Select a coverage option to learn more:
HOMEOWNERS
As a homeowner, it is important that you have dependable insurance coverage to protect you from unforeseen loses that may occur. If you own and live in an unattached single-family dwelling, you should obtain his type of policy.
What is covered?
- Dwelling
- Attached structures
- Additional living expenses
- Personal property
- Personal liability
What do I need to know?
- You may need additional coverage for items such as art and jewelry.
- Losses from earthquakes or floods aren’t typically covered by a standard policy.
Personal property is protected outside your home as well, such as in a storage unit or while you are on vacation, - Limits of these policies should be based on the amount needed to replace your home and the items inside.
CONDO OWNERS
As a unit owner, it is important that you have dependable insurance coverage to protect you from unforeseen loses that may occur. If you own and live in condo, you should obtain his type (HO6) of policy.
What is covered?
- Additions & Alterations
- Loss of use
- Personal property
- Personal liability
What do I need to know?
- In addition to personal property and liability, your policy should also cover items like flooring, wall coverings, and fixtures.
- Most townhouses, duplexes, and fourplexes require this type of policy instead of a homeowners policy.
- It is important to review your community’s governing documents in order to understand what your policy should cover.
RENTERS
Renters insurance protects what matters to you: your personal property (both inside and outside your home) and personal liability. This coverage applies if you rent, but do not own, the home in which you live.
What is covered?
- Personal property
- Personal liability
- Additional living expenses
What do I need to know?
- Your landlord’s insurance does not protect you or your belongings.
- Coverage is more affordable than you think. Policies start at $5/month.
- You might be underestimating the value of your personal belongings. Cell phone, laptop, jewelry, flat screen? It adds up quickly!
LANDLORDS
As a landlord, you need to protect your investment with proper insurance coverage. The appropriate insurance policy for a landlord should include protection for the following:
- Dwelling
- Owned property within the unit (appliances, furniture, etc.)
- Loss of income
- Liability
What do I need to know?
- Requiring renters insurance for tenants may prevent claims against your policy
- If you own multiple rental properties, you can bundle your policies together
- Always ensure that you and your tenant(s) are in compliance with any association insurance requirements.
One of the most important decisions for every community is the selection of proper insurance coverage. On an annual basis, board members evaluate different options in pursuit of the best master policy for the community’s common areas.
Much like the community in which you live, it is vital that you, as a resident, are also adequately covered with the proper insurance policy. Unfortunately, the purchasing process is traditionally both frustrating and confusing. Be it a lack of options or difficulty in gathering the necessary information to even obtain a quote, there are barriers that often times result in a decision to not purchase insurance at all.
With that in mind, we are providing all FirstService Residential clients access to our FirstService Plus Insurance Program. This exclusive program delivers product and service excellence, as well as educational information for all things related to insurance. We want to ensure that you have all of the necessary information to make informed and prudent decisions regarding your home and personal assets. Whether you are an owner, renter, or landlord, you will be able to find options that allow you to choose the best coverage for your specific needs.