Quote:
Originally Posted by Ironhorse
Resurrecting this thread, as it looks to be the most appropriate. I’m reviewing our home insurance because it jumped quite a bit this year (no claims for us since we’ve lived here for 15 years), and I see the policy is for a global amount of $3 million, covering dwelling, property and living expenses. Also $1 million liability. That seems rather high for my $370ish home. Or is this the lowest standard amount?
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I was literally just reviewing my renewal documents and noticed a huge jump, too. With TD.
Deductibles increased from $1000 to $1500 and annual premium up nearly 35%.
It mentions weather and increasing building costs and such which I suppose makes sense, but it still feels like a pretty swift kick to the balls.