Homeowners in Alberta can purchase home insurance policies to protect themselves against financial losses that result from fires, natural disasters, extreme weather, or burglary. Standard policies will usually include coverage for the structure of your house, loss or theft of your personal possessions, alternative housing and living expenses if you are ever displaced from your home, and injury liability if anyone is ever injured on your property.
Factors of Home Insurance Rates in Alberta
The location, size, and value of your home, and how much it would cost to replace it, are some of the main considerations insurance companies use when calculating your premium in Alberta. However, they also consider the materials your home is made of, heating, electric, and plumbing systems, security features, and the amount of coverage you are interested in purchasing. Aspects of your community, such as how close your home is to the nearest fire hydrant and fire station, and the crime statistics for your neighborhood, can also influence your average cost.