![]() This includes the sudden and accidental backing up of water or sewage through: However, please remember that Your Extended Water Damage option also provides very important coverage. This coverage is not included in your Extended Water Damage coverage. This includes coverage for loss or damage from the sudden and accidental entrance of overland fresh water through foundations, basement walls or basement doors. If you purchase this additional protection, you will have coverage for damage caused by overland water entering your property from torrential rains, rapid snow melt, or overflow of lakes, streams and rivers. We’ve made the Overland Water Endorsement available for purchase in response to the effects of changing weather patterns and the increasing number of severe storm events that often cause property damage. Will my home insurance policy include earthquake coverage? ![]() Water Escape: This covers water damage that may be caused when your bath or sink overflows or a pipe or hose inside your house breaks.Sewer backup: Water is forced through the sewer system back into your home, or your sump pump fails (Sewer back can be added by endorsement).Seepage refers to the slow movement of water or other fluid through small openings, cracks or pores in your home.Ĭauses of water damage that are usually covered by most standard home insurance plans include or can be added by endorsement:.Flooding results in damage from water that flows into your home from natural sources like lakes and rivers, or large amounts of pooled water.Insurance for some types of water damage may be included automatically in your policy, and some may need to be purchased as extra.Įxamples of causes of water damage that aren’t covered under most standard home insurance plans are flooding and seepage: Insurance coverage for water damage depends on a number of things, like where you live and how your home was constructed. In most cases, we do not recommend insuring your vehicle with just specified perils coverage. Specified Perils coverage insures your vehicle against specific situations only (such as fire, theft or attempted theft, some natural disasters, riots or civil disturbances).All Perils coverage includes the protections provided by both collision and comprehensive coverage and also insures your vehicle against loss or damage should it be stolen by someone living in your home or by someone you have hired to drive, service or repair your vehicle.In addition to collision and comprehensive coverage, which are recommended for most situations, there are two other coverages known as All Perils and Specified Perils. We also recommend that you purchase both of these coverages unless your car is very old-and not worth more than a couple thousand dollars-or you can afford to pay out-of-pocket whatever amount might be required to repair or replace your vehicle. Tip: Although collision and comprehensive coverage are optional by law, your vehicle's leasing or financing company (if applicable) may require that you have it. What are collision and comprehensive coverage?Ĭollision coverage helps pay for the cost of repairing or replacing your vehicle up to the actual cash value if it collides with another vehicle another vehicle, the ground, or an object in or on the ground (such as a guard rail).Ĭomprehensive coverage helps pay for the cost of repairing or replacing your vehicle up to the actual cash value if it is damaged by unexpected situations such as falling or flying objects, vandalism, fire, theft or attempted theft, a natural disaster, or a riot or civil disturbance (but not collision). Plus, if you are leasing or financing a vehicle, your leasing company or lien holder may require at least that much coverage to protect their interests. Tip: At RBC Insurance, we strongly recommend that you purchase at least $1 million in coverage. ![]() While every province requires a certain amount of liability coverage, the minimum amount required is unlikely to be enough if the courts order you to pay a substantial amount of money in damages. In this type of situation, your insurance would pay any legitimate claims against you up to the limits of your liability coverage and also pay for expenses related to settling the claims. ![]() Liability coverage, also called third-party or civil liability coverage, helps protect you financially if you or another driver on your policy are found legally liable for injuring someone or causing damage to another person's property or automobile while operating a vehicle. Every car insurance policy includes protection against third-party liability-and for good reason.
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