Home Insurance Mississauga
Find The Best Mississauga Home Insurance Rates
Need a quick home insurance quote for your Mississauga home? The Ambroziak & Rao team has been insuring the homes of Mississauga residents since our inception in 2009. Some of the home insurance products we offer are:
- Homeowners Insurance
- Condo Insurance
- Rental / Investment Properties Insurance
- Tenant / Renters Insurance
- Cottage Insurance
- Landlord Insurance
Our top rated Mississauga insurance brokers understand the coverage requirements and the challenges that come with insuring homes. Our brokers will do everything they can to secure the right coverage at the right price.
Visit our office at 250 Dundas St W Suite 408 Mississauga ON L5B 1J2 or call us at 905 366 0066.
High Value/ Custom Home Insurance
Get a quote for high value Mississauga homes.
Bundle Discounts
Combine your home insurance with your auto insurance to maximize savings!
Rental Property Coverage
Get the correct coverage for your rental dwelling or condo.
Multiple Home Insurance Quotes
Offering Mississauga home insurance quotes from Canada's largest home insurers.
Mississauga Home Insurance Quote
T: (905) 366 0066
F: (905) 276 5373
250 Dundas St W Suite 408 Mississauga ON L5B 1J2
Getting the best home insurance rates in Mississauga
At Ambroziak & Rao Insurance Brokers, we want our clients to have great property coverage at a great price.
We understand that customers want the best premium, but what many don’t know are the many different coverage options that exist in a home insurance policy. We encourage our clients to look for the best “value“, not just the best “price“
For this reason, we always recommend comparing coverages line by line instead of just looking for the lowest price on your home insurance.
That said, there are universal home insurance discounts that clients can target. Some of them include:
- Bundle Discount. When pairing your home insurance with a Mississauga auto insurance policy in the same company, you will be eligible for a sizeable discount.
- Claims Free. If you don’t have any claims on your policy, you will be rewarded with a better rate.
- Mortgage Free. If you pay off your home’s mortgage, you will be eligible for a small discount.
- Retiree/ Mature Citizen discount. If you are retired, you could be eligible for this discount.
- Monitored Alarm Discount. IF you have a monitored fire and burglar alarm, insurance companies provide additional discounts. Monitored means there is an operator that calls the home in case of an emergency, and if there is an issue, they notify the policy or fire services. You will need to provide a certificate from the monitoring company to get this discount.
- Loyalty Discounts. Some insurance companies will offer loyalty discounts to clients who have been insured with them for a long time.
- Water Protection Discounts. If you installed a backwater valve/ sump pump and/or an automatic water shutoff valve, the insurance companies will offer discounts as this is a major water damage mitigation system.
- Newer Home Discount. If your Mississauga home was recently built, certain home insurance companies will offer discounts because all updates are recent and up to current building codes.
- Non-Smoker Discount. If you do not smoke, the chances of a fire are reduced and many insurance companies will offer better rates for that.
- Annual payment discount. If you pay once per year, you will get a discount and save on finance fees.
There are many more unique discounts that can be applied in certain situations and for that reason, it’s best to get in touch with your insurance broker.
Visit us at our Mississauga address or call us for a chat: 905 366 0066.
Average Home & Tenant Insurance Rates in Mississauga
Estimated monthly and annual premium baselines across Peel Region
- Coverage: Building structure, detached garages, & contents
- Key Drivers: Rebuild cost, roof age, water backup protection
- Bundle Savings: Up to 26% discount when paired with auto
- Coverage: Personal contents, unit improvements, & liability
- Key Protections: Special loss assessment & deductible protection
- Corp Policy: Complements master corporation policy
- Coverage: Personal belongings & $1M–$2M liability
- Living Expenses: Hotel & food coverage if displaced
- Lease Ready: Satisfies landlord lease requirements
“Get A Mississauga Home Insurance Quote in Minutes!”
Home Insurance In Mississauga
Insuring The Homes Of Mississauga Since 2009
Ambroziak & Rao Insurance Brokers have been insuring properties all over Mississauga from the very day our company was founded in 2009. We chose Mississauga as our primary city to work in because of the diversity the city offers and the fantastic business communities.
