Home is defined in many ways, a house, apartment, or other shelter that is the usual residence of a person, family, or household; the place in which one’s domestic affections are centered, as in “Home is where the Heart is”.
While life is full of risks, securing your home for your family should not be measured in degrees of risk. The primary reason that you need to buy insurance is to transfer risk. Insurance allows you to transfer financial risks from yourself to an insurance company – buying you peace of mind from possible losses. Protecting your home and its contents through insurance makes it possible for you to avoid taking the financial hit on your own.
Homeowner Insurance is a form of property insurance designed to protect an individual’s home against damages to the house itself, or to possessions in the home. Homeowners insurance also provides liability coverage against accidents in the home or on the property. Condominium insurance differs from that of conventional homes. Coverage is available under two separate policies; that of each unit owner, and that of the condominium corporation. Renter’s Insurance is a form of property insurance that provides coverage for a policy holder’s belongings and liability within a rental property.
All home insurance (homeowner’s insurance, condo insurance and renter’s insurance) will include coverage for your belongings or property (contents), your personal liability (should you be legally required to pay damages), and, if you’re a homeowner, your house (building). It may also include other protections, like living expenses in case loss or damage forces you to leave your home. Financial institutions usually require you to have insurance if you have a home loan.
It’s also important to make sure you’ve got the right amount of coverage for your home, matching the replacement cost of your property. You should also consider coverage for supplemental cost and expenses.
Steers Insurance offers a wide range of home insurance policies tailored to your individual requirements. No one-size-fits-all here. Whether you’re a home or condominium owner, a tenant or landlord – whether city or small town – we have the proven, flexible, and personalized options available to ensure you get exactly the home or tenant insurance coverage you need. Thousands of Newfoundlanders and Labradorians continue to choose Steers Insurance, year after year, because we take the time to ensure they have the home insurance that works best for them. Call us today – a Steers Insurance representative is ready to help get you started immediately.