Everything You Need To Know About Home Insurance

Buying a home is a major investment, and home insurance is crucial for protection against unforeseen events. It covers the building, contents, liability costs, and emergency living expenses. Although not mandatory in Alberta, mortgage lenders might require it. Insurance costs depend on factors like replacement cost, location, and security features. Coverage includes personal property, liability, and identity theft expenses, but excludes business-related losses and wear and tear. Assess your needs and consult an advisor for the best policy.