It is best that you talk to a qualified car insurance agent to find out the most suitable policy for you. Take your time shopping around and comparing different car insurance quotations from various agents. For more detail about insurance, please visit here: http://sharpinsurance.ca/

1. Types Of Home And Property
Insurance

2. 1
roperty insurance is a basic necessity for any homeowner. Nowadays,
you can find a variety of property insurance types, alongside different
coverage with variable policies. In general though, property insurance is
by far more expensive with high-valued properties, or in assets identified to be at
higher potential of disaster or peril.
When asking for home insurance quotes Calgary, or in any state for that matter, a
homeowner should have some knowledge or two about the types of policies they
can choose from. The most common and popular type of property insurance is
the Homeowners Insurance. This is that particular type of insurance that protects
you against casualty and property damage. The price of this policy is exactly
proportional to the price of the replacement of the property being insured.
Other types of homeowner’s property insurance policies include HO-1 through
HO-8. The most common type though is the HO-3 which protects practically
everything of your home, including the property’s foundation, structure and all its
contents inside. Additionally, this also protects your home against mishaps that
may happen on the property like accidents, injuries, and other unfortunate and
unexpected circumstances. This choice, although mostly advised for homeowners,
is purely optional.
The homeowner insurance generally covers the full replacement of the cost of all
the damage incurred in the building, including its contents, only if the homeowner
has paid at least 80% of the full replacement rate of the items being insured.
Essentially, standard home insurance policies will cover natural disasters like
wind, hail, fire, or lightning, as well as other man-made disasters like theft,
P

3. 2
vandalism, or explosion. However, a standard homeowners’ insurance will not
cover damages caused by earthquake.
The earthquake insurance, on the other
hand, is particularly created to protect
your home against such disaster.
Generally, the rate of this type of policy
(like: http://sharpinsurance.ca/grande-
prairie-home-insurance-ab.php) will
depend on the probability of earthquake
occurrence in the area of the insured property. Homeowners coming from high-
risk earthquake areas can expect to obtain higher deductible. This policy is
advised for people living in areas that have been earthquake-prone and with such
disastrous activities in the past 5 years.