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.
Ring in the New Year with IBC's Top 10 Tips to Protect your Possessions
As the holiday season comes to an end and we prepare to ring in the New Year, Insurance Bureau of Canada reminds Canadians to review their home insurance policies and take steps to help protect their possessions.