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Your property is a valuable possession that can be better protected with preparation. Knowing you have taken preventative measures does not negate the consequences of an emergency but it can help you to sleep at night and make a tremendous difference in the event of an emergency. The tips outlined below are recommended to protect your home and its contents from disaster, including avoiding predictable water, wind and freezing damage (which are commonly uninsured perils). Creating and keeping an inventory of your possessions, building an emergency kit and insuring your home and contents are also critical components of emergency preparedness in protecting your property before disaster strikes. As a trusted home insurance broker in Edmonton, MBS Insurance will work with you to determine the types of coverage you need to keep your property safe.

Avert Water Damage

Floodwater (due to overflow from a body of water) has the ability to seep through and get into everything in its path, including finished basements floors and your concrete foundation. Installing a sump pump is fortunately relatively easy and can diminish exposure of your belongings to water damage. For a sump pump to function effectively, floor drains should be clear of obstructions. In addition, where bylaws permit, there are options to install back flow valves, plugs for drains and toilets, and other sewer connections that can prevent water from entering your home. An easy preventative measure to avoid basement seepage is to install a rain barrel to catch run-off from your roof.

In the event that water gets into your basement, you need to be prepared by elevating furnaces, hot water heaters, electrical panels and any valuables. Since water tends to flow down the walls, leaving some space between the walls and any appliances or furniture could prevent damage. Anything of sentimental value or importance should be stored securely; common sense should be used to evaluate what should and shouldn’t be kept in your basement or in areas that could be considered risky for water damage.

If you are away for more than three days, it is best to have someone check on your home daily. Water’s biggest tool of destruction is time and this can be avoided with vigilance. Only water damage arising from a sudden rupture of an indoor pipe would be covered by homeowners insurance in Edmonton. Sewer backup/water damage coverage may be purchased as an add-on to your existing policy.

Prevent Wind Damage

Protecting your home against wind can be as simple as installing resistant windows, storm shutters and reinforcing your garage doors. It may be prudent to occasionally do a visual check around your house to see if there are any loose pieces that could bang or dislodge against the property. Be additionally careful to keep trees and shrubbery well-trimmed to prevent wind damage.

Prevent Damage from Freezing

To keep water in your pipes from freezing, put insulated sleeves over exposed pipes and keep your attic floor well insulated. During cold spells, open pipe cabinets so warm air can circulate around the pipes. Damage arising from freezing outside the home is not covered, nor is melting or moving snow and ice and heaving frost. Additional coverage for damage caused by roof ice damming may be available.

Create a Home Inventory

Creating an inventory of your possessions can be extremely helpful for both home owners and tenants alike. Home inventory software is available free from the Electronic or print copies of the inventory and your other key documents should be kept in a safe deposit box or Insurance Bureau of Canada (IBC).at a trusted friend’s house or relative’s home along with pictures or video or your possessions for insurance purposes. A “personal articles floater” can be added to the insurance policy if you have particular valuables in your home that you want to insure.

Emergency Kit

Living in Alberta has the downside of a harsh environment: tornadoes, wildfires and heavy rains can cause flash flooding. For peace of mind, it is recommended that you build a disaster kit ready to take with you. Your emergency preparedness kit should include the following for a 72 hour supply: canned food, a manual can opener, energy bars and dried fruit, a gallon of water per person per day, a first aid kit, a battery-powered flash light, extra keys to your home and car, cash in small bills and change for payphones, a copy of your emergency plan and contact information, and if applicable: prescription medication, infant formula, and equipment for people with disabilities. Many additional items recommended can be found here.

Obtaining Insurance Protection

As part of preparing your property before disaster strikes, it is recommended that you obtain the homeowner’s insurance or tenant’s insurance policy coverage you need to protect your property and/or possessions against numerous possible incidents. As trusted home insurance brokers in Edmonton, MBS Insurance Brokers Ltd. can help you obtain low cost rates as we work with a wide range of insurers. We can arrange your Edmonton area homeowners insuranceauto insurance and any commercial insurance at the same time with any available multi-policy discounts. Call us at 708-436-7880 or contact us online to speak to one of insurance agents today.

