How to Avoid Costly Home Insurance Mistakes
Description
How to Avoid Costly Home Insurance Mistakes
In this week’s episode of the Ottawa Real Estate Podcast, we cover the shift happening right now in the Ottawa market. Are we seeing the return of multiple offers? We also discuss the surge in new mortgage originations and how east and west Ottawa compare in this evolving landscape.
We’re also joined by Brian Powell from BIG Insurance to talk about everything homeowners need to know about insurance: from what your policy actually covers to the benefits of using an insurance broker. We break down deductibles, premiums, and how to handle claims. Plus, we talk interest rates, the potential for another Bank of Canada rate cut, and how upcoming tariffs might shift market dynamics.
00:00 Introduction
01:39 Italian Fest Watercolor Class
02:22 Viewer's Comments on Paul Rushford's Episode
03:13 Ottawa's East vs West End
04:48 Multiple Offer Situations
06:23 The Current State of the Real Estate Market
08:17 New Mortgage Originations are Way Up This Year
09:49 First Time Home Buyers Are Returning to the Market
11:09 Introducing Brian Powell from BIG Insurance
11:34 Understanding Insurance Policies and Coverage
12:12 Different Types of Insurance
14:03 What Does Home Insurance Cover?
16:38 Navigating Insurance Renewals and Shopping
19:47 Calculating Insurance Premiums and Factors
21:29 Balancing Deductibles and Coverage
22:00 Navigating Insurance Claims Effectively
22:54 Benefits of Working With an Insurance Broker
23:47 The Role of AI in Insurance
24:52 Understanding Home Insurance Challenges
25:26 What Are Things that Insurance Companies Won't Cover?
27:47 Market Insights and Economic Trends
28:42 Will the Bank of Canada Cut Rates Again?
31:35 Will Tariffs Change the Market?
32:21 Mood Boosts
Get in touch with us!
Paul Stevenson - Mortgage Agent Level 2
CENTUM Financial Services LP
Email: paul@paulstevenson.ca
Phone: 1-613-263-4543
David Warren - Mortgage Agent Level 2
Referral Mortgages
Email: david@referralmortgages.com
Phone: 1-613-686-6003
https://www.referralmortgages.com
Brian Powell
BIG - Billyard Insurance Group
Email: contact@thebig.ca
If you have a question or topic you'd like to hear us discuss send us an email at: theottawarealestatepodcast@gmail.com or leave us a comment below!
New Episodes of the podcast are available on Wednesdays at 10AM on all podcast services and at www.theottawarealestatepodcast.com
Brought to you by Referral Mortgages, PaulStevenson.ca, Guertin/Poirier Avocates Lawyers, CENTUM, BIG - Billyard Insurance Group.
United States
