It depends. Everyone’s circumstances look different. You and your family may live in a duplex, a two-story, a mansion, etc… Your insurance should reflect your needs. Home insurance is a safety net that can offer financial compensation if your home is damaged or destroyed. It can also help you if a guest or third-party should file a claim against you for unintentional bodily injury or property damage.
Depending on the crime rates where you live, the features of your home, the size of your home, replacement value, weather, etc., your home insurance needs and premium will look very different than those of your neighbour’s. Thankfully, an Excalibur broker can work closely with you to determine your exact coverage needs so that you can choose a policy that works best for you.