You should protect your property with the best possible protection and for this you can buy insurance. There is insurance for homeowners, condo owners, tenants, landlords and seasonal insurance. Every type of property can be covered with insurance which protects it in case of any unexpected event.
There are insurance policies in Canada that protect you and your home. With the additional coverages available you can buy insurance for specific needs and situations. For all this you need to buy property insurance. It helps to protect your property against a few types of risks like water damage, fire and more.
We offer insurance policies to cover any type of property. Our experts can help you out to get the best insurance policies for your property. You can get an insurance quote online too.
Depending on your type of property there are different insurance policies.
There are additional coverages available which you can purchase. There is Claims Forgiveness, Disappearing Deductibles, Personal Article Floater, Home Business Endorsement, Natural Disaster, Water Damage, Home Replacement Cost Guarantee and Single Limit of Insurance.
This type of property insurance is for condominiums only. It provides protection for what all is there inside your condominium and the improvements you make inside your unit.
Additions and Alterations
This covers the upgrades done to your condo unit like in-built sound systems which might not be considered to be a part of the standard condo unit by the condo corporation.
Unit Contingent Coverage
This offers additional coverage in case the condominium corporation insurance is insufficient.
Loss Assessment Coverage
This provides coverage for the losses for common condo areas like swimming pools, laundry rooms and fitness rooms. It covers you If special assessments are levied against you by other condo unit owners. Protects you if you are responsible for a portion of the loss due to the condo corporation’s deductible.
There are additional protection endorsements available like Limited Sewer Backup, Enhanced Water Damage and Ground water, Sewers and overflow of bodies of water. You can choose to buy them if you require them.
You can buy this insurance if you rent a home or an apartment or a condominium. It protects you and your belongings in your rented property. The landlord’s insurance will not cover your belongings though it will cover the property.
It covers a reasonable length of time for which you are out of your home due to repair work or rebuilding if you relocate permanently.
There are option extra coverages available with this type of property insurance which you will have to purchase along with the basic coverage. They are Earthquake Damage, Personal Article Coverage, Water Protection Coverage, Home Business Coverage and Property in a Storage Facility.
This insurance is for the landlords and if they want to rent their property. This insurance will help to protect the landlord from problems that may arise. This insurance is required when you do not live in this home and decide to rent it. You will need to buy rental insurance to protect your property from any type of damage.
There are optional rental insurance coverages available like Water Damage Protection, Appliances and Rental Income.
This type of property insurance is for your vacation property like a lake house or a log cabin or a cottage. Seasonal insurance covers your seasonal or vacation home. To protect your vacation home you can choose between the Basic Homeowner Policy or the Residential Fire Policy.
Basic Homeowners Policy
This policy should be bought when higher insurance limits are required.
Residential Fire Policy
This type of policy should be bought when you need dwelling and liability coverage.
We can give you the best property insurance policy depending on your type of property. You can call us to get an estimate for free.
We can also help with the additional endorsements that you require as per the specific needs of your property.
It is an additional coverage that you can buy if you need more protection for your valuables like jewellery or sports equipment. These valuables may exceed the home insurance policy coverage.
The basic home insurance covers water damage but you may need additional water protection for your home. This additional coverage is for damages caused due to sewer backup and overland flooding issues.
Condominiums in Ontario may need additional protection like limited sewer backup and enhanced water damage coverage. This additional coverage may be required to suit your needs.
Sewer backup covers escape of water from sewer, drain, sump pit, septic tank and water damage from malfunction of your septic pump. It also covers certified backflow valves and/or sump with backup power if it is installed.
Enhanced water damage covers sewer backup and groundwater and overland water all in one.
You can insure your condo against perils like fire, lightning, smoke, explosion, wind and hail, riot, falling objects, vandalism and malicious acts.
You will need to buy an additional Personal Article Coverage to insure your valuables if they exceed the basic policy coverage limits. You can buy it to cover jewellery, cameras and sports equipment.
When you live in your home your home insurance protects your property. But if you decide to rent the home then you will need rental insurance to protect your property as a landlord. You need this insurance if you want to become a landlord.
To buy protection for your major home appliances like washer, dryer, fridge or stove you will have to buy an additional Appliances insurance. It helps to cover major home appliances in case they break down and need to be replaced. It covers all the items required for the maintenance of the rental property.
You will have to first choose the Basic Homeowners policy and then buy the Personal Property (contents) insurance to insure your belongings. The coverage is restricted to losses caused by named perils only.