Home Insurance In Calgary And Alberta to Rise

Nasty weather our way and it is potentially causing home insurance rates in Calgary to rise, and coverage to change. As these storms increase in their intensity and the damage they cause, it is instigating insurance companies to pay billions of dollars more in compensation every year. As is to be expected, these additional costs are being passed on to consumers in the form of higher premiums and deductibles and changes in coverage.

In 2012, 62 per cent of all canadian claims originated in alberta and totaled roughly $730 million in claims. That's a hefty number and insurance companies immediately took note of their losses. Even before the devastating floods of June 2013, Calgarians and Albertans were braced for changes.

Why Rates Are Increasing

• Homes are larger and more expensive to repair - The average sized home in Alberta is now over 1,900 square feet.

• Finished basements are being used as living space - Basements that were once used for storage and occasional entertaining are now being filled with everything from extra bedrooms to home theaters.

• Construction costs are rising - It now costs upwards of $100/sq. ft. to build a home in Calgary, and these costs are expected to go much higher in the future.

Protecting Your Policy

There are some ways you can weather the upcoming rate increases and changes that are expected to come in 2014. Most are simple, and all of them can make a big difference in the premiums you can expect to pay each and every month.

• Install an alarm system to protect your home from intrusions, fire, and CO poisoning

• Increase your deductible

• Research and apply for discounts

• Bundle your home, auto, life, and other insurance policies together with the same insurance provider

• Flood-proof your home if you live in a flood-susceptible area

• Fire-proof your property by removing excess plants and dead organic matter from your property and installing sprinklers

Don't Rely On The Government

Authorities and government agencies across Alberta are taking great steps to repaired mitigate flood damage. They are investing billions to build beams, clear forests, and protect homeowners from catastrophe. However, you shouldn't rely solely on these efforts to protect your home. The more proactive you are in protecting your home the better off you will be in the event of a weather emergency, and the more money you will save in your Calgary home insurance premiums.

Bow Valley Insurance understands that you can't predict the weather, but that you can protect yourself from whatever Mother Nature might throw your way. That is why we have developed a dependable network of insurance agents and companies throughout Alberta who can cover your home more completely than anyone else. 

Insurance To Shop In Alberta

Mostly people not like and to shop for insurance is usually not the most enjoyment you are able to have, although it does not have to be hard either.  Regarding finding the correct Alberta Motorcycle Insurance policy, they're some ways you are able to go about it.  Do your hunt for the correct policy for meeting your requirements somewhat simpler on yourself by being focused on some major factors & narrowing down your hunt to the insurance corporations & agents who are able to make available you the most excellent Motorcycle Insurance in Alberta.


Given that Alberta contains a privatized insurance arrangement, you have much diverse options for where you would like to purchase your policy.  Unlike a number of other provinces, you are able to select from every one of the obtainable insurance companies (like Calgary Motorcycle Insurance Company, company of Motorcycle Insurance in Edmonton etc.) and put side by side the rates, coverage as well as services made available by the corporation.  Even though rates inside Alberta for motorbike insurance happen to be regulated in the similar manner that automobile insurance rates happen to be, by the Alberta auto Insurance Rate Board, this makes available only a greatest that a cover corporation is able to charge for any specific policy.  Insurance corporations still contain the right to establish their personal rates, provided that they don't go beyond this limit.  This implies you are able to shop about for the most excellent rate on your policy & be assured you'll never reimburse additional to the lawfully allowed greatest for your motorbike, driving record & experience level.

They're three major ways of shopping for Motorcycle Insurance in Alberta:

a. Go via a broker.

A broker lets you to put side by side the rates from additional to one corporation, for the reason that they work with numerous insurers and are able to offer a diversity of diverse rates.

b. Go via an agent.

Much similar to a broker, an agent happens to be a middle man among you & the insurance corporation, and is able to assist you decide on the correct coverage.  An agent, not like a broker, works with just one insurance corporation.  This has the advantage of making them a specialist on their corporation's policies as well as services, but implies you are just going to get a single quote from Single Corporation at a time.

c.  Go direct.

In conclusion, you are able to buy your policy in a straight line from the insurance corporation, having the middle man left out entirely.Every one of such options has a number of pros as well as cons.  A broker allows you to put side by side rates from many companies, but might not be as well-informed about every one of the corporations in question.  An agent makes available the same professional advice, other than with additionally detailed information of the single corporation in question.  In both cases, you have to go through your broker or agent to purchase your policy.  From time to time, this can stand for a superior rate since there's a commission shelled out to the broker / agent, save for this isn't at all times the case.  A broker as well as an agent makes available personalized service as well as individual advice.

Purchasing from an insurance corporation is able to save you cash in a number of cases.  The envoys you are going to talk with are typically in a call center / central office, though, and will not have the similar individual knowledge of you & your requirements that an agent /broker is able to offer. More benefits insurance in Alberta.