Life can be full of surprises, but nothing is more precious than extending your family and welcoming a new member. Whether you have welcomed a new baby, a grandparent, foster child, in-law, etc. One thing the head of the household member should never forget to do is update their Cayuga home and auto insurance policies for optimum protection.
We get it here at Duliban Insurance Brokers. We understand there are two sides to the story when extending your family. On one hand, it can be a beautiful and life-changing event. On the other hand, it could get a little stressful and chaotic. Thinking about updating your home and auto policies could truly be the last thing on your mind.
We would just like to take this time to remind you of all the benefits and perils that can result based on the action you decide to take.
What Could I increase On My Home & Auto Insurance Policies?
There are many coverages a newly extended household could decide to increase. However, we will just touch on the most important ones. If you’d like a more itemized list of each home and auto coverage you could possibly change. Please contact Duliban Insurance Brokers. We would love to have a sit down with you and conduct a full policy review.
In the meantime, here are a few important coverages one should look at first when their family is growing fast:
Dwelling Coverage – (Covers the structure of the home) – More times than not, when a family is extending, parts of the home are extended or repurposed to accommodate more people. This is a very normal thing, but when homeowners do this, they tend to forget they have just now increased their home value. For Example, if you add a 4th or 5th bedroom to the home, add a 2nd kitchen downstairs, built a smaller home in the backyard, etc. Any of these additions can increase your home’s value and require you to call your carrier and increase the dwelling coverage.
Personal Property – (Covers the personal belongings of every permanent member of the house)
– If it was just you, your spouse, and a toddler. $50,000 worth of personal property might had been just fine. However, if you have added in-laws, grandparents, adopted children, foster children, etc. $50,000 will most likely not cover everyone’s personal belongs and this amount will be something you will want to give some attention to sooner than later.
Third-Party Liability Insurance (TPL) – In Ontario, all drivers on the road must carry a minimum of $200,000 worth of TPL insurance. If you have extended your family, $200,000 to cover all the potential auto accident damage, caused by all the new drivers, will most likely not be enough coverage. The truth is, the vast majority of Cayuga, Canada drivers carry around $1,000,000 of TPL coverage. If you are having trouble deciding on the correct limit to carry, please give us a call, and we can help you find this unique number.
When searching for an insurance company that offers discounts for bundling your Cayuga home and auto insurance, you also want to make sure the company you are considering has the ability
to grow as your family continues to grow.
We here at Duliban Insurance Brokers partner with some of the largest and most comprehensive home and auto carriers in the country. We have no doubt if you choose us and our network of carriers, you will gain a newfound peace of mind knowing your family is protected.
To learn more about Cayuga home and auto insurance, contact the experts Duliban Insurance Brokers at 1-855-385-4226. Our licensed professionals will be happy to answer any questions you
The law says you must have auto insurance in St. Catharines. Yet, not just any insurance will do. You want insurance that will be best for your family. Request an online quote or call for your free quote today.
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