Frequently Asked Questions on Property Insurance
What are the advantages of the online home insurance quote?
Our home insurance quote tool is designed to let you know what premium you would be paying and how much you could be saving. It’s quick, easy and commitment free.
To get the most accurate quote possible, please answer all the questions; your answers to each one has an impact on the premium.
To save time, make sure you have the following information handy:
The reconstruction cost of your home
The year of construction of your home
The year the roof was renovated
The year the fuel-oil tank was installed or manufactured (if applicable)
The square footage
An inventory of your belongings
Why should I regularly update my property insurance policy?
You should tailor your home insurance policy to any change in your life. Update it regularly in order to:
- Receive coverage that suits your actual needs
- Benefit from the fairest and most equitable premium
- Avoid unpleasant surprises in the event of a claim
Call an agent to discuss any changes that could affect your insurance premium:
- Alarm system installation
- Change in your smoker/nonsmoker status
- Major renovations (e.g., finishing your basement, putting an addition on your home, etc.)
- Acquisition of highly valuable items (e.g., jewelry, paintings, antiques, etc.)
Also take the opportunity to update your home inventory. In the event of a claim, you will have all the information you need about your current possessions.
To determine your home insurance needs, read Choosing the Right Kind of Home Insurance.
What is a Sewer Backup?
Municipal waterworks can handle normal, or slightly above normal, water flow. However, sewers can back up following heavy precipitation, melting snow, a sudden thaw, a rise in the water table, or other unexpected weather conditions.
Fortunately, you can minimize the risk to your house or apartment by following these loss prevention tips:
Install a Backwater Valve
A backwater valve that complies with your municipality’s standards and bylaws will prevent sewage from backing up into your basement. The valve closes automatically if the sewer backs up.
Maintain Your Backwater Valve
Proper care of your plumbing system will significantly reduce the risk of sewer backup.
And of course, in the event of a loss, one of our claims advisors can help you deal with the emergency and start the claims process.
To learn more about prevention, read Tips on Preventing Home Insurance Claims.
Why do insurance companies check my credit score?
We check your credit file only to offer you the best insurance premium possible.
It has been shown that credit files are effective in predicting future insurance claims. That is why we use this, along with other information about your property or automobile, in order to determine the best insurance premium for you.
When you take out an insurance policy with us, we also use your credit file to determine your payment terms. Afterwards, when it’s time to renew or change your insurance policy, we update information collected so we can continue to offer you a customized price.
Credit agencies distinguish between consulting for insurance purposes and consulting for a loan. This means that when we verify your credit file, it isn’t affected.
What happens if I don’t want my credit file to be checked?
We respect your decision and will offer you an insurance premium, although you might not receive the best insurance premium.