Pls help!! My insurance company wants to charge me for $100/yr/child!!

[Love&care]

Hi everyone,

I need help! My home insurance company wanted to charge me for $100/yr/child. I am in a very small town, Creston, B.C. And this is my first daycare business. Does anyone knows your company is good pls let me know. Thanks in advance! (at the meantime, I am doing all the phone calls to search the reasonable plan)

[Van]

I am in BC and I keep my home and daycare insurance separate.
the daycare insurance is with WESTERN financial Group in Kelowna and is about $250 a year and I can pay monthly.

[Suzie_Homemaker]

I'm in PEI and pay $333 a year for day home insurance on top of my house policy. I am with Co-operators.

[Lee-Bee]

Mine is $30/year per child. As much as yours is 3x that, it is quite possibly just what they deem acceptable and there is likely nothing you can do other than switching insurers.

[kindredspirit]

I had to switch insurance companies in order to get coverage for daycare (because of my pool). The actual charge is $40 per child per year, but I'm paying $200 more per month compared to my old company pre-daycare. It sucks! But I shopped around, it was the best I could do :(

[Love&care]

Thx everyone for replying! I spoke to Coastal Community, they said $500 per yr for 5 million liability! Could you tell me how much do you get cover based on your plan? TIA

[Love&care]

Hi Van, Thx for the replying. What is your liability coverage?

[Love&care]

I am in BC and I keep my home and daycare insurance separate.
the daycare insurance is with WESTERN financial Group in Kelowna and is about $250 a year and I can pay monthly.

Hi Van, Thx for the replying. What is your liability coverage?

[Love&care]

I'm in PEI and pay $333 a year for day home insurance on top of my house policy. I am with Co-operators.

Hi Suzie_Homemaker, Thx for the replying. What is your liability coverage?

[Love&care]

Mine is $30/year per child. As much as yours is 3x that, it is quite possibly just what they deem acceptable and there is likely nothing you can do other than switching insurers.

Lee Bee Thx for the replying. What is your liability coverage?

[Van]

Hi Van, Thx for the replying. What is your liability coverage?

I set it up 15 years ago and it is for 1m .....not sure if it is enough for today.
Your quote of $500 a year for 5m , what insurance is that with ?

[Love&care]

That is coastal community insurance

[Van]

This sounds like a good one to check out :)

[Love&care]

Thx for replying Van! :)

[bright sparks]

$500 annually for 5MIL liability sounds like a good deal to me. Those who pay less may very well have less coverage. A minimum of 1MIL per child in care is advisable. 1 or 2 MIL between a group of 5 or 6 isn't going to go very far should the worst happen to your group and all families sue!

[Van]

yes I agree and I am now updating my insurance to 5 ml as houses in Vancouver cost 1.5 ml or more !!!!

[Firamo]

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