Whether you own a house, a condo, or a plex, you need to understand what is covered, what is not, and under what conditions. Describe your situation; an authorized person calls you back.
Building, belongings, and liability
A policy generally covers the building, your belongings, and your liability, each with its own limits.
Water damage, coverage to verify
Depending on the policy, some water causes are covered and others are not (sewer backup, seepage). It is often optional coverage.
Replacement value or depreciated value
How a claim is calculated changes the compensation you receive.
Deductible and exclusions
What you pay first, and what is excluded. Both are in the contract.
Condo: the co-ownership and your own insurance
The condo corporation’s insurance is not yours; how responsibilities are split deserves checking.
Frequently asked questions
Does my lender require home insurance?
Often yes; your mortgage contract says so.
Do I have to list my belongings?
Not here. The authorized person tells you what is needed during the conversation.
Is the request free?
Yes, and without obligation.