city is more common than in the newer neighbourhoods due to the lack of proper storm drainage. However, if your home sits in a low-lying area that is not graded to direct excess water away from your house, you may experience a flood event during heavy rains or when the snow melts.
- High winds: Strong winds can occur at any time of year and often accompany storm systems. High wind can damage the roof and siding and may topple trees.
- Property crimes: Though property crime rates are low in this area, your home insurance in Oshawa should protect your most valuable possessions.
Living in this city offers residents many benefits, and it’s a great place to establish roots, raise a family and retire. Understanding the risks you face and protecting your investment from those threats gives you the peace of mind to fully embrace living in Oshawa.
Basic Home Insurance Coverages
A basic home insurance policy covers your property for damages related to fires, wind, and property crimes. Though a standard plan provides these protections, you will notice differences between providers in policy limits, deductibles, coverage exceptions and premium amounts.
HUB International is here to help you find a plan that fits your needs and your budget. Your broker works with you to assess your coverage needs and locate policies that match, seeking out those that offer discounts and the lowest rates for the greatest benefits. We make the process of procuring the right home insurance Oshawa stress-free and straightforward.
Additional Considerations
Though flooding is a significant risk for some homeowners, a traditional policy does not provide protection for this hazard. To get coverage, you need to purchase a named-peril policy for flooding. If you live in a flood zone or your house is prone to basement flooding from heavy rainfall or snowmelt, talk to your HUB International broker about procuring a flood protection plan.
When you procure a typical home insurance Oshawa policy, it covers the main house unit. If you have additional structures on your property, you may need additional coverage. Likewise, when you make improvements to your home, you may want to reassess your policy to ensure it continues to provide you with the coverage you need.