How to Choose Home, Auto or Life Insurance in Montreal- South Shore

Choosing an insurance company for home, auto, or life insurance in Montreal-South Shore can be time consuming. You want to make sure you get the best coverage but not overspend on insurance premiums.

Luckily, you can obtain free insurance quotes when you fill-out our quick online form to receive 3 quotes from 3 leading insurance companies.

Our insurance partners offer all types of insurance – home, auto, or life – in Montreal South Shore.

The best thing is that you can compare multiple offers to find the right price that suits your budget. Further, you have no obligation to do anything unless you are completely satisfied.

Just fill out our request form today to receive competitive quotes for your insurance needs!

Insurance Products Provide Financial Security

Insurance products are not unnecessary expenses.  In fact, they are extremely useful to obtaining financial security for the future.

While people may argue that insurance premiums put a huge dent in our budget, think about the consequences of not having adequate insurance.

Life Insurance Products for the Young and Old

There are many reasons why people buy life insurance but there is one common factor that is shared by most consumers. They all want to make sure that their families or loved ones are not left financially bereft in their absence.

We don’t want to think about death but we do need to think about what happens to our families if we are not there for them.

Life insurance benefits include tax-free death benefits paid to your dependents. Depending on your type of policy, cash benefits can be used by your loved ones for your final expenses, settlement of debts, and other financial needs.

Here are some ways life insurance can be used by your loved ones:

• to pay off a mortgage
• to pay credit cards and other debts
• to pay medical bills
• for educational expenses of children
• for living expenses
• for funeral and burial expenses
• to settle estate taxes
• to support a chosen charity

As you can see, cash benefits from a life insurance policy will make sure that your dependents don’t have to worry about financial obligations after you leave them behind.

Ensure Financial Benefits to your loved ones

Whether you take out temporary life insurance or permanent life insurance, you will be ensuring financial benefits to your families. However, there are huge and significant differences in these two types of life insurance.

Before buying life insurance, make sure you understand the best coverage that applies to your circumstances and budget.

Most importantly, buy life insurance as soon as you are able because premiums cost less when you are younger and healthier.

What’s more, you can buy insurance to protect your wealth and make it grow with carefully chosen life insurance like whole life or universal life insurance.

Compare multiple quotes from insurers with Compare Insurances Online.

In just 5 minutes, you can request to connect with top insurers in Montreal-South Shore.

Home Insurance is Affordable in Montreal South Shore

Is it time to renew your home insurance? Are you wondering if you could get lower home insurance premiums?

Shopping for home insurance is easier when you compare home insurance quotes online. Our partner insurers offer competitive and affordable premiums for condo insurance, homeowner insurance, or co-owner insurance.

Why do you need to have home insurance when it is not mandatory in Montreal? Because your home is probably your biggest asset, you don’t want to take any risks.

Imagine what it would cost if your house gets totally damaged by fire or smoke? How much will you need to replace the contents of your home if they are lost? Fortunately, you won’t need to feel anxious because home insurance can cover these risks.

But that’s not all! Home insurance can also cover expenses if your home becomes uninhabitable due to damage. These expenses include temporary accommodations. It can also cover the loss of personal property stolen from your home or vehicle, damage you cause to somebody’s property by accident, as well as injuries suffered by persons visiting your property.

Home insurance is considered by insurers as property and casualty insurance, along with auto insurance, disaster insurance, and business insurance.

While the law does not require home insurance, homeowners with a mortgage are required by their lenders.  Some landlords may also require tenant insurance.

How much does home insurance cost in Montreal South Shore?

Unfortunately, there is no definite answer for this question because your home insurance premium will depend on factors including:

• The value of your property
• The age, size, and condition of your property
• Location
• The contents of your home
• Replacement value or actual cost (method of compensation)
• Amount of deductible selected

The insurance company will consider these factors when calculating your premiums and will also look into your history of previous claims. For instance, a homeowner with zero claims can get a lower premium.

Would you like to get a better idea of how much your home insurance will cost? Request free and no obligation quotes by filling out the form on this page.

Tenant or Renters’ Insurance

If you are renting your home, you also need insurance called tenant or renters’ insurance. This type of insurance is not for the building but for your personal belongings in the home. (furniture, appliances, clothing, jewelry, devices, etc.)

Your landlord has landlord insurance that covers the structure or building but it does not cover your belongings. In the event of a fire, theft, or water damage, your landlord’s insurance will not compensate you for your loss. Hence, you need insurance to make sure you have the money to replace whatever is lost.

