Just sent in copies of the original GIA Report and Purchase Receipt I know we’ve not had to submit reappraisals ever on anything Should apply to Jewellery, Art, Antiques, Furs etc Not based on when you bought the item / houseīut what it would actually cost IN THE PRESENT to replace it / themĪgree with what in Reply # 7 said about high value items & RBC In regards to costs, insurance is always hard to nail down, there are a lot of factors at play, so its hard to say why one company may be higher for a house in that specific area.īiggest thing you want with an insurance policy is to ensure you have REPLACEMENT VALUE The TD extended water protection covers a number of things, check what the RBC one covers. My coverage is probably more expensive than yours due to the area I live in. Is your basement finished? How many valuables do you keep down there? etc etc. In terms of sewer back up protection, again, you want to find out what is covered. May be worthwhile to sift through the fine print a bit and make sure you are covered. Then there are tons of other breakdowns for everything else. For TD there are a lot of different categories, IIRC one package covered around $6k for jewelery and the higher package was $15k. The $10k for high value items is probably not as clean cut. That said, it looks like RBC may be giving you a bit more coverage. Before I get into this, I went with TD as I had my autos with them already and got further discounts for bundling. Should I stay away from TD because of this?Īnyways, those prices seem close to what I pay for about the same area and same packages, if not a bit cheaper. I guess my main point for starting this thread was to gather some thoughts:ġ) Any thoughts on why TD and RBC are so much cheaper than going through a brokerage ($600-$700 annual difference)?Ģ) Any thoughts on RBC insurance's service if you make a claim? I'm currently with TD insurance for auto and I'm pretty content with how they handle claims.ģ) Is $50,000 extended water coverage from TD enough for a 2500sqft house? It's just a bit weird that TD you have a to pick an amount while other insurers cover water up to your limit. RBC was quoted with sewer backup up to policy limit and overland coverage for 20% of my personal property coverage (~$100,000). RBC can bump personal liability from $2,000,000 up to $4,000,000 for less than $0.50/year. TD was quoted with $50,000 extended water coverage (includes sewer backup and overland water coverage) with $2,500 deductible. Inclusion of $10,000 for high value items (i.e. I went through 2 brokers so far and the quote for the premium was $1,700 - $1,800 annually. But the quotes were for a 2,500sqft detached home in Stouffville, Ontario. It shouldn't matter for the questions I'm asking below. I looked through the forums and I couldn't find any updated/recent info so I was hoping to start a new thread. Hi Everyone, I purchased my first home and I'm currently shopping for home insurance.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |