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About Chestermere Home Insurance

Looking for Chestermere home insurance? Gold Key Insurance brokers understand that your home is more than just your biggest financial investment – it’s where you feel safe. Our brokers can find you Chestermere home insurance to help rebuild and keep your feet after a catastrophe.

Why Choose Gold Key Insurance for Your Home Insurance in Chestermere?

Here are just five reasons to choose Gold Key Insurance:

  1. We’re local. We’ve been serving the Chestermere area since 1991. Our brokers are from here and understand the challenges and risks faced by Chestermere residents.
  2. We’re experienced. Collectively, our Chestermere home insurance brokers have over 100 years of experience.
  3. Competitive rates. We work a variety of insurance companies and we take care of the price shopping for you. This means you’re getting the best home insurance rates in Chestermere.
  4. Tailored coverage. We don’t compromise on protection – our brokers find you the coverage you need for the best price possible.
  5. Friendly customer service. We’re here to help you – with a smile! Whether you need a quote, to request a change, submit a claim, or simply ask a question, we want to provide you the best service possible.

Give us a call at 403-934-5959 or stop by our office to get a Chestermere home insurance quote today! Keep reading to learn more about this essential protection.

Types of Home Insurance in Chestermere

There are three main areas of protection for home insurance in Chestermere:

  1. Property
  2. Personal & Premises Liability
  3. Additional Living Expenses

Remember, every policy is different. There are also many more pieces to home insurance in Chestermere. Your broker is an excellent resource to help you understand your coverage.

Chestermere Home Insurance Covers Property

Home insurance in Chestermere will cover your property from a variety of perils. Property can include:

  • The home itself (known as the dwelling, which includes the foundation, walls, windows, doors, and flooring)
  • Other structures such as decks, sheds, garages, and structures
  • Personal property (often known as contents, such as clothing, appliances, furniture, and electronics)

Keep in mind that there is an overall policy limit as well as limits to each section of coverage. You set these limits when you buy home insurance in Chestermere. Your broker will help you determine how much coverage you need so that you don’t over- or under-insure your home and contents.

For high-value items such as gaming computers, instruments, artwork, bicycles, jewelery, and collections, you may need additional coverage. This is because the value of these items may be over the single item limit (the maximum amount paid out for a single item if you have a covered claim). To protect these high-value items, you can “schedule” them so that they’ll be insured and protected for their true worth. You may need to provide proof of the value through receipts or an appraisal.

Chestermere Home Insurance Covers Personal & Premises Liability

Home insurance in Chestermere will cover personal and premises liability, which is when:

  • Someone gets hurt on your property or due to your unintentional actions
  • Someone’s property is damaged or destroyed while on your property or because of your unintentional actions

For example, if someone slips and falls while walking up your driveway, they could sue you. Your home insurance liability protection may cover the associated legal expenses including defense costs, judgement awards and settlements.

Chestermere Home Insurance Covers Additional Living Expenses

If you’re forced from your Chestermere home, insurance will cover your additional living expenses up to the limit. This only applies if you must leave your home after a covered claim or during a mandatory evacuation. Additional living expenses means the difference from your normal expenses for accommodation, transportation, and food. Make sure you keep your receipts!

What is covered by home insurance in Chestermere?

The exact perils covered by your Chestermere home insurance will depend on your individual policy and insurance company. Here are the ones most commonly covered:

  • Fire
  • Smoke
  • Explosion
  • Lightning
  • Wind
  • Hail
  • Impact by vehicle or aircraft
  • Falling object like a tree branch
  • Water damage like a burst pipe
  • Vandalism and other malicious acts
  • Riots
  • Theft
  • Sewer backup*
  • Overland water (or flooding)*
  • Ground water*
  • Earthquake*

The perils marked with an asterisk (*) are generally add-ons (known as endorsements).

What is covered by Home Insurance in Chestermere?

What isn’t covered by home insurance in Chestermere will depend on your individual policy and insurance company. However, here are some perils that are not normally covered:

  • Criminal activity by the insured (you or anyone living in the home)
  • Nuclear incidents
  • Terrorism
  • War
  • Damage caused by birds, rodents, bugs, and other vermin

You may also not have coverage if you leave your home vacant for more than 30 days. If you leave your home unattended for more than 48 hours and have no one checking it, you may also have reduced coverage. Always communicate to your insurance company if you’re leaving the home empty!

Optional Chestermere Home Insurance

There are a few optional coverages for Chestermere home insurance that you may need, including:

  • Home-Based Business – covers the property and general liability for a home-based business.
  • Sewer Backup – covers damage caused by back up from sewer lines (through drains or the toilet).
  • Overland Water – covers damage caused by rapid accumulation of water due to rain or snowmelt or the overflow of bodies of water like lakes or rivers.
  • Service Line – cover repairs and replacement to service lines such as sewer, water, electrical and internet lines on your property.
  • Bylaws – covers updating your home to meet current bylaws if it needs to be repaired or rebuilt following an insured claim.

Your Chestermere home insurance broker can help you decide what protection is worth having for your situation.

What affects home insurance rates in Chestermere?

There are many factors that affect Chestermere home insurance rates, including:

  • The crime rate of your neighbourhood
  • The claim rate of your neighbourhood
  • The type of building
  • The construction material of your home
  • The type and age of your home’s roof
  • The type and age of your home’s heating, plumbing and electrical systems
  • The square footage of your home
  • The estimated cost to rebuild your home
  • The value of your home’s contents
  • If your home has risks like a swimming pool or trampoline
  • If you have a home-based business
  • If you have damage mitigation devices installed like sump pumps, water alarms, or fire suppression systems
  • If you have security devices like a monitored alarm installed
  • How close you are to the lake or canal system
  • How close you are to the fire station
  • How far the nearest fire hydrant is
  • Your credit rating
  • Your demographics
  • Your insurance history
  • Your insurance options including coverage, limits, and deductible

How to Get the Cheapest Home Insurance Rates in Chestermere

Here’s how to get the cheapest home insurance rates in Chestermere:

  1. Work with a broker. They can take care of the price shopping for you and advise you on how you can lower your rates.
  2. Install damage mitigation devices. Chestermere home insurance companies often offer discounts for things like sump pumps, sewer back up valves, and water alarms.
  3. Install a monitored security alarm. You can often get a discount – just make sure it’s approved before you spend the money.
  4. Raise your deductible. The higher your deductible, the lower your rates. But that also means you’ll need to pay more out of pocket if you have a claim.
  5. Maintain good credit. You can get a discount if you have good credit as you’re considered to be likely to pay your bills.
  6. Bundle your policies with one insurance company as they often offer discounts for multiple policies. This may not always be to your advantage so make sure you talk to your broker about this.

Remember that cheaper isn’t always better. Work with a Gold Key Chestermere home insurance broker to ensure you’re getting the best price while not compromising on coverage.

How to Get a Home Insurance Quote in Chestermere

You can get a Chestermere home insurance quote by:

  • Requesting a quote online
  • Giving us a call at 403-934-5959
  • Visiting our office at 233 – 3rd Ave, Strathmore, AB

Our home insurance brokers will ask you for:

  • Your address
  • Details about your home including age, type of heating/electrical/plumbing systems, your roof, and more
  • If you rent out the home or a portion of it
  • If you have a home-based business
  • Details about your personal belongings
  • If you have any damage prevention or mitigation measures like alarms or sump pumps
  • Your insurance history
  • If your home is financed
  • If you agree to a credit check (it has no impact on your credit score)
  • This information is all required for a Chestermere home insurance application. The more you give now, the more accurate the quote will be and the less you’ll need to answer later. You can always ask your broker why they need a piece of information if you’re not sure.

    Frequently Asked Question About Home Insurance in Chestermere

    Here are the answers to some of our most-asked questions about Chestermere home insurance.

    Does Chestermere home insurance cover my business?

    No, home insurance does not cover Chestermere businesses. However, if you have a home-based business, some insurers offer a special add-on that will cover your business property and general liability. You must inform your insurance company if you’re running a business from your home!

    If I rent out my Chestermere home, does insurance cover me or my tenants?

    Home insurance will not cover your tenants – they would need a renters insurance policy to protect their belongings and personal liability.

    Contact your broker or insurance company if you’re renting out a room, suite or your whole home in Chestermere. You may need a special add-on or different insurance policy to ensure you’re properly protected but this often comes with fair rental value coverage. This will cover the value of rent if you’re unable to rent it out due to a covered claim.

    Am I covered by my insurance if I’m doing home renovations?

    You should always communicate with your Chestermere home insurance broker or company before you start renovations, especially if you need to leave the house empty while they’re taking place. Renovations mean more risks for your home (due to construction and people visiting) and they can also affect the rebuild value of your house. If you don’t contact your insurance company, you may not be covered.

    Is my home insurance affected if I go on vacation?

    Yes, your home insurance can be affected when you go on vacation. Empty homes are often targets for thieves and damage can go left unseen for far longer. Inform your insurance company of your travel plans and arrange for someone to visit your home every 48 hours if possible. You may also want to consider turning off the water to avoid winter water damage from a burst pipe.

    Insurance companies may reduce your coverage or deny a claim if there is no one checking in on the home every 48 hours or if you leave it empty for more than 30 days.

    If someone moves in, are they covered by my home insurance in Chestermere?

    You should always let your insurance company know if someone has moved in to ensure they’re added to the policy. If you’re renting a room or a suite out, you may need special coverage and they would need to get a separate renter’s insurance policy to ensure you’re both properly protected.

    Is my dock covered by my Chestermere home insurance?

    Your dock may be covered by your home insurance in Chestermere. However, you should clarify this with your broker or insurance company as it can depend on the policy and insurer.

    Is my boat covered by my Chestermere home insurance?

    Some Chestermere home insurance companies will let you add your motorized boat onto your home insurance. This only offers limited protection so you may want to consider a separate boat insurance policy.

    If you have a kayak or canoe, it may be covered by your content’s insurance. You may want to “schedule” the item if it is worth more than your policy’s single item limit to ensure it’s fully covered.

    Do I need special insurance if I own a high-value home in Chestermere?

    If your home is worth more than $1,000,000 you may get specialized high-value home insurance in Chestermere. This coverage is tailored for those who may have higher personal liability and property needs to protect their assets. Your broker will tell you if you are eligible for this coverage.

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    Please be advised that due to the storms over the weekend, we are experiencing higher than average call volumes.

    To make a claim, we recommend calling your insurance company directly to expedite the process. Click here to find your insurance company’s claims line