HOME INSURANCE

  • AMC
  • HOME INSURANCE
AMC

HOME INSURANCE

As a homeowner, it’s crucial to protect your home from any property damage. Home insurance provides coverage for property damage to both the exterior of your home along with furnishings and other assets inside the home. Personal belongings stolen from inside of your vehicle may also be claimed with home insurance.

You must report the theft from your vehicle to the police and if there is damage to the vehicle, it pays to have both your auto and home insurance through the same carriers to save dual reporting of the claims. Damaged or stolen personal belonging are subject to any deductibles and co-payments under your home insurance policy.

Who will benefit from
Home Insurance

Tenant Insurance

Home insurance is not only for homeowners. As a tenant, you need home insurance as your landlord’s insurance does not cover your personal belongings. In the case of a fire, break-in or smoke damage, tenant insurance will compensate you for your lost or damaged belongings. Tenant insurance can also protect you from liability claims made against you by your landlord.

Condo Insurance | As a resident

As a condo resident, you need home insurance as your condominium corporation’s insurance does not cover your personal belongings. Protect your belongings against theft and fires. Condo insurance also covers liability protection in case of any property damage you cause or if anyone is hurt while inside your home.

Homeowners Insurance

Although Homeowners Insurance is not mandatory, most banks and mortgage lenders require proof of insurance before approving a mortgage. Having home insurance can protect you from property damage caused by climate change and unexpected accidents. Canada’s severe winter storms are notorious for causing property damage. According to the Insurance Bureau of Canada, insured damage due to severe weather reached $2.1 billion in 2021.

Condo Insurance | As a landlord

As a condo owner, you need home insurance on your principal residence as well as on your condominium property. The condominium corporation only covers damage to the common elements such as windows, and tiles. Protect yourself from the cost of replacing any upgraded elements with condo insurance for landlords.
members
AMC

Work with Experienced
Brokerages!

With over 30 years of experience in working with the best brokerage services, AMC’s preferred brokerages can connect you with a great selection of experienced insurance providers. The brokers are familiar with the limitations on coverages particular to each province. They also have extensive knowledge on industry changes, trends, and renewal rates. Our preferred brokerages are excellent resources for our members to get a better perspective on our coverages and answering any of your questions.

Save on Auto and
Home Insurance

With over 30 years of experience in working with the best brokerage services, AMC’s preferred brokerages can connect you with a great selection of experienced insurance providers. The brokers are familiar with the limitations on coverages particular to each province. They also have extensive knowledge on industry changes, trends, and renewal rates. Our preferred brokerages are excellent resources for our members to get a better perspective on our coverages and answering any of your questions.

AMC

What Does Home Insurance Cover?

A good Home Insurance policy will cover any interior or exterior property damage as well as protect you from any liability claims.

Weather Related Property Damage

Compensation for any property damage or loss due to unexpected weather conditions. This includes storms, heavy rain, hail, and natural disasters such as tornadoes or floods.

Liability Protection

Protection from lawsuits filed against you by anyone that gets hurt or injured on your property. Furthermore, it protects you against lawsuits from your landlord or condominium corporation.

Theft

Compensation for any lost belongings or damaged property because of a burglary. Protected belongings typically include electronics, clothing, and furniture as well as high ticket items such as jewelry and collectibles.