https://padlet.com/abithan16/29yu9amg8hfa By Abithan Sivasathianathan en-us 2020-03-30 00:02:20 UTC 2025-12-02 23:38:40 UTC hello@padlet.com https://padlet.net/icons/png/1f3e1.png abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481117629 This website compares home insurance quotes to help clients find the most suitable policy at the best rate possible. The website will gather information such as location of home, home history, and occupants in home to search up more than 50+ quotes from multiple insurance companies to find you the most suitable policy at the best rate possible.

I feel that this is a very resourceful website when looking to purchase home insurance because it can help you save money by providing the lowest rate possible for your standard home insurance needs. I also feel that you gain confidence in purchasing home insurance after comparing quotes on Kanetix because it gives you an insight on your best choices possible.]]> 2020-03-30 00:29:18 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481117629 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481118121 This website summarizes what's home insurance, importance of home insurance, types of home insurance policies, optional and additional coverage's, and common activities affecting your coverage's.

I think this website provides homeowners with important information because before looking to purchase a home insurance policy you should have an idea of what benefits home insurance provides for you. Home insurance helps cover financial loss that occurs to your property or damage caused to others on your property. Another reason I'd say the information on this website is important is because it gives you knowledge on coverage's that aren't included in your policy that can be added with additional costs.]]> 2020-03-30 00:30:12 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481118121 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481118790 This website provides you with a 7 step process on how you should file a claim if your property was to be damaged, destroyed, robbed, or vandalized. In the case of a robbery or vandalism the claim would be considered an 8 step process, first step being that you call the cops immediately.

I believe this website is very resourceful because now that your most valuable asset is insured what happens when an accident occurs. You will have to file a claim. Filing your first claim is probably the most difficult and confusing process if you are doing it for the first time. I believe with the information provided on this website it eases your claim process by giving you a step by step support for filing the claim.]]> 2020-03-30 00:31:15 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481118790 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481120761 This website provides a checklist with important questions that you should ask yourself and your insurance provider before purchasing or renewing your home insurance policy.

 I believe that the checklist on this website acts as a helpful guideline when purchasing home insurance and the answer to each question will differ based on each individuals’ preferences. Some individuals may even neglect some of the questions in this checklist which is totally fine as everyone has their own preferences for coverage and benefits, they want from home insurance. I think this checklist can also help you save money by answering questions such as "Is there a deductible?" which can help you keep in mind the higher the deductible the lower the premium.]]> 2020-03-30 00:34:28 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481120761 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481120839 This video provides a brief summary of general factors that affect and determine the cost of home insurance. Factors that affect and determine the cost of home insurance are age of home, reconstruction cost, claims history, home location, distance to fire department, potential hazards, and safety features.

I chose this video because the visuals were appealing and the information was delivered in a brief and understandable manner. I also believe the content in this video is very resourceful when purchasing home insurance as you will gain a better understanding on choosing the most effective policy at the best rate possible.]]> 2020-03-30 00:34:39 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481120839 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481122664 This video provides a brief summary of what coverage's are included in your standard home insurance policy. The standard home insurance policy provides property coverages and liability coverages. Property coverage's include dwelling, other structures, personal property, and loss of use. Liability coverage's include personal liabilities and medical payments.

I chose this video because it was very simple and brief. The visuals and information of the video were also delivered in an appealing and understandable manner. They also explain that some of the exclusions in the home insurance policy include flooding and that it can be added to your policy for additional costs if you're located in an area with higher risks of flooding.

]]> 2020-03-30 00:38:11 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481122664 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481122740 In this video they discuss 5 common major mistakes homeowners make that can affect your home insurance coverages and liabilities. The 5 common major mistakes consist of failing to get permit for renovation, hiring unlicensed professionals for renovation, starting business from home, unattended home while on vacation, and major renovations not reported to insurer.
 
  I chose this video because it teaches you activities that homeowners should avoid before consulting an insurer or a professional about it to avoid financial losses from being under insured. One thing I found interesting and think is a very common mistake is renovating your home and not having enough insurance to cover for it in the case of an incident because of the lack of communication with the insurer. I feel that many people forget to tell the insurers of the renovation or neglect the importance of the insurers knowing of the renovation causing the home to be under insured and not being able to be fully covered in the event of an incident. Make sure to report all renovations to your home to avoid financial loss.]]> 2020-03-30 00:38:21 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481122740 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481122815 In this video she provides home insurance tips that would be helpful for first time home buyers and owners. She discusses 3 important tips that helps on purchasing home insurance. The 3 important tips she discusses include comparing coverages, escrow mortgage payments with insurance payments, and evaluate risks.

I chose this video because it provides valuable tips to first time home buyer/owners on how and where to start when finding, evaluating, and purchasing home insurance for the time. One new thing I learned from this video was combining monthly insurance payments into the mortgage payments which then your lender pays the yearly premium as well.]]> 2020-03-30 00:38:30 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481122815 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481122903 This image displays a list of contents that can be included in your household inventory documentation.
 
I find this image useful because it is easy to read and shows how you can organize and document your household inventory list. The importance of maintaining a household inventory list like in the image is to protect valuables within your household if it were to be damaged or stolen.]]> 2020-03-30 00:38:41 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481122903 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481122993 This image shows statistics of the most common home insurance claims in Canada (2017).
 
 This was an interesting image because almost 50% of the claims were due to water damage. The 10.5% hail damage also surprised me as I thought it would be lower.]]> 2020-03-30 00:38:53 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481122993 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481124846 1. What did you learn about your topic that surprised you the most?

One thing that surprised me the most about this top was that leaving your home unattended can affect your insurance which sounded a little odd. After more research I understood that if you were to leave your house vacant for a long time while on vacation or something insurance would not cover any incidents that occur during that period and will be your primary responsibility for any losses. 

2. Provide a real-life example of how this topic is relevant or interesting
for you.

I think home insurance is a relevant topic to me because maybe 10 years after I'm out of school I want to be able to purchase my own house. Once I find a home to purchase, I will have to go through the whole process of finding a home insurance policy that offers me the most suitable and best rate possible. I feel that some of the resources from this assignment can help me with that. That's why home insurance is a relevant topic to me.

3. If you could pass on your knowledge to a family member or friend, what
do you think is the most important thing to pass on?

I think the most important information I would pass on to my family or friends is to let their insurers know of their new renovations to their home so that they are not under insured if any damages were to occur.

]]> 2020-03-30 00:42:23 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481124846 abithan16 https://padlet.com/abithan16/29yu9amg8hfa/wish/481151857 Welcome to my padlet! Here you will be provided with useful resources to gain knowledge about home insurance. You'll learn about the costs, factors, benefits, and influences associated with purchasing home insurance.]]> 2020-03-30 01:33:55 UTC https://padlet.com/abithan16/29yu9amg8hfa/wish/481151857