PLEASE NOTE

Due to changes in the insurance market over the last year, and the continued “Hard Market” environment, we regret we are unable to offer new quotations for properties that are considered by the insurance companies as High Risk at this time.

Expertise for "High Risk" Home Insurance

Have you been labelled "high risk" with your insurance company and now are having difficulty finding insurance at an affordable price? Having high quality insurance in place for your home and belongings is important. Our insurance experts will provide you the correct advice and find you affordable coverage. Unfortunate experiences shouldn’t leave you stranded.

What is "High Risk" Home Insurance?

If you have had insurance issues in the past you could be labelled as high risk. If you have had insurance issues in the past you could be labelled as high risk. This means you will need to get coverage from an insurance company that specializes in high risk home insurance. Fortunately at Hubbard Insurance Group we have the relationship with those insurance companies to get your covered at an affordable price. High Risk Home Insurance is also known as Non- Standard Property Insurance and covers homes, condos, seasonal dwellings, cottages, rental property and tenants.

The Following Factors Contribute to You Being a High Risk;

Reasons related to your home

Older Homes

Older home typically require renovations. If your home has knob and tube wiring, galvanized steel plumbing, other dated building materials this will classify it as high risk and therefore you will need to place it in the non- standard property insurance market. You can reduce your premiums as upgrades are made on the home. This is why it is so important to review your property and home insurance policies with us on a regular basis.

Rural Property

Rural homes have been found to be more exposed to natural disasters such as high winds, forest fires, tornados and heavy rain resulting in flooding. As well being located on a well and having no access to a fire hydrant also places the home in the higher risk category.

Multiple Mortgages

Most insurance companies consider more than 2 mortgages a high risk requiring the home owner to have high risk property insurance.

Vacant Dwelling

A vacant premise is one without inhabitants or no one living there. This places the home at risk from damages as there is no one keeping an eye on the property. Insurance companies also consider rental properties with an absentee landlord in the same class as "vacant" for the same reason.

Ongoing upkeep of a property including upgrades to the home such as a frequently tested sump pump with back up battery, monitored smoke, fire and security alarms, maintenance of plumbing, heating, electrical and roofing, as well as installation of energy efficient heating and water heating appliances can assist in reducing premiums and removing your home from being labelled high risk.

Reasons related to your insurance history

Payment Related Issues and Cancellation of a Policy

Missing a payment and paying late does happen. No matter the reason; financial troubles or forgetful memory, the insurance company may choose to not renew your policy. Frequently missed payments can result in your policy being cancelled for non- payment. Once you have a credit history of Non-Payment of Premiums it can be difficult to get insurance. This may require you to explore high risk property insurance coverage.

Try to pay your premium in full on renewal to avoid this ever becoming a concern. Alternatively if you are on a payment plan, be sure to log it in your calendar, make sure the funds are available and paid on time. If you ever have a concern with your payment, contact your broker and discuss with them so arrangements can be made to avoid damaging your payment and credit history with the insurance companies.

Lapse in Coverage

A lapse or interruption of coverage can have you considered high risk regardless of the reason. There are a variety of reasons your coverage may have lapsed. Let us help you find the best coverage for you.

Previously Uninsured or No History of Insurance

If you have had no prior home insurance history you can be considered higher risk as there is no insurance experience record. Our brokers can review this with you and find the best coverage at the best price for you and ensure a positive insurance history.