Home Insurance in Airdrie

The housing market in Airdrie is considerably more affordable than in Calgary, and the area appeals to young families with small children who don’t want to raise their kids in a big city. Airdrie is close enough to benefit from all of Calgary’s amenities and far enough out not to deal with the crowds. With its population hovering just under 30,000, Airdrie residents still get to enjoy that small-town charm.

How do I get home insurance in Airdrie?

Shopping for a new home in Airdrie can be a lot of fun for your family. When purchasing a new home, the last thing on your mind is home insurance coverage, but it isn’t something that should be forgotten. Protecting your new home with property insurance is an extremely important thing to do.

BrokerLink is here to help. We are a full-service insurance brokerage specializing in Alberta home insurance and can answer any questions you may have. Here is everything you need to know about Airdrie home insurance, from the perils of homeownership to the best ways to reduce your premium.

Get the right type of coverage for your Airdrie home insurance

As many homeowners know, homeownership comes with risks. Based on where you live, the types of risks you may run into can vary. Here are some issues you could encounter as an owner in Airdrie:

1. Sewage pipe backup

Your home and its belongings could sustain serious damage as a result of a backed-up sewage system. There are a few reasons why sewage pipes back up, including clogs, outdated lines, and municipal system overflows.

2. Cold weather leading to burst pipes

Residents of Airdrie are well acquainted with its extreme cold weather. Even if you consider yourself a winter enthusiast, it's crucial to understand how the cold might affect your house. Your pipes can freeze when the temperatures fall below zero. This may result in your pipes bursting, which is one of the most frequent wintertime causes of property damage.

3. Fire

Smoke detectors are now required in all homes, drastically reducing the frequency of fires. A simple oversight, such as forgetting to turn off an appliance or blowing out a candle, can, however, start a fire. Even a tiny fire can cause a lot of property damage.

What is covered in my home insurance policy in Airdrie?

Alberta does not require homeowners to have a home insurance policy. However, there are times when homeowners may still need to purchase property insurance in Airdrie. Home insurance is often a requirement of many mortgage lenders as part of their loan agreement. Likewise, some landlords in Airdrie may require tenant insurance before approving a rental application. To learn more about property insurance in Airdrie and what their policies include, keep reading:

1. Home or dwelling coverage

The physical structure of your house in Airdrie is covered by dwelling coverage. You might be covered under the dwelling section of your home insurance policy if an insured peril causes damage to your property. Examples of common perils covered by dwelling insurance include fire and smoke damage, wind damage, falling objects, and more.

2. Contents coverage

Your possessions within your home are covered by contents coverage. Furniture, electronics, jewellery, clothing, athletic equipment, and other belongings can be insured by contents insurance in the event of damage or loss.

3. Personal liability coverage

This can be useful if a visitor is hurt while they are visiting your property. You can be held accountable in such a situation and liable for all costs, including medical and legal bills. Alternatively, the personal liability section of your home insurance plan may assist in offsetting these costs. It might also protect you if you cause damage to a neighbouring house.

Additional Airdrie home insurance coverage

Basic home insurance coverage is enough for some, but it is not always enough for others. Fortunately, we have several add-on coverage types for Airdrie homeowners to choose from. We’ve highlighted a few examples below, including business coverage, equipment failure coverage, and sewer backup coverage:

1. Business coverage

If you run a company from your Airdrie home, you should consider adding business insurance. In Alberta, the majority of standard home insurance policies will not cover any damages caused by home businesses. Therefore, unless you buy the business coverage add-on to include in your policy, your insurance provider might not cover something that occurred as a result of your home company.

2. Equipment breakdown coverage

Should a piece of equipment within your house fail suddenly or without warning, having equipment breakdown coverage could be crucial. Equipment such as kitchen appliances, a washer and dryer, your HVAC systems (air conditioner, furnace, heat pump, etc.), or any home security systems may be covered by this kind of insurance. Although not often included in regular home insurance policies in Airdrie, this additional coverage may be beneficial, especially if you consider how costly it can be to repair or replace damaged home furnishings.