Tenant insurance also pays for several other expenses such as:

• Loss or damage of your belongings from your rented apartment
• Loss of your personal property stolen inside your car
• Damage you cause to your rented apartment or home due to an accident
• Injuries of visitors while in your rented home
• Certain living expenses such as accommodations while you are temporarily unable to live in your apartment or rented home due to a loss included in your insurance policy

It is clear that this type of insurance will help you avoid huge financial losses regarding your housing. Most importantly, tenant or renters’ insurance is significantly cheaper than homeowners’ insurance. In fact, it can cost you only $15 a month, depending on the coverage you choose and liability.

How does condo insurance work?

If you own a condo, you will need condo insurance. It is different from home insurance in that it covers damage or loss of your condo unit. It also has a personal liability coverage for injuries to persons visiting your unit or for damage you cause accidentally to other units.

The condominium corporation has a master insurance policy that pays for covered risks to common areas and the external structure. It will not compensate you for the loss or damage of your personal belongings and additions or improvements you make to your unit.

For your peace of mind, it is highly advisable to have condo insurance.

Ways to Cut Down on Home Insurance Premiums

You may not know it but insurers offer different home insurance premiums based on various factors.

The location of your home, age and condition of your home, your credit rating, and your claims history influence how much you pay for home insurance.

There are a few ways you can save on home insurance, including:

• ✓ Taking steps to make your home safer such as installing a monitored alarm system
• ✓ Upgrading your home’s electrical and heating systems to lower the risk of fire and other accidents
• ✓ Maintaining a clean credit rating
• ✓ Obtaining insurance bundles for home, auto, and life insurance
• ✓ Comparing multiple quotes online with Compare Insurances Online

Homeowner’s insurance, co-owner insurance or condo insurance are available for protection of your most important asset – your home.

Learn more about the best home insurance coverage for your home in Montreal-South Shore. You can receive the best insurance quotes and speak to your preferred broker or insurer for more advice.

How much does home insurance cost in Montreal South Shore?

Unfortunately, there is no definite answer for this question because your home insurance premium will depend on factors including:

• The value of your property
• The age, size, and condition of your property
• Location
• The contents of your home
• Replacement value or actual cost (method of compensation)
• Amount of deductible selected
• Etc.

The insurance company will consider these factors when calculating your premiums and will also look into your history of previous claims. For instance, a homeowner with zero claims can get a lower premium.

Would you like to get a better idea of how much your home insurance will cost? Request free and no obligation quotes by filling out the form on this page.

Cheaper Auto Insurance in Montreal-South Shore

Quebec is aptly called “La Belle Province” and it makes driving here pleasurable because of the scenery.  It is not, however, exempt from driving accidents and damage to property due to automobile accidents.

Auto insurance prices are cheap in Quebec compared to other parts of Canada. In Montreal South Shore, our partner insurers offer very competitive premiums to consumers who shop for auto insurance online.

Quebec has a no-fault policy which prevents anyone from being sued due to injury caused by a vehicular accident. Every driver needs public insurance from the SAAQ which compensates injuries to third parties.

Private auto insurance issued by insurance companies cover damage to another person’s vehicle or your own vehicle (optional) under a direct compensation scheme. It will also cover liability for injuries if the accident happens outside of Quebec. The minimum liability coverage from private auto insurance is $50,000.

The mandatory private auto insurance requires legal liability for property damage to another individual in Quebec wherein the insured is at fault. It also requires coverage for damage to property and injuries to another person if the collision occurs outside the province.

This system enables auto insurance premiums to be cheaper than anywhere else in Canada. According to the Insurance Bureau of Canada (IBC), auto insurance premiums in Quebec cost $717 a year on average. Montreal residents as well as those in urban areas pay a bit more than residents in rural Quebec.

Standardized Policies for Auto Insurance

Auto insurance policies in Quebec province use a standardized policy approved by the Autorité des marchés financiers (AMF)​​.  This means vehicle owners have the same contract for auto insurance with only the amount of coverage varying based on consumer preferences.

Factors that Influence Auto Insurance Premiums

In Quebec, insurers determine your auto insurance premium using factors that include:

• Age and gender
• Your vehicle’s mileage
• Length of driving history
• Driving record
• Vehicle usage (personal, leisure, commercial)
• Violations of Highway Safety Code
• Any history of vehicular accidents
• Driver’s training

Statistics show that auto insurance rates are the lowest in Quebec compared to other provinces. In Quebec, the public insurer (Quebec Automobile Insurance Corporation) is restricted to bodily injury coverage. Individuals also have private coverage from insurers for material damage to their automobile as well as civil liability.

