Personal Umbrella Liability
With Personal Umbrella Liability, you can add between $1 million to $5 million of liability coverage over and above your current policy limits, and with no deductible. While this is a valuable addition to your Home policy, the extended liability coverage also applies to your auto, seasonal, watercraft policies and more*.
*some restrictions apply
Extra insurance options can be added to your insurance plan as endorsements. An endorsement is an add-on to your insurance policy that covers a specific item or event.
Scheduled personal articles
Regular personal property, such as a television or personal use computer, is covered under your policy up to your personal property limit. Special limits are set on items like jewellery or fine arts. If these items are worth more than the limit specified, you may want to insure them as scheduled personal articles. Scheduled personal articles provides all risk coverage with some exclusions.
Jewellery, Gems, Watches and Furs
Home insurance policies contain special limits that apply to items such as jewellery, gems, watches and furs. We recommend that you insure your higher value items, such as an engagement ring, separately as a scheduled personal article. This ensures you have the coverage you require, allows you to select a deductible for this valuable item and leaves the limit built in your policy available to cover your remaining pieces.
Escape of fuel oil
If you use oil to heat your home, this optional insurance covers you for damages caused by oil leaking from your tank.
Extended Water coverage insures sewer backup and other water damage caused by overflow of outside drains or sewers.
For Alberta Homeowners Residences only:
Comprehensive Water coverage insures various types of water damage including sewer back-up, a build-up of water from extreme rain, or even a flood.
This extra coverage extends your policy to cover damage caused by earthquakes.
You can purchase additional coverage for smaller pleasure boats valued under $100,000 and not more than 8 metres (26 feet) in length. This endorsement includes:
- Coverage for your boat and attached equipment, motor, trailer and accessories as specifically described
Coverage for runabouts, cruisers, sailboats, rowboats, canoes, kayaks, pontoon boats, inflatable boats, jet boats, windsurfers, paddle boats and other personal watercraft.
Discounts for approved boating courses.
Guaranteed replacement on building
Under your home insurance policy, the home is assigned a specific replacement value. With Guaranteed Replacement Cost, the actual cost to repair or replace your home is covered, even if this cost exceeds the insured limit. This coverage is automatically included in our Prestige home insurance plan if the dwelling is not a heritage home.
Replacement cost endorsement
With the replacement cost endorsement, personal property is insured for replacement cost at today's prices, not its depreciated value.
Most of our policy options automatically include this valuable coverage.
Canada is going green, and we want to help. With our Enviroguard coverage, you can choose to replace damaged property with more eco-friendly and sustainable products. For just $40 per year, we will pay an additional 10% of the claim amount up to $50,000 for repair or replacement of your damaged or destroyed property with more environmentally responsible alternatives, such as bamboo floors, ENERGY STAR approved appliances and other earth-conscious options. Enviroguard is just one way we are implementing our company-wide sustainability initiative.
The coverage includes:
- Environmental building materials
- Sustainable construction
- Greener architecture
- Renewable energy
- Energy efficiency