Home Insurance

Property replacement cost is the amount required to rebuild your home from the ground up to its current standards. Market value is the price you could sell your home for, which includes the land value. Standard home insurance covers the replacement cost of the structure, not the market value.

Yes, standard policies cover the contents of your home, including furniture, electronics, and clothing. However, there are typically limits on high-value items like jewelry, art, or specialized equipment. Stratis Insurance ensures you are educated on all necessary coverages and potential limitations for your valuable possessions.

Standard home insurance policies are often insufficient if you run a business or rent out space. These activities usually require specialized endorsements or separate business insurance policies to properly protect your liability and business property. Our advisors create a personalized insurance plan that matches your unique needs.

Standard home policies typically exclude damage from perils like overland flooding and earthquakes. These natural disasters usually require purchasing separate, optional coverage extensions. Stratis Insurance seeks to remove myths that plague the industry and provide clear direction on these important optional coverages.

Personal Liability coverage protects you if someone is accidentally injured while visiting your property, or if you accidentally cause damage to someone else’s property away from home. This coverage is crucial for providing a financial safety net against unexpected legal expenses and damages.

Yes. If you own a condo or townhome, you need a specific policy (often called a Condominium Unit-Owners policy). This covers the building’s interior (improvements, fixtures), your personal belongings, and provides liability coverage, working in conjunction with the master policy held by the strata corporation.