Home Insurance
Your home, whether it’s a Single family residence, Duplex or Condominium is most likely the most expensive property you may ever own. That’s why the Insurance protecting it should be reviewed with a clear understanding of what you have purchased.
Not all polices are created the same and can range in price, and not all companies are the same either. Their coverage can change between demographic areas, home values, types of protection and even age groups.
At Homestead we work hard to tailor the policy to the client’s needs and their individual circumstances.
Homeowner Q & A
What value do I need for the insurance on my home?
How much is the Earthquake Deductible and how does it apply?
I run a business from my home, how is this covered?
What’s not covered?
Common Myths
A common myth is insurance excludes ‘Acts of God’. This is not true as what’s not an act of god? Windstorms are covered; Falling trees are covered; Your brother In-law spills red wine on your white wall to wall carpet could be covered; Hitting him in the head with a frying pan, would not be covered.
High Value Homes/Replacement Values
Your insurer will likely want to conduct a valuation of your home in order to set the right replacement value and coverage level. Unlike an appraisal, this does not determine the market value of the property but rather the likely cost to rebuild the dwelling and other structures in the event of a complete loss, to original standards.
Liability–In the Home and Away From the Home
Liability insurance is part of your homeowner policy. It protects against third party claims for bodily injury and property damage caused (Unintentionally) by you even when you are away from home.

Examples at Home:
- Lawnmower picks up a rock and hits your neighbour’s window
- Your dog bites someone
- Limbing a tree and a branch lands on your neighbour’s car
Examples Away From Home:
- Your arrant golf ball hits a fellow golfer or their property
- Run someone down while skiing
- Cause damage to someone’s home (accidentally)
These acts do not automatically make you responsible. Personal Liability will also cover the ‘Cost to Defend’ as well as any punitive or compensatory judgements.