House insurance question

banger17

banger17

Well-Known Member
It’s that time of year for us - renewing our house insurance for our place on Van Island. Shopped around over the years and did our due diligence and ended up with Westland out of the mainland.

I have seen Sonnet Insurance advertised a lot, heard a couple people being pleased with them, and they have way better pricing on their online quotes but getting into the fine print is a bit tricky and I am hesitating. Apples to apples comparison amounts to about $1900/year current provider versus $1400/year with Sonnet.

Question - does anyone use them and what do you have to say?

Cheers!
 
We use Westland and our cost with them is about $1400.
We don't have earthquake coverage however.
so far they seem to be a good company.
 
You never know how good the company is until you need to make a claim.

Intact was pretty good for us getting our repairs done in a timely matter considering we were at the end of the road
 
After lots of comparison (apples to apples) for this Vic house BCAA beat all by a few hundred $$$. A couple companies even stated they could no way beat. Make sure you go over the price reducing special things. No claim, member, multiple insurance, alarm etc.. Never used claim portion on house so no statement on that end. If its anything like the roadside assistance then that is awesome. Rescued my truck and atv from way down a bank, upside down and way up a 4x4 spur rd last spring.

HM
 
I 2nd bcaa great to deal with and great rates. all insurance is going up as a lot of the fact that there are a lot more weather related catasrphes recently and the ins cos are getting burned litterally so all rates basically go up to cover their costs. doesn't look like it's gonna get better any time soon. it does pay to shop around for sure. you can tweek it by lowering some deductibles etc.
 
we tried out td insurance last year. good price but haven't used them for a claim so don't know how good they are.
 
Being in the restoration industry most of my life, it’s almost as important to know if they have in house adjusters, or independent adjusting firms. Then do your research on the independents ANDtheir contractors. I can tell you some are great, while others are an absolute, unmitigated disaster.

There is an insane amount of butt kissing done by shady contractors to get their work, so if you ever need to make an insurance claim, you get a crew of sketchy unwashed workers in your home who don’t have the foggiest clue what they are doing.
 
There is also a huge difference on replacement cost vs replacement value . One is the depreciated cost of your home the other is the actual cost to rebuild it as it was.
Also look at the???? I forget the name of the clause, but it is a percentage usually listed at about 80 % this mean that if you have a fire in the kitchen you are on the hook for 20% of the cost. If that fire in the kitchen caused smoke damage to the rest of the house you can be on the hook for those costs too.
Don't go only on price make sure you get the agent to explain exactly what you are buying. I know of a guy who's barn burnt down at replacement value, not cost. the insurance company said it was worth almost nothing due to it's age, a new barn for him is in excess of a million bucks.
So make sure you are really comparing apples to apples when you get a quote.
 
Last time I took BCAA's quote to 4 others after friends recommended them. Not 1 could match, 1 said to go buy immediately which I did. I am no insurance specialist, I like to read what each states then ask.

HM
 
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