We have clients from all walks of life, ones who traveled halfway across the world to plant roots in Mississauga and proudly call this city home. We appreciate the sacrifices many have done to be here and understand them as well. Our team live, work and in some cases, were born here!
We know the homes of Mississauga. We drive by many beautiful homes on Lakeshore Rd W or down Indian Rr close by. We also enjoy the annual Bread and Honey festival in Streetsville and sometimes buy a Shawarma from one of the original Osmow’s locations there.
If you are looking for any type of property insurance quote, you can visit our Mississauga office or call us at 905 366 0066 and one of our senior insurance brokers will be happy to help!
Important Coverage Options For Your Mississauga Home Insurance Policy
For most people, their home is their largest and most important physical asset.
Mississauga homes now cost hundreds of thousands of dollars and the last thing you want is to lose that in an unfortunate situation. We are lucky to live in a society where home insurance is an option and should a tragic incident happen, the insurer will help you back on your feet.
With that said, it is very important that you select the best coverage options for you. Some of those options include:
- Sewer Backup Coverage. This will cover your home in the event that water backs up from the sewers and enters your home. This is an optional coverage and you need to request it. It does not automatically come with your policy. You must also choose your coverage limit such as $10,000, $50,000 or the full policy limit. This is one of the most common types of property claims. Speak to your broker for more information.
- Overland Water. This coverage is activated if water enters your home through windows or doors. This is also not automatically added to your policy and needs to be requested. Limits can be chosen and not all homes qualify for this coverage.
- Earthquake Coverage. Not all companies will offer this coverage, but you must request it if you would like to add it to your policy.
- Jewelry Floaters. Every policy will offer some jewelry coverage (Ex $500 worth of coverage). If you own an expensive piece of jewelry such as a Rolex or Omega watch, you would need to add it to your policy. A recent appraisal is required.
- Liability Limits. Generally higher limits are recommended, you can select from $1,000,000, $2,000,000 or even $5,000,000.
When insuring your Mississauga home, its best to speak with a licensed insurance broker who knows the neighborhood and understands your unique requirements. Please call our office at 905 366 0066.
The Importance Of A Correct Replacement Cost Valuation
When insuring your Mississauga home, one of the most important pieces of information is the replacement cost of your home. Insurance brokers will ask several questions and based on the answers along with sophisticated property evaluation tools, the broker will come up with a rebuild cost. When shopping around for home insurance rates, request that number from the insurance company as that is a major factor in your insurance premiums. The higher the replacement cost, the higher the premium. But more importantly, you want to have the correct replacement value for your home.
Certain homes will cost more per square foot. Standard Mississauga homes with basic builder grade finishes could cost from $250-$600 per square foot to build. Custom homes with high-end finishes inside and finished basements could cost over $1000 per square foot.
If you underinsure your home and a claim occurs, your company could reject your claim or possibly charge you a co-insurance rate for the amount underinsured.
When insuring your home, if the company offers it, its a good idea to purchase a coverage called Guaranteed Replacement Cost. This coverage promises to rebuild your home with the same standards as your current home even if the cost goes over your established replacement cost. Any additional renovations in the future must be reported to the insruance company to maintain this coverage.
What Factors Affect Your Mississauga Home Insurance Rate?
There are many factors that home insurance companies use to determine your insurance rate. In general, there are two categories: your individual rating factors and area specific.
Individual Factors:
- Mississauga home size
- Houses age
- Type of property (Condo, detached, demi-detached, townhouse)
- Age of upgrades (Roof, plumbing, electrical, heating)
- Prior claims
- When was the property purchased?
- Is anyone renting it out?
- Years of prior insurance
Area Specific:
- Flood zone
- Fire zones
- high theft areas
- Areas with many tree claims
- Close to large bodies of water
- Lack of water protection (fire hydrants)
Rental Home Insurance Mississauga
Many investors have been purchasing homes in Mississauga over the last decade as they have been relatively cheap to purchase and easy to rent out. If you own a rental investment property which you do not live in, its extremely important to notify your insurance company and make sure the proper policy is in place.
