There are plenty of misconceptions about home insurance in Canada, making it difficult to answer even some of the more simple questions about it. Because each homeowner is different, each policy will come with its own specific set of rules. For new home buyers who just want to do the right thing for themselves and their property, it's time to consider the facts of home insurance. Picking the right level of coverage starts with understanding the underlying principles.
For informational purposes only. Always consult with a financial advisor or insurance agent before proceeding with any real estate transaction.
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The policy and premium will depend on a few basic factors. Location, size of the home, and financial standing are all…