Throughout Canada, private insurance companies compete for your business either directly with their own agents or through independent brokers. They compete not only on price, but also on service and coverage. There's no such thing as a standard home owner's policy. Because coverage may vary from one insurer to another, it is important to have your broker or agent explain the policy to you before you agree to coverage.

When comparing quotes and coverage, don't forget service! While good service may cost a bit more, it may well be worth it.

The personal liability portion of home insurance applies at your home or anywhere in the world to bodily injury you may unintentionally inflict on others - often referred to as "third parties" - or to your accidentally damaging their property. No deductibles apply. Legal defence costs, if there is potential for a liability claim against you, are in addition to policy limits. The choice of lawyer(s) is up to the insurer, however. There is no liability coverage for disease transmission and physical - including sexual - abuse.

For example, suppose a visitor or a household employee were to be injured by slipping on a wet floor in your home, and you were judged to be legally responsible: there would be no deductible and you would be covered for the damages you were legally obliged to pay because of the injury. This coverage does not apply to injuries sustained by you or by members of your immediate household. Also, there's no coverage for "punitive" damages assessed by a court as punishment for your actions; only "compensatory" damages are covered. /td>