Condo, Home, or Renters Insurance?

| March 14, 2019

article image
What insurance do you need to protect your home? Your living situation can affect your insurance. Living in a house, condo, or apartment requires different types of insurance coverage. When choosing coverage for your home, make sure that it is designed to help protect you and your belongings. Here is what you need to know to help you decide which coverage is right for you. Is it condo, home, or renters insurance? Condo insurance is for those who own a condo unit. Typically, it covers various things such as: Liability coverage. Electrical wiring. Appliances. Cabinetry. Personal possessions. Wallpaper and carpeting. Improvements or upgrades you make. Your condo association may provide some coverage, but it is important to make sure you are covered. The coverage by the condo association may not be enough to cover your home and your belongings. Your condo insurance policy can be influenced by the coverage provided by the condo association, the belongings you own, and potentially your state’s own insurance regulations. It’s always a good idea to check with your insurance agent before you decide what policy you want.

Spotlight

Great-West Life

At The Great-West Life Assurance Company (Great-West Life), we take pride in our history of serving the financial security needs of Canadians. For more than 125 years, we’ve been helping our clients improve their financial, physical and mental well-being. Great-West Life, together with its subsidiaries, The London Life Insurance Company and The Canada Life Assurance Company, is a leading Canadian financial services company, with interests in life insurance and health insurance, investment, retirement savings and reinsurance business, primarily in Canada and Europe. Great-West Life is a wholly-owned subsidiary of Great-West Lifeco Inc., a member of the Power Financial Corporation group of companies, publicly traded under the stock symbol GWO.

OTHER ARTICLES

Top Features of an Effective Claims Management System

Article | March 12, 2020

Claims are a critical part of the insurance business. Even if your insurance company is not as big as Axa or Allianz, you need to have an efficient claims management system. Clients’ mindset and expectations are different from what they were 10 years ago. A recent survey called Insurance 2020: The digital prize — taking customer connections to a new level has brought to light some fascinating facts.

Read More

8 Types of Business Insurance Your Company Should Consider Having

Article | February 26, 2020

Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to close their doors if they're not prepared. The cost of an unexpected event can be substantial. Hiscox quotes a 2014 study of small business owners, saying the average cost to defend and settle an employee lawsuit was $160,000. Employment litigation is just one type of risk your small business may face.

Read More

Why Your General Contractor Business Needs Workers Compensation Insurance

Article | March 22, 2020

Having Workers Compensation Insurance for general contractors is an important part of your business. Given the nature of their work, employees are at risk of getting injured, disabled or even worse. Your business uses a lot of resources to provide your employees with a safe working environment. However, your efforts alone do not guarantee safety. Workers Compensation insurance is a great benefit package. Employees enjoy peace of mind as they work, and during recovery if they do get injured.

Read More

Do Entrepreneurs Need Business Insurance?

Article | April 7, 2020

Being an entrepreneur is no piece of cake. You are going out on your own, venturing into a new industry and the future is unknown. Many factors will contribute to whether your new business will be a success or not. One of those factors is whether you purchase comprehensive business insurance from the get-go. Below, we will discuss what types of business insurance you should consider as an entrepreneur who is starting your own company.

Read More

Spotlight

Great-West Life

At The Great-West Life Assurance Company (Great-West Life), we take pride in our history of serving the financial security needs of Canadians. For more than 125 years, we’ve been helping our clients improve their financial, physical and mental well-being. Great-West Life, together with its subsidiaries, The London Life Insurance Company and The Canada Life Assurance Company, is a leading Canadian financial services company, with interests in life insurance and health insurance, investment, retirement savings and reinsurance business, primarily in Canada and Europe. Great-West Life is a wholly-owned subsidiary of Great-West Lifeco Inc., a member of the Power Financial Corporation group of companies, publicly traded under the stock symbol GWO.

Events