Insurance companies refer to these add-ons as endorsements, riders or extensions.Įarthquake insurance covers loss and damage to your home and contents caused by shaking of the earth. If your insurer offers earthquake insurance, you may be able to get coverage for earthquake damage as an add-on to your policy at an extra cost. Generally, home insurance policies don’t include coverage for most types of damage caused by earthquakes. Get tips on choosing an insurance company. Your provincial or territorial regulator can help you confirm that the insurance company, agent or broker you're dealing with is licensed or registered to do business in your province or territory.įind your provincial or territorial insurance regulator. Learn more about the types of home insurance policies. Generally, the main types of home insurance policies include: The type of insurance policy you have will determine which risks you’re protected against. Types of home insurance policiesĪfter your insurance company has assessed the value of your property, you'll need to determine what type of policy best suits your needs. Generally, if damage to your home is due to a lack of maintenance, you will not be covered. You’re responsible for maintaining your home on an ongoing basis. Your home insurance policy won’t cover the cost of roof repairs in this case.Ī home insurance policy isn’t meant to cover maintenance costs. Home insurance policies don’t cover expected and predictable events.įor example, it’s expected that roof shingles will wear over time and need replacing.
You may be able to get optional add-on coverage for risks that are not covered by your policy. Generally, home insurance policies don’t cover certain types of unexpected events, such as earthquakes, landslides, floods and sewer backup. Unexpected events and disasters that are usually not covered water damage from inside your home (for example, from a broken pipe).wind-related weather including storms, tornadoes and hurricanes.Your home insurance policy may cover damages caused by the following types of unexpected events: Unexpected events and disasters that are usually covered Unexpected events can include fairly minor problems, such as a plumbing pipe that breaks by accident, up to devastating natural disasters, such as a wildfire. Insurance companies refer to unexpected events as perils. Home insurance policies may cover certain types of sudden unexpected and accidental events but not others.
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