Personal Home Insurance in Red Deer
Home insurance has three main areas of coverage:
- Third-Party Liability – protects you in the event someone is hurt or has their property damaged at you home.
- Property Damage – if your home and personal belongings are damaged (by an insured cause of damage), this coverage helps you rebuild and replace them.
- Additional Living Expenses – if you’re forced to temporarily relocate from your home due to an insured claim or a mandatory evacuation, you can receive some help with the additional expenses you take on.
Many policies also include coverage for identity theft, lock replacement, and food spoilage. There are a lot of optional coverages that can extend your coverage. It’s important to discuss everything with a personal insurance broker to ensure your Red Deer home is protected.
Condo and renters insurance is very similar to home insurance, with the exception that the home’s structure is not covered. Condos have a master condo policy to protect the structure and your landlord’s insurance should cover the structure of your rental unit. However, both of these policies will not protect any of your belongings, including furniture.
Leisure & Lifestyle Insurance in Red Deer
Central Alberta has fantastic access to camping and fun. Many of us own RVs, boats, ATVs, classic cars, snowmobiles and other toys. Your personal insurance can help protect your recreation time through reducing the financial burden of repairing or replacing them if they’re damaged by certain perils. Many leisure & lifestyle insurance products also include third party liability, in the event someone is hurt or has their possessions damaged while using your toy.
As each of these individual toys has unique insurance coverage, talk to your Red Deer personal insurance broker for more details.