Home insurance protects your property from unexpected loss occurrences. Your home insurance not only protects your property, but it also includes civil liability coverage that protects you should you unintentionally cause damage to a third party. This means that you are not personally responsible for repair or damage costs.
Home insurance is for both owners and tenants of all types of homes (condos, single-family homes, apartments) and their occupants.
There is no legal requirement to purchase home insurance, but it is strongly recommended to protect your property and your civil liability.
Insurance protects your property if it is damaged in a loss. Most home insurance policies cover you against fire, theft, vandalism, wind, hail and lightning.
However, you need to add an endorsement to insure damage from water infiltration through your roof or a sewer backup. This is coverage you should consider since water damage is the number one cause of home insurance claims.
You must purchase an amount that covers the value of your property and your civil liability. Take time to inventory your belongings, and add photos as well as copies of your invoices, to determine their total value and make sure you have sufficient coverage.
If you own a home, you must also establish an insurance amount for your building.
Whether it is water damage, fire, theft or vandalism, it is important that you know what to do after a loss. Keep these two things in mind:
See the Claim section for helpful information you should know before a loss occurrence.