November is Financial Literacy Month in Canada, and it’s a great opportunity to understand a bit more about the finances we put into our homes, and that includes home insurance. According to Insurance Bureau of Canada (IBC), half of Canadians want to better understand home insurance. Further to that, 90% of Canadians think it’s important that their children learn about home insurance as well.
Could you possibly afford to replace absolutely everything you own? Recovering from even a partial loss, like having your home broken into and many possessions stolen, would cost more than most people could manage on their own. Home insurance protects you from having to pay out a huge amount at once, often at the very worst time emotionally.
If you’re looking for more information on home insurance and how to better educate yourself on it, you can visit the IBC website here. If you have financial questions about homebuying or home insurance, I’d be happy to share my knowledge and resources with you, so feel free to contact me. Alternatively, you can always reach me on Twitter as well.
