Protection for You and Your Family
Property insurance isn't just about protecting your investment
in your home or condominium unit. It covers your valuable
personal belongings too, both inside and outside your home.
It can even help safeguard your financial future if you are
ever sued for damages suffered as a result of your negligence.
Property insurance is for tenants too
If you rent your home, you may think you don't need property
insurance. However, your landlord's insurance doesn't cover
upgrades to your rental unit that you've paid for yourself
- such as a new carpet or built-in shelving in the closets.
It also won't protect you if you are sued for negligence.
With all this in mind, it's a good idea to consider a property
insurance policy designed especially for tenants.
Property insurance protects you in two
ways
Financial Loss: Your property insurance will reimburse
you for losses if your home or personal belongings are damaged
by fire, your belongings are stolen or if any other unexpected
situation that is specified under your policy occurs.
Your home and other detached structures such as a garage
will likely need to be repaired. You will probably be reimbursed
for most, if not all the value of items, such as furniture,
artwork and computers - or the items themselves will be replaced.
If you cannot live in your home while it is being repaired
after a loss, your insurance will pay for some of your additional
living expenses, such as accommodation, restaurant meals
and storage. For example, if prior to the loss, your total
monthly living expenses were $800, and after your loss your
total monthly living expenses increased to $1,000 - you would
be reimbursed for the difference of $200.
Personal Liability: If someone is injured while visiting
your home, they could sue you for damages. If they win and
a court awards them a substantial amount of money, your entire
future could be in jeopardy. Your wages or salary could be
garnished for years to come - and you may find it extremely
difficult to recover your financial standing. Property insurance
includes protection against this kind of liability.
Your property insurance will also protect you against liability
for accidental damage to someone else's property. For example,
if you live in an apartment building and your sink overflows,
resulting in damage to a neighbour's ceiling and carpet,
your property insurance will pay for repairs or replacement.
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Select
the Insurance That's Right For You
Don't pay for more protection than you need. Don't compromise
on your coverage just to save a few cents on premiums. |
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Learn more about property insurance
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Main Residence
The home you live in most of the year. |
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Other Properties
If you own a dwelling that you rent to generate income,
or if you own a seasonal or secondary property. |
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Personal Belongings
Your watercraft and other valuable personal articles. |
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Get a Quote
It's guaranteed for 60 days†. And, you may be eligible for an online discount just by getting a quote††.
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All products and services are subject to the terms and conditions of the applicable insurance contract. In the event of any conflict, the terms and conditions of the insurance contract will govern.
All Licensed Insurance Advisors of RBC General Insurance Company are salaried employees.
†This guarantee from RBC Insurance is based on the accuracy of the information given and it remaining unchanged. Information provided is subject to verification.
††The Online Discount is not available in all provinces, and where available varies by province, type of insurance, renewal term, and auto plan membership. Other exclusions and limitations also apply.
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