Homeowners insurance provides coverage for your home, garage or shed, and your personal belongings. It may also provide financial protection in case you unintentionally injure someone or damage their property.

The home insurance policy is usually a term contract—a contract that is in effect for a fixed period of time. The payment the insured makes to the insurer is called the premium. The insured must pay the insurer the premium each term. Most insurers charge a lower premium if it appears less likely the home will be damaged or destroyed: for example, if the house is situated next to a fire station; if the house is equipped with fire sprinklers and fire alarms; or if the house exhibits wind mitigation measures, such as hurricane shutters. Perpetual insurance, which is a type of home insurance without a fixed term, can also be obtained in certain areas.

Homeowners insurance provides coverage for your home, garage or shed, and your personal belongings. It may also provide financial protection in case you unintentionally injure someone or damage their property.

We offer you a variety of ways to save even more on

Save your premiums, if you:

* Are age 45 or over.

* Have installed an approved alarm system.

* Have insured both your personal property and automobile with The Dominion.

* Have had no claims in the past 3 years.

* Live in a house that is less than 20 years old.

* Maintain a non-smoking household.

* Multi-property credit.

Products

Our insurance products are flexible and affordable.

Choose the precise coverage you need today, and as your requirements change, we'll help you tailor a program to suit your needs tomorrow.

Insurance covers.

It typically covers damage from fire, windstorm, hail, water damage, riots, explosion, as well as other sudden and unexpected losses., i.e. theft, and the extra cost of living elsewhere while your home is repaired or rebuilt.

It covers your legal liability if you, members of your family or even your pets hurt other people or their property, not just your house, but away from it, too.

Do annual insurance policy "checkups" to keep up with local building costs, home remodeling and inventories of personal belongings. Make sure that you have updated insurance to rebuild or repair your home for what it would cost in the current building market. Accurate inventories of personal possessions make for faster and smoother claims' settlements. Photos and videos offer easy ways to document your stuff.

Personal property coverage

Replacement Cost Coverage ensures that your personal property will be replaced after a covered loss,without deductions for depreciation. You should also have "all risks" coverage for your personal property, so that your belongings are covered for a wider array of perils than most standard policies allow. You should list expensive items, such as jewelry or fine art, separately.

Replacement cost

Replacement cost in a homeowner's policy refers to valuing the loss at the amount it will cost to replace the item.

Most homeowners believe that is what will happen if they have a claim. However, the bulk of policies do not carry this clause. If not included, losses will be valued at what they were worth in their condition before the calamity.

If you have further query please contact Canada Insurance Plan.