How an Insurance Broker Saves You Time and Money

Do you know the benefits of an insurance broker?

Suppose you’re looking for the best insurance coverage at the best rates in Edmonton. In that case, you’ll first want to understand the benefits of an insurance broker and how they can help protect you in all sorts of different situations – whether it be saving you money, time or giving you simple peace of mind.

What Are the Benefits of an Insurance Broker?

Here are some of the many benefits of an insurance broker.

 

1. Saves Time

An insurance broker does all the work for you, so you don’t have to spend your valuable time shopping around for insurance. Instead, you simply provide your broker with information about your needs, and they shop the markets on your behalf.

 

2. Saves Money

Insurance brokers work with many different partners to find the best deals on the insurance that works for you. They take all your needs into account and make recommendations that are in your best interest. They have relationships with many insurance partners and can negotiate competitive rates and discounts, saving you money in the long run.

3. Expert Knowledge and Advice

An insurance broker provides you with the support and expertise you need to find coverage that suits your needs. They work with various products and services to find the coverage that best suits you. In addition, they can draw from an extensive knowledge base and experience to advise you on the best options. 

Insurance Brokers provide expert and unbiased advice. A wealth of knowledge about coverage and market rates combined with expert risk assessment ensures your possessions and business are adequately protected. Whether you are looking into auto insurance rates, tenant insurance, or home insurance rates, your insurance broker can help you every step of the way.

You can utilize their expertise to quickly identify your options and rely on their unbiased advice to help you make the best-informed decision for your situation.

 

4. Working For Your Best Interests

Since insurance brokers do not work with one particular company, they have nothing to gain from recommending a specific product. The insurance company also pays them a standard commission. Thus, there is no financial incentive to choose one insurer over another.

Insurance brokers have your best interests in mind. You can count on them to find you the best rate possible, which can give you the peace of mind you need. You can rest assured knowing that if you ever need to file a claim, one of our brokers will be there by your side to guide you every step of the way. They act as an advisor on insurance-related matters. They will shop the market for the best coverage and rates for you. Since fulfilling your needs is their only priority, they will provide independent, unbiased advice on the right coverage for your situation.

5. Privileged access and rates

Insurance Brokers have access to a wide selection of the best insurance companies in the country. These insurance companies are only accessible by Insurance Brokers. They do not deal with the public directly or with Direct Writers. Brokers enjoy long-standing relationships with these insurance companies. Still, they do not have an affiliation with any specific insurer, enabling brokers to provide you with a broader range of options at competitive rates.

 

6. Transparency

Insurance brokers must give full disclosure about their compensation and its effect on your insurance premium.  They are also required to declare any financial links with specific companies that may be a conflict of interest, enabling you to make the best-informed decision.

 

7. Risk and Advocacy Experience

Extensive experience dealing with different clients and claim situations equips insurance brokers with a broader perspective on how to reduce your risk. Also, in the event of a claim, you can count on your broker to act as your advocate with the insurance company and handle your claim fairly and promptly.

Speak to MBS Insurance in Edmonton about your Coverage

Reach out to MBS Insurance today to determine your home, auto, and commercial coverage options. Over the past 45 years, our experienced team of insurance brokers in Edmonton has earned the trust and loyalty of our clients by delivering superior products and services. We understand your needs and provide you with the best protection and rates.

There are many benefits of an insurance broker. We can help you understand the intricacies of your insurance plan while saving you money at the same time. We are a trusted insurance provider in Edmonton and provide personal and commercial insurance policies to people living in Alberta. We offer the best rates on recreational, auto, property, commercial, and group insurance policies. 

Contact us online for a free quote or by phone at 780-436-7880.

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This article was originally published on October 7, 2016, and updated for 2021.