3. Sewer backup coverage

Some residents in Airdrie might choose to upgrade their homeowner's insurance to include sewer backup coverage. The expense of repairing damage to your house brought on by a sewer backup may be partially covered by adding this coverage to your insurance policy.

Please be aware that the extra insurance protections mentioned above are often added as riders or endorsements to current house insurance policies.

What isn’t covered?

Since standard home insurance policies vary based on several factors, you may find that your home insurance doesn’t cover everything. Therefore, it is important that you consult with your insurance provider to ensure that you fully understand what is and isn't covered by your insurance policy.

Here are a few scenarios in which you might find yourself without coverage:

1. Uninsurable perils

Insurance companies normally do not offer coverage for what's known as an uninsurable peril as it is something that has a high probability of happening. For instance, it's doubtful that you would be able to obtain flood coverage if your house is in a region that has frequently flooded in the past.

2. Wear and tear

If you fail to maintain your house and let it get into disrepair, your home insurance policy can be voided. For instance, your insurance provider can decline to cover water damage as a result of missing shingles or broken windows.

3. Vacant home

It’s imperative that you let your insurance provider know when your property will be vacant for 30 days or more. Your insurance provider can request that your house be checked on once every 72 hours if it will be empty for longer than 30 days. Otherwise, your current Airdrie home insurance provider might not cover your home if a loss or damage happens while you’re away. Therefore, don’t forget to reach out to your insurance broker to speak to them about vacant home insurance policies before you leave on a long vacation.

4. Home sharing

Many homeowners have started renting out their homes as a way of earning extra income. Platforms like Airbnb and VRBO helped popularize this “home-sharing” idea. While house sharing can generate monthly income, it can also violate your homeowner’s insurance policy should you neglect to notify your insurance advisor.

5. Renovations

And finally, if a renovation causes property damage, your house insurance policy might not protect you. We advise notifying your insurance broker as quickly as possible if your house is having renovations because new features can affect how much your homeowner’s insurance will cost. It can also increase the value of your home, you should always make sure you have adequate coverage for the value of your home, no more, no less.

How can you save on home insurance in Airdrie?

If you have a mortgage in Airdrie, chances are good your home insurance was a stipulation of your lender. This means that, as long as you are paying off your mortgage, you probably won’t be able to get out of having it. But don’t worry, there are ways you can keep the cost of your home insurance premiums as low as possible. Check out our suggestions for saving money below:

1. Bundle multiple policies and save!

You may save 15% on each policy by bundling your Airdrie home insurance with other policies, like business or auto insurance.

2. Install a security system

A professional home security system setup might help you save money. Due to the additional layer of protection they provide, several insurance companies provide discounts to homeowners who install certain security systems. Before making a purchase, check with your insurance broker because not all security companies are accepted by insurance providers.

3. Upgrade your home

Your insurance premiums may be reduced with the help of certain home improvements. Updating your roof, electrical wiring, or plumbing could lower your insurance costs, this makes for less risk of a loss If you make any of these changes, don’t forget to inform your insurance company.

4. Increase your policy deductible

A simple strategy to lower your insurance costs is to raise your Airdrie home insurance deductible. And not just for your home insurance, but any insurance deductible. Higher deductibles frequently result in reduced premiums, whether the insurance is for a car, home or business. This is because raising your deductible means you are taking up a larger share of the risk To learn more and get a professional opinion on whether you should increase your deductible, contact BrokerLink.

5. Pay annually instead of monthly

Administrative fees are sometimes tacked on to each payment you make by insurance companies. For monthly installments, some insurance providers charge between 2% and 5%. Therefore, you’ll likely save money by paying off your insurance in one payment rather than twelve payments. If you can choose between paying for your Airdrie house insurance coverage annually or monthly, be sure to enquire about any involved fees.

6. Avoid purchasing a house with a pool

Swimming pools provide a significant liability concern, especially those that are unfenced. Therefore, keep in mind that your insurance rate will likely increase if your home has one.

7. Buy a house near a fire hydrant or fire station

People whose properties are close to fire hydrants or fire services may qualify for savings from certain insurance carriers. Consult with a broker if you want to lower your house insurance costs and you live close to emergency services like a fire station. Your broker can provide you with information on the exact requirements needed to be eligible for this discount.

