I wanted to pass this along to everyone on the forums here in hopes that some of you can pocket some coin(possibly a lot) by checking your home insurance policy....
Recently my policy was due for renewal and my insurance co sent me a bill for $1008 (taxes included) on my 1992 built home. This premium has been inching up over the years to the point I considered it to be getting unreasonable so I contacted my insurance agent and asked them about it, telling them I thought it was higher than what I thought it should be(I got an online quote from another source to confirm it). In discussing the matter with my agent I discovered that there are a number of things which can substancially reduce your premium....
1. I went from a $500 to a $1000 deductible
2. I'm a non smoker
3. I had a new roof installed two yrs ago
4. Installed a new furnace recently
5. Have paid off mortgage
6. Upgraded all faucets
Some good notes Adrian.
I'll have to ask about the new roof and faucets thing. The others i knew about.
But flood insurance in Manitoba?
Will never happen.