Both broad and comprehensive
package policies provide protection
for your house as well as coverage
for loss or damage to your
belongings inside.
With broad coverage, however, the
damage or loss to your belongings
is only covered if it results from a
predetermined list of causes, known
in the industry as "named perils."
Essentially, perils are what your
policy insures against. Every home
insurance policy includes the peril
of fire, and common perils include
wind, hail, water damage and theft.
Sometimes geography plays a role
in the perils you may want your
plan to cover. For example, living
in Manitoba, earthquake coverage
isn't something most people would
consider compared to friends on the
west coast.
>> IT'S THE BIGGEST
INVESTMENT
you'll ever make, so
why wouldn't you protect your home with
the best insurance coverage possible?
Whether you're buying home insurance
for the first time, or updating an existing
policy, ensuring you have full protection
for your house and all your valuables can
save you a bundle in case of fire, flood
and other calamities.
Ask your broker about all the options that
may be available to you. Whatever your
budget, you simply cannot put a price on
peace of mind.
There are different kinds of insurance
packages available for houses and
condos, and you'll need to know the
difference between "broad" and
"comprehensive" packages in order
to be able to decide on the right
amount of protection for your home
and belongings.
HOME INSURANCE
By Geoff Kirbyson
Ensure you have
protection — and
peace of mind
Assets
your
COVER
114 Parade of Homes fall 2019