A standard homeowners insurance policy will not cover your rental property. You will require a Rented Dwelling or Rented Condo insurance policy which includes several coverages not offered under standard homeowners insurance such as rental income replacement.
Many insurance companies do not offer rental insurance for houses that rent out rooms separately or are student rentals. Be sure to notify your insurer if you rent to multiple families.
Call for a Mississauga rental home insurance quote today at 905 366 0066.
Director & Lead Broker
Lidia Ambroziak
T: (905) 276 9597
C: (416) 737 9647
E: lidiaa@pbnet.ca
Director & Lead Broker
Harish Rao
T: (905) 276 9495
C: (416) 420 2383
E: hrao@pbnet.ca
Customer Success
Margaret Bara
T: (905) 366 0066
F: (905) 276 5373
E: mbara@pbnet.ca
Customer Service
Anu Kaur
T: (905) 366 0066
F: (905) 276 5373
E: akaur@pbnet.ca
Customer Success
Teresa Klubinski
T: (905) 366 7530
F: (905) 276 5373
E: teresak@pbnet.ca
Ambroziak & Rao Insurance Brokers Reviews
Frequently Asked Questions
We are more than happy to answer any and all of your Mississauga home/ property insurance related questions. Speak to one of our licensed home insurance brokers today!
?
Many older homes in Mississauga neighborhoods such as Meadowvale and Clarkson have aluminum wiring. Although not ideal, it is possible to find home insurance. It may be more expensive than updated copper wiring, but there are insurance companies that will accept it.
In some cases, they will require a recent inspection done by a licensed ESA electrician.
Yes, Ambroziak & Rao is a RIBO licensed insurance brokerage operating under license 3428. You can search us at the RIBO Brokerage Search.
The first step before creating an insurance policy is creating a quote. One of our experienced Mississauga insurance brokers will happily help you get competitive quotes from the largest insurance carriers in Canada.
Once a quote is completed and you are happy with the coverage and price, our team will create the applications, confirm your requirements and send the applications over to your email for e-signing.
Once signed, our team will review the policy and issue it with the insurance company.
Making changes to your home insurance policy has never been easier!
Contact our team at 905 366 0066 and one of our customer success managers will happily assist you.
If you would like to call our team at Ambroziak & Rao Insurance Brokers, you can call 905 366 0066, or visit our Mississauga office at 250 Dundas St W Suite 408 Mississauga ON L5B 1J2.
Home insurance is optional unless you currently have a mortgage that you are paying off. Your mortgage company will require a policy to be active at all times with their specific requirements.
If your mortgage company has any specific requirements, feel free to email them to us for review: lidiaa@pbnet.ca.
Many insurance policies do not allow for larger renovations especially structural changes. If you will be doing major renovations in your home, its recommended that you contact your insurance brokers as you may require a Builders Risk insurance policy.
Small renovations such as painting or changing the floors are generally accepted. Its always advisable that your review the insurance policy of your general contractor to ensure he/she is currently and adequately insured.
If you are happy with your coverage options and amounts, but want to reduce your price a little more, you can choose higher deductibles.
Many standard property insurance policies come with a $1000 or $2500 deductible. This means that the first $1000 or $2500 of the claims is covered by you.
You can choose to increase it to $5,000 or $10,000 which will reduce your monthly premium.
Home insurance claims are generally charged for 5 years. IF the claim happened over 5 years ago, you won’t have an issue finding a new policy.
If the claim happened within 5 years, it may be tougher to find a policy at a low price but its certainly possible.
Reach out to one of our senior insurance brokers at 905 366 0066.
Most insurance companies require that a roof be updated every 20-25 years. Some will not insure you if your roof has not been updated.
Home insurance companies generally do not cover seepage. Seepage is a maintenance issue and the clients responsibility to keep updated.
Insurance is for sudden and unexpected incidents. The only possible coverage would be under Ground Water optional coverage (see below).
A client is still required to keep their home maintained and do their best to prevent possible claims.
Ground water is an optional coverage just like sewer backup or overland water. It covers the home where water enters through the foundation or basement walls and floors due to rising water from heavy rainfall or rising water tables.
Contact your broker if you are interested in this coverage as some companies do not offer this coverage in certain areas.