A key component of personal insurance in Calgary is protecting your home. There are three main areas of coverage that are included in this type of personal insurance in Calgary:
Many policies also include coverage for things like identity theft, lock replacement, and food spoilage.
If you own a condo, you may think you don’t need insurance because your master condo policy covers the building. While a master condo policy will cover the structure of your condo, everything within its walls (such as your appliances, furniture, and personal belongings), won’t be covered. You also won’t have any coverage for third party liability or additional living expenses.
A condo insurance policy will provide protection for these items. Some policies also include coverage for assessments. This coverage is much more affordable than home insurance and essential if you’re a condo owner.
If you rent, it’s important to understand that your landlord’s insurance won’t cover anything that belongs to you nor will it cover your third party liability or additional living expenses. Luckily, renter’s insurance is very affordable and offers all of this protection.