Homeowners have many tough choices to make from closing forward. Home insurance in Markham should rank at the top of the list. If you have not yet found that dream house and are just creating your budget, you should factor in a monthly insurance premium. Most mortgage lenders require homeowners to obtain a policy quote before they approve the funds to close. The reason behind this requirement for a mortgage is simple: If something happens to the home, the likelihood of you having the money to cover it out of pocket is slim. You may then default on the mortgage, and the bank would have a home that they cannot sell without making repairs. Even if you are fortunate to purchase a home without a bank loan, a policy for home insurance in Markham may save you from financial ruin should a disaster happen.

No two policies are created equal, and here at HUB International, we aim to get you the coverage that best suits your property and financial situation. However, there are several basic threats to your home that a policy generally covers. When a sudden and unavoidable event hits home, causing damage to a part of your home, a home insurance policy kicks in to help make necessary repairs. Some examples that are usually covered include things like:

• A fire starting inside or spreading from outside
• A pipe bursting in winter, causing water to intrude inside the home
• A hailstorm that causes significant damage and effects the exterior integrity of the home

Depending on where you live and the likelihood of other natural disasters to occur, you may need to obtain additional protection. For example, if your Markham home lies in an area prone to flooding, you may need flood protection. You will not want to deal with that cleanup and repair on your own should a flood event happen.

The items inside your home hold financial and sentimental value, and protecting them from loss is important to you and us. Even though we cannot replace the personal memories attached to something, we can help provide financial compensation in many instances. High-value items, like jewelry, may require additional policy coverage, or you may have to provide further documentation. When you suffer a loss due to a natural disaster, your home insurance policy offers you fair market share replacement costs. Another scenario an insurance policy protects your home and possessions from is theft. When someone breaks into your home, damaging structural elements and removing property, the cost for repair or replacement can climb. Having us on your side may help significantly in this incredibly stressful event.