Isn't it nice that people are prepared to share their consumer experiences and knowledge so you can save and invest more of your hard earned money. Feel free to share this knowledge base with friends, family and co-workers.
Hello and welcome to another consumer tip, courtesy of your friends here at Canadian Mortgage Finders. The other day I was renewing my home owner insurance policy and the consultant made reference to a companion manual that covers some 36 different scenarios where I would not be covered for insurance but might have thought I was. Not ever having received this companion manual I requested a copy and upon reading the fine print decided there was at least one point worth sharing. It has to do with whether or not you are covered if you leave your home unattended . It's pretty common to leave your home for a week or more. Many of us let our neighbours know we are going to be away and kindly ask them to keep an eye on the home. Here's where the fine print gets interesting. Let's say that I 'm away for 4 or more days and a water pipe breaks causing damage. If I have not had someone checking the house inside on a daily basis I would not be covered for the damage. A couple of things come to mind, if you don't want or can't have someone come in on a daily basis, find your water shut off value and turn the water off while you are away, second check your own policy as the 4 day period I referred to may be longer or shorter in your case. Hope that helps keep you covered.
Thanks for watching and remember we're never too busy to help a friend in need, review their mortgage