How to Avoid Costly Home Insurance Mistakes

Jun 4, 2025

34:22

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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?