Whether you rent an apartment or live in a home or condo you own, you should have insurance coverage to compensate you for a loss due to fire, theft, vandalism or other cause. You should also have liability insurance in case you did or neglected something which caused a loss to others.
Property insurance, including the home, is much broader and covers many of the things you own – your electronics, art, jewelry, clothing, tools, etc. – against many types of loss in different places, such as the theft of a suitcase from your car, for example.
Burlington flooding insured damages estimated at $90 million
Insurance Bureau of Canada reports that the preliminary estimate for insured damage caused by heavy rains and flooding in the Burlington, Ontario area in early August was just over $90 million, according to Property Claim Services.