Home Insurance
Personalized home insurance options that work for you.
Home Insurance That Feels Like Home
Your home is so much more than just walls and a roof. Home is where your life happens, and at V.B. Insurance Brokers, we make sure you get personalized home insurance options that work for you (and your family).
By taking the time to understand your lifestyle, we can recommend the right coverage for your needs without upselling, and with no confusing terms.
Home insurance is for:
Get home insurance for home owners, renters/tenants, condo owners, and more.
Home Owners
Protect your house, your belongings, and yourself in case of fire, storm, theft, or liability claims.
Tenants
Even if you don’t own the building, your belongings and personal liability still need coverage.
Condo Owners
Special coverage that compliments your condo association’s insurance, protecting YOUR unit and everything in it.
Vacation Properties
Whether it’s your cozy cabin or a summer getaway, we make sure it’s protected year-round.
What home insurance is typically needed in Alberta?
Alberta home insurance options cover various aspects of your home, including the dwelling itself, your belongings, and personal liability. If you have questions about home insurance, please contact one of our advisors.
Dwelling Coverage
Covers the structure of your home (walls, roof, floors) in case of damage from fire, storms, or other covered events.
Personal Property Coverage
Protect your belongings, like furniture, clothing, electronics, and more, if they’re stolen or damaged from various perils.
Personal Liability Coverage
Covers the legal and medical costs if someone is injured on your property, or if you accidentally cause damage to someone else’s house (like a burst pipe leaking into a neighbour’s unit).
Additional Living Expenses
Helps pay for temporary housing (and possibly meals) if you need to move out of your home while it is being repaired after a covered loss.
Tenant and Condo Owner Coverage
Renters should have personal property and liability coverage. Condo Owners also need unit-specific protection outside of what the condo corporation covers.
Seasonal and Secondary Dwellings
Protects your cottage, cabin, etc. against common risks like fire, lightning, and storm damage—even when you’re not there.
Home Insurance FAQ
Frequently asked questions about Alberta home insurance. V.B. Insurance Brokers are here to help!
What’s the difference between home, tenant, and condo insurance?
Homeowners insurance covers loss or damage to your home and your belongings. Home insurance also protects your personal liability if someone sues you, pays living expenses if you have to temporarily move out due to the home being uninhabitable, and pays for medical expenses if a guest is hurt in your home or property.
Renters insurance coverage protects you as a tenant by covering your personal property against damage or theft and when your residence becomes unlivable due to a covered loss, such as a fire or burst pipe. In addition, renters insurance provides liability protection if someone is injured on your property or if you accidentally cause damage to someone else’s property. It even offers medical protection for guests injured in your home or if you accidentally injure someone outside of your residence.
Basic condo insurance includes coverage for the interior of the unit — the items usually not covered by the association’s master policy. The policy would generally cover items like your personal belongings (such as furniture, electronics, etc.), cabinets, counter tops, bathroom and kitchen fixtures, and other interior improvements.
Do I need insurance if I’m renting?
No, renters insurance isn’t legally required, but many landlords require tenants to carry a renters insurance policy as part of the lease agreement.Renters insurance is a smart choice for anyone renting a home, whether it’s an apartment, condo, or house. While your landlord’s insurance covers the building itself, it doesn’t extend to your personal belongings. If your belongings are damaged or stolen due to fire or theft, you would need to pay for replacements out of pocket without the protection of insurance for renters
What’s covered under my homeowner’s policy?
A homeowner’s policy insures the structure of your home if it’s damaged or destroyed by fire or other covered event. It:
- Protects your belongings against damage, theft, or loss
- Provides living expenses if you’re displaced due to a covered loss
- Protects your personal liability if someone sues you
- Pays for medical expenses if a guest is hurt in your home or on your property
Can I get extra insurance for valuable items like jewelry or collectibles?
Yes, valuable/collectible items can be scheduled on the policy as a personal article floater
Does my personal insurance cover my family, guests, or roommates?
Homeowners insurance covers the property, contents and personal liability of you (the policyholder), your spouse or partner and your children (age limited).
The policy also covers:
Relatives of you or your spouse who are living in your household
Dependents under the age of 21, who are students either living in the household or temporarily living away from the insured principal residence
What’s the difference between replacement cost and actual cash value?
Actual Cash Value (ACV)- The fair market value of property, taking into account factors that might augment or reduce the value of the property in question. Actual cash value (ACV) is usually calculated in one of three ways: (1) cost to repair or replace less depreciation; (2) fair market value; or (3) consideration of all relevant evidence of the value of the damaged property.
Replacement Cost Clause- A provision, generally in property insurance coverage, to provide a substitute of the damaged or lost property with something similar, including having the same use but not necessarily identical to the property being replaced, without extra cost to the insured.
How do I make sure I get the right amount of insurance, so I’m not underinsured?
To avoid being underinsured, regularly review your insurance coverage, especially your home and auto policies, with your insurance representative. Update your personal property inventory and ensure it reflects the current value of your belongings. Also, be sure to account for any potential rebuild costs, additional living expenses, and the potential impact of bylaw changes or renovations.
Looking to Start or Change Your Personal Insurance?
We specialize in making insurance easy to understand. Get in touch for your free, no-obligation meeting.