It’s About Having a Place
to Call Your Own¶
Whether it’s your first home or the home of your dreams, Palladium will tailor your coverage to suit your property and your budget. If you don’t own a home, renters’ insurance will protect your assets without breaking the bank.
You may be eligible for added savings if we insure your vehicles as well. Use this quick contact form to ask us for a quote today.Request a Consultation Ask for Your Instant Quote Today
Why Buy Home Insurance?
For most of us, our homes are the biggest financial investment we ever make. In just a few hours, however, fire can reduce your investment to almost nothing.
Home insurance provides compensation in case of fire or theft, and often covers some forms of liability; for example, if a fire spreads to a neighbour’s home, or if someone slips and falls on your icy driveway and takes legal action. Home insurance also covers the personal property of anyone who lives in the home full time.
There are a wide variety of situations your home insurance can cover, as it’s highly configurable. Damage from events like water leaks, earthquakes or tornadoes may or may not be part of your policy, so be sure to talk to an independent Palladium insurance expert about your concerns.
Home Insurance is For Condo Owners and Renters, Too
Condo owners should have coverage for their unit and storage locker — your condo corporation will have insurance for common areas and the building’s exterior.
Tenants also have personal belongings they should insure against theft or fire.
Thousands of claims for residential water damage insurance are made every year — many are avoidable.
Water damage caused by everything from sewer backups, leaky roofs, burst pipes, faulty foundations and cracks in basement walls. It's become a leading home insurance claim in the past few years — as a matter of fact, water damage has replaced fire as the primary source of insurance claims with Palladium Insurance.
Considering Mortgage Insurance? There’s a Better Option¶
Many banks offer mortgage insurance — but there’s a better way to cover that debt if something ever happens to you. A life insurance policy gives your family the option to cover the mortgage and/or other expenses, versus mortgage insurance, which only protects the bank’s investment and loses value as you pay down what you owe.
Leaving on Vacation?
It’s important to do everything you can to prevent fire, theft, or accidents on your property while you’re on vacation. In some situations, you need to make sure that someone you trust is checking your home every 48 hours.
One of the most important rules is to avoid sharing that you’re away from home on social media — thieves may have worked out your address. Instead, save those vacation photos and post them once you come home.