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Property
Insurance
Property insurance provides a guarantee to the property owners such that the insurance company will cover any loss or damage to the property. All Property Insurance policies protect your assets, liabilities and assure your financial stability.
Property Insurance Policies include three basic sections:
1. Property Coverage: It is a description of the insurance on your home and personal property. It also talks about insurance on extra expenses incurred as a result of the inability to use your home due to an insured loss.
2. Liability Coverage: The liability section of your home insurance policy describes how insurance coverage applies to your legal liability for bodily injury to others or damage to property of others arising out of use of your premises or your personal actions. It also includes benefits following injury or damage to property of others. The liability limit is the amount to which you are insured. This also includes legal representation for you in the event of a lawsuit.
3. Conditions: Describes what is expected of you under the provincial law.
Benefits of Property Insurance:
- Quick and efficient claim settlement
- Emergency claim service (24 hours a day, 365 days a year).
- You get expert counsel from insurance professionals.
- Convenient monthly payment options.
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