How to shop for affordable auto insurance

Compare Insurances Online allows you to fill-out a request form with your driver and personal information which is forwarded to leading insurance companies.  You then receive 3 free auto insurance quotes that you can compare to choose the best policy at the best price.

Although auto insurance premiums are cheaper in Quebec province, you can still save more money when you buy auto insurance using Compare Insurances Online.

Frequently asked Questions about Home, Auto, and Life Insurance

We want to help you understand your insurance needs and how to choose the best insurance products for your protection.

Below you will find frequently asked questions about home, auto, and life insurance in Montreal South Shore that can guide you in your insurance choices.

Who is covered by a home insurance policy?

A home insurance policy covers you and the immediate members of your family living with you. It protects you from risks of damage and liability related to your home.

What is the recommend amount of home insurance in Montreal?

Many home insurance policies have a minimum coverage of $100,000 for liability but you can get a higher amount.  Most homeowners get $300,000 or higher for liability. The insured amount for your structure should be equal to the amount needed to replace it in case of damage. If it will cost $1 Million to rebuild your home, that should be your insured amount. Of course, it can also depend on your level of tolerance and your budget. Getting a lower insured amount will mean lower premiums but you are at a higher risk for loss in case of fire or damage as you will pay for any excess amount after your insurance benefits.

Who is the best home insurance company in Montreal South Shore?

The best home insurance company will not be the same for everybody. The important thing is to find the right coverage for the best price that meets your needs and your budget. You should shop around, compare multiple offers and carefully review the terms and conditions to make sure your individual criteria are met. Use our online request form to receive free quotes to find the best home insurance company FOR YOU!

What does contents insurance from home insurance cover?

Home insurance covers not only the structure of your home but its contents as well. Your insurer will require an updated list of belongings in your home (furniture, clothing, electronics, equipment, etc.)

Very expensive jewelry and art and other collections will likely need a separate cover.

How does home insurance work if you have a mortgage?

If a homeowner with a mortgage files a claim due to damage (such as in a fire), the insurance company will pay the lender the balance of your mortgage.

Does all-risk home insurance cover all types of damage?

No, despite its name, all-risk or comprehensive insurance does not cover all types of damage. There are exclusions listed in the policy which may vary from one insurer to the next. Damage due to wear and tear is not covered as well as earthquake, ground movement, civil unrest, etc.  Water damage may need an endorsement (for an additional price) such as water seepage or sewer back-up. Check the wording of the policy as it varies also among insurers.

Is funeral insurance also life insurance?

Funeral insurance is also life insurance and is designed for seniors who want to buy life insurance to cover end of life expenses such as funeral or burial expenses. This type of insurance is more expensive than term life insurance (because policyowners are usually older and in poorer health). The available insurance amounts are also typically lower than regular life insurance.

Can I convert group life insurance to personal life insurance?

Yes, you can convert group life insurance to personal life insurance before you quit or retire from your job. The premiums will be higher but your coverage can continue. You will need to speak with the insurance company within a specified deadline (30 days before your last day), depending on the company. It is best to get more information from the group insurance representative of your office.

Does credit score affect my insurance premiums?

Quebec insurers use credit-based insurance scores to set auto insurance premiums. They can also be used for home insurance. Wondering why the insurance company wants to know your credit score for home insurance? Insurers believe that your repayment behavior indicates your ability to maintain and improve your home. If you have a high credit score, you are less likely to file a claim.

What should I look at when comparing insurance quotes?

When comparing insurance quotes, it is best to check level of coverage, insured amount, and cost of premiums. A lower premium does not generally mean a better quote unless you make an apple-to-apple comparison. You also need to look into the insurer’s reputation for customer service and payment of claims.

Does auto insurance cover loss due to a flood?

In general, insurance companies regard a flooded car to be “total loss”. Owners are compensated if they add Section B on their insurance policy. Section B3 is for accident without collision and Section B1 is all perils. If you did not add Section B (coverage for your own vehicle), auto insurance will not compensate you for damage to your car.

Our Partner Insurers Serve All of Montreal South Shore

No matter where you live in Montreal South Shore, our partner insurers can provide your insurance needs.

Once you request for your free insurance quotes, you can begin to compare costs and insurance benefits from at least 3 insurers so you can choose your best package.

Take advantage of affordable premiums for your home insurance, auto insurance, or term life insurance needs today. Great premiums are available with just a few clicks.