Aurora Home Insurance
Affordable home insurance Aurora residents can depend on
Whether you are living in your dream home in Aurora Estates, are absorbing the culture and history of Aurora Village or are enjoying nature in the Hills of St. Andrews, Aurora is an excellent place to explore and establish roots. Offering plenty of green space, excellent restaurants and several attractions, it is easy to see why Aurora residents call this charming city home.
While finding your perfect home, townhome or apartment is the first step towards living your best life in Aurora, the next is securing insurance to protect it. Our team has been supporting Aurora residents for over 60 years. We offer in-depth knowledge on the local community, in addition to a vast network of top home insurance carriers. You can trust one of our Aurora home insurance experts to provide best-in-class service while securing cost-effective coverage that has been built exclusively for you.
We offer our customers certainty. Certainty in knowing they have the best coverage and certainty in knowing we are in your corner, protecting your best interests.
Understanding property insurance in Aurora, Ontario
The right policy can safeguard you against unexpected events. Let’s review the different types of property insurance available to you.
- Homeowners Insurance: This insurance covers private homes, their contents, and homeowner liability.
- Renters Insurance*: Renters insurance protects personal belongings and offers liability coverage.
- Condo Insurance: Condo insurance protects individual condo units, personal belongings and liability coverage.
- Seasonal Insurance: Seasonal home insurance covers property structures, personal belongings, and also provides liability.
*Renters require home insurance too, as a landlord’s coverage doesn’t extend to tenant belongings. As a renter, your insurance will cover liabilities and living expenses if relocation becomes necessary due to repairs.
Explaining what is included with a Aurora home insurance policy
A standard home insurance policy has three main areas of insurance protection:
Property Coverage
This covers physical damage to your home and other related structures, such as sheds, fences and decks. In the event of damage caused by an insured peril, it can help you with the costs associated to replace your belongings and repair or rebuild your home. Common insured perils include fire, explosion, lightning, hail, wind, theft and vandalism.
Additional Living Expenses
This covers additional expenses you have incurred as a result of needing to leave your home due to an insured loss or mandatory evacuation. It can include costs related to temporary accommodations, transportation and food.
Personal Liability
This covers expenses in the event someone is injured or has their property damaged due to your unintentional actions. For example, if someone slips and falls down your stairs, sustains an injury requiring medical assistance, and later, decides to take legal action against you.
Additional coverage options
At Acera Insurance, we offer more than just the basics when it comes to your home insurance. We also offer plenty of other coverage options to help tailor your policy to your unique needs. Here are a few optional coverages or extensions available for Aurora homeowners:
- Earthquake coverage – Covers damage caused by an earthquake. This coverage usually has a separate deductible. as outbuildings and personal belongings.
- Sewer backup coverage – Covers damage caused by sewer or drain backup into your home. Often has a separate limit and deductible. Some homes are not eligible for this coverage.
- Overland water coverage – Covers damage caused by water accumulation through rainfall or snowmelt. Some insurers also include overflow from a freshwater body of water like a river or lake. Not all insurers offer this coverage, and it isn’t available to all homeowners.
- Groundwater coverage – Covers damage caused by water rising up beneath your home. This is not covered by all insurance companies.
- Service Line coverage – Covers costs related to repairing or replacing service lines you’re responsible for within your property. Certain insurance companies define service lines differently but can include water, sewer, electric, internet, and phone lines.
The cost of home insurance in Aurora, Ontario
Home insurance premiums in Aurora are calculated based on following factors:
- Your insurance coverage
- Your insurance history
- Your credit rating
- Your demographics
- The crime rate of your neighbourhood
- The claim rate of your neighbourhood
- Your proximity to environmental risks like a river
- Your proximity to a fire hydrant and fire station
- The type of home you have
- The construction material of your home
- The age and type of roof
- The age and type of electrical, heating and plumbing system in your home
- The square footage of your home
- The cost of rebuilding your home
- If you have any risks like a pool or trampoline or wood-burning stove
There may be additional factors as every insurer calculates rates differently.
In order to receive the most affordable home insurance in Aurora, it is always a good idea to enlist the help of an independent insurance broker. At Acera Insurance, we work with multiple carriers to find the best coverage for you at the lowest price possible for your specific requirements.
Top five common claims for Aurora homeowners
Aurora homeowners contend with a variety of different claims scenarios, from weather related incidents to acts of vandalism. Below, we’ve outlined a list of the most frequent issues Aurora homeowners experience, which result in a claim.
- Water damage: Water damage is a leading cause of home insurance claims in Aurora and the rest of Ontario. Common sources can include basement flooding from heavy rainfall or inadequate drainage, burst pipes from temperature fluctuations, and appliance leaks.
- Fire damage: Kitchens prove to be a major source of concern when it comes to housefires and smoke damage. Some of the most frequent causes include faulty electrical systems and leaving food unattended during the cooking process.
- Theft and vandalism: Break-ins and vandalism can lead to property loss and damage. Be sure to install professionally monitored security systems to avoid being a greater target.
- Sewer backup: Heavy rains can overwhelm municipal sewer systems resulting in water backing up into your home. With more basements being developed, this can create even more costly damage than if it was empty and undeveloped.
- Wind and hail damage: Aurora, like many other cities in Ontario, is susceptible to some pretty severe storms. Wind and hail can cause major damage to the exterior of your home including roofing, siding and windows.
To ensure your home is properly protected, it is always a good idea to regularly review your insurance coverage with a broker. They will be able to help advise you on any coverage gaps and make recommendations on whether you should consider increasing your coverage based on emerging industry trends. Plus, our brokers are a wealth of knowledge when it comes to claims prevention. We also have plenty of online resources on home maintenance to help you avoid some of the scenarios outlined above.
Get a free Aurora home insurance quote
Acera Insurance is one of the largest independent and employee-owned brokerages in Canada. With a wide range of insurance partners, our Ontario teams work with the top home insurance companies in Aurora. We have decades of experience using our local knowledge and network access to find Aurora homeowners the best home insurance rates possible (based on their individual needs). Getting started is easy. Simply give one of our local offices a call or start your quote request online.
Aurora Home Insurance FAQs
Insurance can be complicated, but we are here to help make it easier. This includes answering some of your most frequently asked questions when it comes to insuring your home in Aurora, Ontario.
Home insurance provides important legal and financial protection from unexpected damage to both your home and contents. It covers physical damage to your home and other structures like sheds or fences. It also provides you with liability coverage in the event you or members of your household are sued for injuring another person or damaging someone else’s property. Home insurance can also cover additional living expenses if you are forced from your home due to an insured loss.
While home insurance is not mandated by the province, it is an invaluable and very cost-effective way of protecting one of your most important assets. In the event of a major claim, home insurance can help pay to repair or rebuild your home. Otherwise, repairs would cost you thousands of dollars out of pocket. Rebuilding could even mean needing hundreds of thousands of dollars upfront, which very few people could afford without insurance.
Typically, high-value collections will not have enough coverage through a basic home insurance policy due to lower content limits. To make sure your collectibles are adequately protected, always be sure to let your broker know about any unique or valuable possessions. Depending on the size and value of your collection, you will likely need a separate endorsement. With this in place, you will receive the exact amount of coverage you need to properly protect your personal collection.
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