Home Insurance FAQs

Here you will find answers to the common questions asked about our home insurance policies.

Are there different types of homeowner policies?

Yes, a person who owns his or her home would have a different policy from someone who rents. Policies also vary dependent upon the amount of insurance

What essential types of coverage are included include in a Homeowners policy?

The 4 main parts of a homeowner’s insurance policy are:
• Coverage for the structure of your home
• Coverage for your personal belongings
• Liability protection
• Additional living expenses in the event you are temporarily unable to live in your home

What Kind of coverage is available for renters?

Insurance for renters covers contents, liability and additional living expenses. In addition, you have a small amount of coverage available for any building additions and alterations.

Can I increase coverage levels for some of my personal items?

Yes, increased coverage options are available to meet your specific needs.

Are my personal belongings covered when I am traveling in a foreign country?

Yes, your personal belongings are covered while you are travelling anywhere in the world.

What type of insurance is available for a condo?

Under normal circumstances you would have two polices on a condo that you purchase:

• Your own policy. This provides coverage for your personal belongings, structural improvements to your apartment and additional living expenses if you are the victim of fire, theft or other disaster listed in your policy. You will also get liability protection.

• A master policy provided by the condo/co-op board. This covers the common areas you share with others in your building such as the roof, basement, elevator, boiler and walkways for both liability and physical damage.

Does my home insurance cover damage caused by earthquake?

No. A Standard homeowner’s policy does not generally cover damage caused by earthquakes. This source of damage would require additional coverage or a separate policy.

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