When you want to safeguard your property and possessions, property insurance is the right choice for most people. Similarly for businesses that want to protect their assets, they would need to consider commercial property insurance. Whether protection is needed for personal property or business, there are some important details to be aware of and options to be considered for property insurance in Ontario.
Your home is usually the most expensive property you’ll ever own so for property insurance we’re really talking about homeowner’s insurance, which not only protects your residence but also your belongings inside – at least most of them. This is one of those important details – what’s covered and what is not covered by your homeowner’s policy. A standard homeowner’s policy usually covers the following:
If needed, be sure to check on coverage for these items:
Owning your own business probably didn’t happen without a lot of hard work so protecting your investment with the right commercial property insurance makes good sense. Like the details mentioned above for personal property, a commercial policy covers a company’s buildings, contents, and equipment including:
An important option for many companies to consider is Business Interruption coverage that could result from a fire, vehicular accident, vandalism, etc.
Shopping around for property insurance quotes is easy when you contact an insurance broker since they already work with a number of different insurers and can help you get the best rate for the coverage you need.
For a no obligation insurance quote of any type, call Mitchell & Whale Insurance Brokers at 1-800-731-2228 or email us at firstname.lastname@example.org.
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