Kelowna Home Insurance

Affordable home, condo and tenant insurance in Kelowna

Our Acera Insurance expert home insurance advisors in Kelowna are well-equipped with a multitude of homeowner insurance options. Full of local knowledge, they know personal property insurance, and will ask the right questions to provide a home, condo or tenant insurance quote which will ensure your peace of mind, when it comes to protecting your home and all your assets.

Home insurance in Kelowna

You can trust our local team of home insurance brokers to find the best homeowner’s policy for you. With many options and inclusions to choose from, our dedicated advisors are happy to help explain different coverages and the benefits of including certain add-ons.

What is included in a home insurance policy in Kelowna?

Most Kelowna home insurance policies include standard protection for:

• Your house
• Your belongings
• Detached buildings
• Personal liability
• Additional living expenses while your home is being repaired

Optional home coverages available

• WaterprotectionInsurance for things like sewer backup, heavy rain, spring run-off and overflow from lakes or rivers.
• Special valuables

Additional protection for valuables like jewellery, fine art, collectibles and more.

• Home-sharing insurance

Insurance for renting your home through home-sharing networks like Airbnb and VRBO.

Condo Insurance in Kelowna

Your contents, unit upgrades and personal liability are not covered by your strata insurance.

What is included in a condo insurance policy in Kelowna?

• Physical damage
  Condo insurance commonly covers physical damage that results from theft, vandalism, fire, explosions and wind. There are also additional policies or endorsements you may want to consider adding to your condo coverage. These could include earthquake, sewer backup and overland flooding.
• Personal Liability
  As a condo owner, if someone is injured while visiting your residence, you could be sued. Condo personal liability coverage helps cover related legal expenses.
• Additional Living Expense (ALE)
  If you’re forced out of your unit during restoration due to water damage from a balcony fire, as an example, ALE will cover costs for you to live elsewhere, while your unit is under repair.

Strata deductible coverage

Excess loss assessment coverage for water damage claims

Looking for strata deductible coverage? With today’s rising strata corporation deductibles, condo owners are often looking to increase their limits. There has been a high frequency and increasing severity of natural catastrophes around the world in the past few years, affecting the global insurance market. Coupled with increasing water damage claims and repair costs, insurers are increasing water damage and sewer backup deductibles on the strata corporation’s insurance.

Loss assessment coverage

Strata deductibles can be anywhere from $25,000 – $300,000. If damage starts from your unit, even if it’s not your fault, you could be held responsible for the entire strata deductible. Loss assessment coverage, also called deductible coverage, pays the difference between your personal deductible and the strata corporation’s.

Talk to one of our Kelowna condo insurance experts to understand what is and isn’t covered by your strata. We can also provide you with a quote for deductible coverage.

Tenant Insurance in Kelowna

If you rent your home, your landlord’s property insurance does not cover your belongings in case of fire, flood, theft or damage. Tenant insurance, also referred to as renters insurance, provides protection for your contents in the event of an insured event. Our Acera Insurance tenant experts know the questions to ask to ensure your peace of mind when it comes to protecting all your assets.

Get the best renters insurance coverage today – talk to one of our Kelowna tenant insurance brokers.

What is included in a renters insurance policy in Kelowna?

• Contents Coverage
  Tenant insurance provides coverage for your contents from furniture to electronics and more. In the event these personal belongings are damaged, destroyed or even stolen, your tenant insurance assists with covering the costs to replace or repair these items.
• Liability Coverage
  Tenant insurance also protects you against lawsuits for accidental damage to your landlord’s property or accidental injury to someone visiting your place.
• Additional Living Expense (ALE)
  If you’re forced out of your home during restoration, ALE will cover costs for you to live elsewhere, while your house is under repair. It typically includes accommodation and transportation expenses.

Why choose Acera Insurance as your Kelowna home insurance broker?

As the largest independent, employee-owned brokerage in Canada, Acera Insurance has access to industry leading insurance companies and will compare between insurers to find you the most competitive insurance.

Our Kelowna brokers provide expert guidance and advice. Whether you own or rent, your home is your home, and we want to help you protect it. We take the time to understand your needs and explain your policy details so you can have confidence in your insurance coverage. Plus, our in-house claims team is here to help you every step of the way and advocate on your behalf to expedite your claim as quickly and efficiently as possible.

Learn why Acera Insurance has been a trusted home insurance broker in the Kelowna area for decades. Get a free insurance quote today.