[quote=arv]Shall I continue 4% increase every year or reduce the coverage?[/quote]
arv, not sure if I’m qualified to answer your question, but here’s my situation…
I have a 2200 Sqft SFH in PQ.
My dwelling coverage is 294,000 (which increased to $441,000, with ERC)
my annual premium is $570 (I opted for a $10k deductible, the largest they offer.)
In my policy, the “Important Information Regarding your Coverage” section reads:
-Building code upgrade coverage not included
-Replacement cost on contents included
-Dwelling extended replacement cost (ERC) included – increases Coverage A limit to $441,000
-$18,000 mortgage payment protection included
