TD home insurance, which home isurance prefered bronze, gold or platinum?
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Posted on: 12-08-10 02:07:24
Guys,
i recently got quote from TD regards to home insurance. they give me some quotation of 55$ for bronze, 65$ for gold and 72$ for platinum.
I did not understand well the diffrence between this three diffrent option. but as anybody have expereince what to prefered? I an going to buy 21 year old detached house in scarborough at old finch and morningside.
what else cheper option for home insurance
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pranav shah
Didn't you ask them?
They should be able to itemize the exact features and components for each of these policies.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
yes practism
they explained, as per representative said, bronze is simple insurance. gold means u have some coverage of jewellary, house stuff and others. and platinum is they can build house in event of fire or any other problem as per new laws without any single charge.
But afterall for me i am first time homebuyer i dont understand very well all this story which one is good to have , what exactly things necessary to have in house insurance? is it worth spending to go platinum or bornze is ok?
so i am asking is anybody having TD insurance who knows better than me can guide me very well
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pranav shah
Quote:I have TD home insurance but I haven't heard of these types of packages.
Originally posted by pranavshah77
they explained, as per representative said, bronze is simple insurance. gold means u have some coverage of jewellary, house stuff and others. and platinum is they can build house in event of fire or any other problem as per new laws without any single charge.
But afterall for me i am first time homebuyer i dont understand very well all this story which one is good to have , what exactly things necessary to have in house insurance? is it worth spending to go platinum or bornze is ok?
so i am asking is anybody having TD insurance who knows better than me can guide me very well
However, based on what you say, it appears bronze will be just fine.
Unless you have thousands of $$ of jewelery kept in the house, you don't need the gold coverage (ironic, eh?)
If you do have that type of jewelery, it's better to get a deposit box at a bank and keep it there, rather than in the house.
Deposit boxes are not easy to get at banks these days, so you may have to decide what you wanna do.
The way you describe platinum, why would you need the bank to re-build the house?
It's probably enough to take the cash value and buy a new house instead of depending on the bank to rebuild.
Of course, you have to have fire coverage so make sure you don't take that out (even if it's allowed).
I suggest call them back and ask them to itemize for you exactly what is covered, and isn't covered, by the bronze.
Make sure you have coverage for fire, water damage, general theft, environmental damage, etc.
If the only thing extra in gold is the jewelery coverage and in platinum is the re-building coverage, then bronze should be enough.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
thanks for descriptive answer
i will asked them for more info regards to bronze.
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pranav shah
I have home insurance with TD Meloche Monnex group insurance through my employer. I have the bronze coverage on my policy. If you want to know the difference between Platinum, Gold, Silver and Bronze, click on the following link from their website:
http://www.melochemonnex.com/en/residential/insurance_coverage
If you have a basement in your home, you may also want to take out their below ground water coverage. They also have a useful above-ground water coverage clause that covers rain/snow/water leaking through the roof, walls, eavesthrough, etc of the home
Quote:
Originally posted by kulb
I have home insurance with TD Meloche Monnex group insurance through my employer. I have the bronze coverage on my policy. If you want to know the difference between Platinum, Gold, Silver and Bronze, click on the following link from their website:
http://www.melochemonnex.com/en/residential/insurance_coverage
If you have a basement in your home, you may also want to take out their below ground water coverage. They also have a useful above-ground water coverage clause that covers rain/snow/water leaking through the roof, walls, eavesthrough, etc of the home
thanks kulb, link has many information regards to house which not even provided by td agent.
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pranav shah
