Esterhazy may be a small town, but that doesn’t stop it from being one of the best places to live in Saskatchewan. Between the historic Flour Mill, the beautiful views of the Qu’Appelle Valley, and its renowned golf course, it’s no wonder that residents love living there.
Of course, that means that residents understandably want to protect what they have, especially their homes. Finding the right home insurance for your needs in Esterhazy can be a complicated endeavor, but it doesn’t have to be that way.
Risks to Your Home in Esterhazy
Searching for home insurance in Esterhazy, SK, typically requires you to consider four common threats to your home:
- Cold temperatures: It is not uncommon for temperatures to drop well into the negatives in this cozy town, which means that homes are at a greater risk for frozen pipes or damage from ice.
- Fire: Fires can occur in any home at any time. Beyond the devastating flames, smoke, and lingering water from putting the fire out can add to the damage.
- Flooding: Flooding is a relatively common occurrence in Esterhazy, and with that comes standing water that can damage your property and lead to mold or mildew growth.
- Theft: Even though Esterhazy is a small town, that doesn’t mean the crime rate is zero. If your home is especially easy to target, you may find your property vandalized or robbed of valuable items.
Why You Should Check Your Current Home Insurance Policy
If you already have home insurance in Esterhazy, SK, your job may not yet be done. Not all policies cover all risks, and protections from events like flooding are often left out. So, if you know what risks your home faces, you should double-check and make sure your current policy protects against them.
At the same time, you don’t want to pay for coverage you don’t need. For instance, if your home sits upon a hill, you may not require flood insurance, but you may be exposed to damage from strong winds or other extreme weather.
Types of Home Insurance in Esterhazy
Most towns don’t require home insurance to own a house. However, most lenders and mortgage companies will require coverage as a loan stipulation.
When looking for home insurance in Esterhazy, SK, you’ll generally have the choice of four types of plans:
- No-frills policies offer the most basic coverage for your home, but most lenders require a higher level of protection to provide a loan.
- Basic home insurance generally only protects your home from specifically named perils listed in the policy.
- Broad policies serve as the middle ground between basic and more comprehensive policies. The coverage will have some exclusions but generally protects your home against most things.
- Comprehensive home insurance offers the broadest coverage and protection but will still have some named exceptions. Unfortunately, this policy is also the most expensive.
How To Save Money on Home Insurance in Esterhazy
While protecting your home should be your priority when purchasing home insurance in Esterhazy, SK, you still want to balance that with its cost. Luckily, there are a few ways to reduce your monthly premium and keep your coverage affordable:
- Avoid making a claim for minor issues
- Become a member of an organization, such as alumni groups, that offer insurance discounts
- Bundle your coverage with your auto or life insurance
- Install safety devices such as smoke or water detectors and security systems