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Home Insurance Application Questions

What Information Do You Need Before Requesting a Quote?

What information do you need for requesting a quote

Personal Information

When applying for home insurance, we need to understand who will be occupying the property and who is on the title. This affects your coverage needs and is essential for mortgage requirements. Providing accurate information helps ensure your policy is valid when you need it most.

Have these details ready:

Full names and dates of birth of all homeowners and occupants
Previous insurance history (policy numbers, insurance companies, effective dates)
Details of any previous insurance claims
Mortgage lender information and your lawyer’s contact information
Previous addresses from the last five years

Property Information

The specific details of your home help insurance providers determine its rebuilding value and assess potential risks. You may be able to get some of this information from your realtor or home inspector.

Key property details needed:

Possession date (when your insurance needs to start)
Complete property address, including postal code
Year the home was built
Details of any major renovations
Square footage of the home
Style and shape of the home (bungalow, split-level, rectangular, L-shaped)
Exterior materials (vinyl siding, stucco, etc.)
Roofing material and when it was last replaced
Interior details (number of bathrooms, finished basement, etc.)
Information about plumbing, electrical, and heating systems
Details about any loss prevention measures (sump pumps, backwater valves)

Pro Tip: To help collect this information systematically, download our → fillable PDF form designed specifically for gathering the necessary details for your home insurance application.

Factors That Affect Your Home Insurance Premium

Location Considerations

The proximity of your property to a responding fire hall significantly impacts your insurance rates. Properties within city limits, like Regina or Saskatoon, are automatically considered “protected.”

If your property is in a town, on an acreage, or in farmland, you’ll need to know:

Distance to the nearest responding fire hall
Whether fire hydrants are nearby

These factors can substantially affect your premium and available coverage options.

Additional Factors That Can Impact Your Quote

Potential Discounts:

Monitored alarm systems (provide a certificate for verification)
Claims-free history
Loyalty to an insurance provider
Credit score

Items Requiring Special Coverage:

High-value jewelry, artwork, or collectibles
Specialized equipment
Home businesses or commercial activities on the property

How to Compare Home Insurance Quotes Effectively

To find the best coverage for your needs at the most competitive price, follow these steps:

Review your current policy, if you have one, to identify any gaps or unnecessary coverage
Provide identical information to each insurance provider for accurate comparisons
Request the same coverage options across all quotes to compare “apples to apples”
Understand what is not covered by reading exclusions carefully
Ask about additional coverage options for specific risks in Saskatchewan:
- Overland water protection
- Sewer backup coverage
- Service line coverage

Remember: The lowest price isn’t always the best value. Consider the company’s reputation for claims service, coverage breadth, and financial stability.

Common Misconceptions About Home Insurance

“All insurance companies charge the same rates.”

Unlike some auto insurance, home insurance premiums are not government-regulated. Different providers can set their own pricing based on their risk assessment models, which explains why quotes can vary significantly.

“Insurance policies are automatically transferred when you move.”

When you sell your home, you are responsible for cancelling your policy. Your mortgage company won’t do this for you. Failing to cancel a policy properly can result in:

Continued billing for coverage you don’t need
Potential “black mark” on your insurance history for non-payment
Difficulties obtaining coverage in the future

Always request a formal cancellation by signing a cancellation form with your provider.

“The quoting process should be quick and simple.”

Finalizing an insurance policy can be complex, especially during peak seasons. Underwriters need time to review applications thoroughly, which protects both you and the insurance company. Patience during this process helps ensure you get appropriate coverage.

Next Steps to Secure Your Home Insurance

Now that you understand what’s involved in obtaining home insurance quotes, you’re better equipped to secure the right coverage for your Saskatchewan home. Here’s what to do next:

Gather all the necessary information outlined in this guide
Contact our team for personalized assistance with your quote
Review your options with one of our experienced advisors
Select the coverage that best protects your new home and gives you peace of mind

We’re here to help: Our team specializes in Saskatchewan home insurance and understands the unique challenges and opportunities in our local market. Contact us today to connect with an advisor who can guide you through the process.

Download our → fillable PDF form explicitly designed for gathering the necessary details for your home insurance application.

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