Why does the government insist on drivers getting car insurance for their Calgary GMC, but owners of property aren’t forced to purchase home insurance? How many times have you heard on the news about a large-scale fire and the tenants didn’t have any insurance to safeguard their family and property?
It’s actually quite sad to hear stories like this, when it comparison to what it covers, home insurance is actually quite affordable. Most times, you can insure an average single-family home and it’s contents for under $1,000 a year. For those that live in a condo complex, the cost is generally much cheaper.
So why do we continue to pass up this type of insurance time and time again?
As compared to automobile insurance, which covers costs incurred at a Calgary auto shop, it’s quite cheap in comparison.
But home insurance policies cover more then just fires, they also coverage things like flood and loss of property. In the majority of cases, when taking out a mortgage to purchase a home, lenders will insist you have some sort of coverage in place in case you lose your home, but still have a mortgage to pay on it.
For more information on GMC Calgary, please visit our website at http://gmccalgary.org/ or contact us at 1720 Bow Trail SW, Calgary, AB T3C 2E4 or 1-587-333-6314.