Replacement Cost will replace items or property on a like, kind and quality basis. Actual Cash Value will reflect the current market value and life expectancy of the item.
Flood for homes and residences has only been recently added as an optional coverage. But not with all insurance companies. You will need to contact our office to confirm the availability. Flood for commercial risks has always been available but is an option similar to adding the peril of Earthquake.
Construction material is not covered by the typical Homeowner policy. Minor improvement such as painting, changing of carpeting, flooring and tile work does not need to be disclosed but if a contractor is being used, you should be asking that they have a current Liability policy. And if major renovations are being done you will need to discuss this with your Broker.
The current rate for ICBC financing is 2.5% plus a $15.00 initial setup fee.
The information you provide will be maintained in our password-protected and encrypted database to enable us to communicate with you as required. We will keep this information confidential within our company. Despite implementing strict security practices, nothing is 100% effective. If you wish this information you are entering to be removed from our database, please email us separately.
Contact Us
Phone: (604) 888-5042
Toll-Free: (877) 888-5044
Email: info@homesteadinsurance.ca
#103 – 8850 Walnut Grove Drive
Langley, B.C. V1M 2C9
Opening Hours
Monday-Friday: 9:00 AM - 5:00 PM
Saturday: 9:00 AM - 4:00 PM
Sundays & Holidays: CLOSED
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