Comprehensive Home Insurance Protection for Peace of Mind and Security
Whether you’re protecting a new property or safeguarding a family home, Oegema, Nicholson & Associates Ottawa can provide a range of fully customizable home insurance plans to meet your unique needs.
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Reliable Home & Property Insurance in Ottawa
Your home is one of the most significant investments you will ever make. That’s why every detail matters in protecting your investment.
At Oegema, Nicholson & Associates Ottawa, we offer tailored home insurance plans that allow you to select only the coverage you need.
We are proud to live in the communities we represent, and as your neighbours, we understand that every property is unique. Our mission is to help you achieve lasting peace of mind.
As your local, privately owned insurance team, we’re here to get you covered.
Why Should You Invest in Home Insurance in Ottawa?
While Ontario does not legally require homeowners’ insurance, most financial institutions require proof of coverage before finalizing a mortgage.
Imagine a scenario where your property experiences an unforeseen disaster. Without proper insurance, you could risk not only your home but also your financial security.
Home insurance isn’t just a mortgage requirement; it also protects your home from potential hazards, protects you and your mortgage lender by maintaining insurable interest, and provides peace of mind.
Even if the law doesn’t mandate coverage, the long-term benefits make home insurance an essential investment.
It Helps With Securing a Mortgage
For many, securing a mortgage requires demonstrating that you have reliable home insurance coverage.
Home Insurance Protects Your Home From Hazards
Whether it's fire, vandalism, theft, or flooding, comprehensive home insurance gives you the confidence to weather unexpected events and recover quickly from setbacks.
Provides Peace of Mind
Sleep better at night, knowing that your home and possessions are secured with a robust insurance policy. The right coverage minimizes risks and maximizes protection.
What Does Home Insurance Cover?
Homeowners know that maintaining your home takes an emotional and financial investment. With homeowners insurance, you can reduce stress and truly enjoy your home knowing you’re protected when you need it most.
Coverage can include:
- Personal liability in the instance that someone is injured on your property.
- The costs for temporary housing and additional expenses should your home be destroyed by a covered loss.
How Do You Calculate the Price of Home Insurance?
Home insurance is based on the estimated cost to rebuild your home in the event of a loss.
Insurers consider several key factors when determining premiums, including:
The value of your home if needed to be rebuilt
Proximity to fire services or a fire hydrant
Whether you live in a remote area
Whether you have a monitored security system
Additional coverages like earthquake, sewer backup protection, or overland flooding
Your Claims History
Coverage for high-value items like collectibles, fine art, antiques, jewellery, or musical instruments
Types of Home Insurance in Ottawa
Oegema, Nicholson & Associates Ottawa proudly offers multiple types of home insurance to meet your specific needs.
Named Perils
A basic policy that covers your home against a specific list of hazards such as fire, windstorm or hail.
Comprehensive
This policy covers virtually every risk except those explicitly excluded in the policy wordings. It offers robust protection for homeowners seeking comprehensive coverage.
Broad Form
Serving as a middle ground between named perils and comprehensive policies, broad-form insurance covers more than the limited list of perils while still including some exclusions.
What Factors Influence Home Insurance Rates in Ottawa?
Type of Home
Older homes may carry higher premiums compared to newer constructions because they can present more risks due to aging structures and systems.
Electrical Wiring and Plumbing
A home with outdated or problematic wiring and plumbing often comes with an increased premium due to the higher risk of fire or water damage.
Age of Roof
If your roof is original to an older home and hasn't been replaced, it may be time to explore roof replacement quotes, as this factor can increase your insurance costs.
Easy Ways to Save on Home Insurance in Ottawa
Improve Home Security:
Install a monitored home security system to reduce vulnerabilities.
Replace Old Wiring:
Updating your electrical system can lower the risk of fire and reduce your premium.
Maintain a Good Credit Score:
A strong credit score often translates into lower insurance rates.
Quit Smoking:
Reducing fire risk factors in the home can benefit both your health and your insurance costs.
Why Trust Oegema, Nicholson & Associates?
At Oegema, Nicholson & Associates, you’re treated like family.
Proudly serving Eastern Ontario and Western Quebec, we are committed to providing you with high-quality home insurance at competitive rates.
Whether you’re insuring your first property or seeking complex coverage for a vacation home, our experienced team is here to look out for your best interests.
Home Insurance Terms and Definitions
The insurance industry is full of terms that can be confusing. To help you better understand your policy and to support better communication with your provider, here are some definitions you should know:
The replacement cost of rebuilding your home minus accumulated depreciation.
The amount you agree to pay out of pocket before your insurance coverage kicks in for a claim.
Exclusions are items or specific risks, or types of damage that your home insurance policy does not cover. These are listed in your policy documents.
FAQs
Home replacement cost is defined as the total amount your insurance company will pay to rebuild your home if it is destroyed or damaged.
High-risk home insurance refers to coverage for properties or homeowners that present a greater-than-average likelihood of a claim occurring. In Ottawa, a home may be considered high-risk if it meets any of the following criteria:
- Previous Insurance Claims: A history of frequent or extensive claims can raise red flags for insurers.
- Older or Poorly Maintained Homes: Dated wiring, plumbing, roofing, or heating systems can increase the risk of fire, water damage, or structural issues.
- Location-Related Risks: Homes in flood zones may be considered higher risk.
- Unoccupied or Vacant Homes: Properties that are left empty for extended periods are more vulnerable to break-ins, vandalism, and unnoticed damage.
- Home-Based Businesses: Running a business from home without appropriate commercial coverage can complicate claims and raise risk levels.
- Lack of Preventative Measures: The absence of smoke detectors, security systems, or updates can affect eligibility for standard insurance.
If your property is considered high-risk, Oegema, Nicholson can help you find specialized coverage to ensure you’re protected, even when standard insurers may decline to offer coverage.
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What Our Clients Are Saying
Real stories from people who trust
Oegema, Nicholson & Associates Insurance
“One call to Oegema, Nicholson & Associates is all it took. After our basement flooded, within a day or two they had a crew cleaning everything up, taking down the drywall and itemizing everything to be cleaned, thrown out or restored. They had everything in place for us in a timely manner and were extremely patient with me as they talked me through the process and waited for me to make decisions.”
Jennifer Parks, Stittsville, Ontario
“I’ve been dealing with ONA for over 20 years with my personal insurance, as well as our commercial insurance, and I know I can rely on them for great customer service, and prompt responses. I feel confident not only referring them to my employees, but to our customers as well.”
Charlene Brunet, Butler Group of Company
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