Parade of Homes

However, you might want to consider buying overland flooding coverage to protect against the threat every spring from the Red and Assiniboine rivers overflowing their banks. Overland flooding coverage is a relatively new option for homeowners in Manitoba, and Red River Mutual is among the companies that now provide it. "It allows us to meet the growing needs of our customers," says Kevin Briscoe, Red River's director of insurance operations. The Altona-based company is one of Canada's largest policyholder-owned insurance companies, with nearly 65,000 business, farm and home clients from Ontario to B.C. Briscoe says Red River almost always recommends insuring your home to its full replacement value, which is defined as the amount it would cost to rebuild your entire home today with similar quality products but without a deduction for depreciation. You can also get Actual Cash Value coverage, which has a lower premium but takes the depreciated value of your home's features into account when paying out any potential claims. Inflation is a key factor to consider when looking at covering for full replacement value, Briscoe says. "If you've renovated your bathrooms extensively or imported marble countertops from Italy since you first purchased your home's insurance policy, consider whether the cost of materials and labour has risen. This will affect the accurate replacement value of your home." There are also ways of reducing your monthly insurance premiums. One way is by qualifying for discounts on your policy. This can include new home discounts, a mature policyholder discount, a claims-free discount or an alarm discount. "A centrally monitored alarm will have a greater discount than a local alarm," Briscoe says. "This shows why it's important to provide details to your insurance broker when purchasing or renewing your policy each year to ensure you receive any potential discounts available to you." • 5-year new home warranty with deposit protection • 100% local - with service across all of Manitoba • Over 170 Builder Members • 43 years experience providing home warranty (204) 453-1155 mbnhwp@mbnhwp.com www.mbnhwp.com 340 - 530 Kenaston Blvd. Winnipeg, MB R3N 1Z4 You've dreamed... searched... planned... saved... Now it's time to PROTECT YOUR INVESTMENT! 347 William Avenue - Plenty of FREE Parking! Ph: 204-943-0999 Fx: 204-947-3444 www.totallightingsales.ca Visit our SHOWROOM and see where bright ideas begin INFLATION IS A KEY FACTOR TO CONSIDER WHEN LOOKING AT COVERING FOR FULL REPLACEMENT VALUE. POH Parade of Homes fall 2019 115

• Cover