Insurance News YYC

No, tenant insurance is not required in Canada

Under-insured Motorist Coverage (UIM), this covers the difference between your expenses and the other driver's coverage if they're under insured.

Personal Injury Protection also known as "no-fault insurance," PIP covers medical expenses and sometimes lost wages for you and your passengers, regardless of who's at fault.

Market Value means the price your home would sell for in the current real estate market. Home insurance usually focuses on replacement cost, not market value.

Loss of Use Coverage -This covers additional living expenses when your home becomes uninhabitable due to a covered event.