Types of Home Insurance in Calgary

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Types of Home Insurance
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There are seven types of home insurance in
Calgary. Each type of insurance is purchased to
protect the specific needs of an individual or
family. Different types of homes require
different types of coverage.
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The first type is basic homeowners. A
homeowners policy provides liability insurance
in case someone is injured on the property. This
type does not cover maintenance on the home.
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The second type works the same as basic
homeowners but adds coverage for additional
perils. This additional coverage includes water
damage from water backup, snow, falling objects,
and electrical damage.
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The third plan provides even boarder coverage.
This policy would include extended and specialty
items in addition to all the coverage listed
above. The only disasters this policy would not
cover are flood, earthquake, war and nuclear
blast.
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The fourth type of home coverage is tenant or
renters insurance. This is the type of policy
that would be purchased by someone renting a home
or apartment.
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The fifth type of home policy is a complete risk
policy. This type of policy covers the building
and the property from any disaster that may
occur.
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The sixth type is condominium insurance. This
policy would cover all personal property within
the condo against all the disasters listed above.
Liability insurance is also included.
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The seventh type of home policy is tailored to
older homes with historic value. This policy
protects against the same perils as basic
homeowners policy but pays out actual cash value
for repairs as opposed to replacement costs.
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If you want to know more about home insurance,
visit Maxwell City Central. Their REALTOR can
make it available to you or refer you to a
knowledgeable insurance broker for pricing quotes
or coverage information. Phone
(403)-775-6950 Website http//www.maxwellcitycent
ral.ca/