TUESDAY, OCTOBER 6, 2015
 There are times that some claims are just not covered. One of the most frequent would be unregistered vehicles and/or parts. Many of our clients assume that once it's parked in the garage, your home policy will cover it. Unfortunately that's not the case, but coverage can be provided on a package policy for a minimum amount of money. The same goes for boats, jet skis, ATVs and larger lawn & garden equipment. These all have to be added on to your home policy in order to have coverage.
The next is certain types of water damages; this includes seepage, flooding & sewer backup (unless it's listed on the policy). This is why it's so important to have back up valves, working sump pumps and good drainage around your home.
Another is wear and tear or just plain aging of your home. Your home policy is not a maintenance policy; it's designed to provide coverage due to a peril incurred i.e. hail, wind, fire.
As well, damage by vermin and of course fraud or any illegal activity is not covered.
Your policy has specific limits on art, jewelry and work related items. Again extra coverages can be added to your policy.
If you operate a business or store business related goods within your home, you'll need a separate commercial policy. None of your coverages from your home policy extend to your business.
When you're upgrading, adding rooms or making improvements to your home or cabin please provide us with that information. If you don't, you could be faced with a co-insurance penalty in the event of a claim.
These are some of the most common losses that occur with denied coverage. We do try to provide you with the best coverages for your premium dollars, and I do ask all our clients to please take the time and fill out the renewal form that's sent with your policy.
Home insurance does provide great coverage for many other issues and perils. Make sure you have the right policy. Call Heritage Insurance Ltd at (800) 667-7640 for more information on Moose Jaw, SK home insurance.
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