8. Advise your insurance company when you pay off your mortgage

Many insurance companies offer discounts to those who are mortgage free, this shows that you are financially responsible and less likely to make a claim or have a loss. Companies want to reward you for being a responsible homeowner by giving you a mortgage free discount.

9. Consult with a BrokerLink insurance advisor

And finally, we encourage speaking with a BrokerLink insurance expert to help you reduce the cost of your Airdrie home insurance. Our team at BrokerLink is fully licensed and committed to finding our clients the best available policy. We will take the time to learn your unique requirements in order to locate you the best home insurance in Airdrie that fulfills your needs.. Additionally, we handle the legwork for you, making purchasing home insurance smoother than ever. Go no further than BrokerLink if you desire an expert at your disposal who will compare prices and find savings on your behalf.


Is Airdrie home insurance mandatory?

You may need home insurance in order to apply for a mortgage or rental unit in Airdrie, but Alberta does not mandate it. Because of this, many Airdrie homeowners end up purchasing home insurance (or tenant insurance) anyway when they want to apply for a mortgage or hand in a rental application. Contact BrokerLink if you want to learn more about home insurance requirements in Airdrie.

Three reasons to work with a BrokerLink insurance advisor

Browsing for Airdrie home insurance might be confusing, considering all of the options available. BrokerLink can help with that. With the support of our unmatched resources and first-rate customer service, we make the process of buying house insurance simple. Discover three advantages of dealing with a BrokerLink insurance advisor below:

Brokers work independently of insurance providers

The fact that insurance brokers operate independently of companies in the insurance industry is their first advantage. Because of this, BrokerLink is able to prioritize the needs of our customers, always. We pay close attention to your particular requirements and offer unbiased, candid advice on the best possible coverage for your house.

Brokers do the work for you

We get that researching house insurance policies is probably the last thing you want to do after a long day of work. That's why insurance brokerages like BrokerLink have brokers who can do it for you. They compare prices on your behalf by getting in touch with the best insurance companies in Canada to get quotes. Then they compare them and find you savings to give you affordable, high-quality policy options.

Brokers are home insurance experts

Lastly, we are home insurance experts. With a history dating back to 1991, BrokerLink is well-experienced in all facets of the home insurance market. We will pair you with a competitive policy that offers excellent coverage using our extensive resources and experience.

We’re in your community

A major part of what defines us is our involvement in the community. We are local residents, and we enjoy meeting our neighbours!

Local Alberta insurance links

If you’re a member of a group or association, you may be eligible for more discounts.

Get a competitive home insurance quote in Airdrie!

We are aware that there are numerous factors to consider when it comes to home insurance, especially if you are also in the process of purchasing a home! BrokerLink is available to help you through the process. You can rest easy knowing that your most important asset is safe.

You can get in touch with us over the phone, via email, or in person at any of our locations across Alberta. One of our BrokerLink insurance experts will be pleased to help you with a customized home insurance quote. We also invite you to use our free online quote tool, which will provide you with a competitive price in just a matter of minutes!

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What are the benefits of Airdrie home insurance?

In Airdrie, homeowners are not required to have home insurance, but doing so has many advantages. Specifically, good home insurance coverage may shield both you and your belongings against third-party liability claims and safeguard your house and its belongings from property damage. Depending on the specifics of your policy, in the event of a sewer backup, equipment failure, or commercial use, it might also protect you. In the end, having a house insurance policy can prevent you from having to pay for losses or damages with your savings.

What risks does home insurance cover in Airdrie?

Depending on the policy you buy, certain risks may be covered. You may be protected against events like theft, fire, and certain weather damage, based on your policy.

How much does home insurance cost in Airdrie?

There are different levels of home insurance rates in Airdrie. Your claim history, your neighbourhood, how much your property is worth, how big it is, how many people live at your property, plus your policy limits, deductibles, and coverage types are some of the things that will affect the cost of your home insurance.

For more FAQs, visit the BrokerLink FAQs page.