Insurance Questions

Your insurance company will have many questions for you when you buy your home.

If you are buying a house in Lethbridge and area, your insurance company will have many questions about the house, and the condition.  It is difficult/ impossible/expensive to get insurance on a home with knob and tube wiring, a 60 amp panel, gravity furnace, poly-b and lead pipes. So those are things that you need to consider carefully when you are buying.  Here are a few questions the insurance company might ask you.

  1.  ROOF: How old is the roof?
  2.  HOT WATER TANK:  How old is it? Is it a standard tank or hot water on demand?
  3.  FURNACE: How old is it? Is it natural gas? 
  4.  WIRING/ ELECTRICAL:  Is it copper wiring?  Is it 100 amps?
  5.  SUMP PUMP:  Is there a sump pump?  How old is it?  Is there a battery backup or alarm?
  6.  BACKFLOW VALVE: Is there a backflow valve? How old is it?

 

When you have your home inspection done, it’s a good idea to ask the Lethbridge Home Inspector the answers to these questions, and of course get your LETHBRIDGE REALTOR® to ask the seller’s representative.