Property Insurance

If you own a house, condominium, cottage or are a tenant, it is wise to purchase the appropriate form of property insurance. The financial consequences of a serious loss to such an asset can be devastating and an insurance policy provides the individual with financial protection and peace of mind. In addition to protection of the asset, individuals should also be concerned with their exposure to liability. In today's litigious society, the threat of legal action is everywhere and liability protection is a standard coverage within these types of insurance policies. A property policy combines coverage for the main dwelling, its contents and the liability of the insured in one consolidated policy.

The insured needs to understand whether special coverage is required. Insurance policies tend to limit the amount of coverage for items such as furs and jewellery. These items can be covered through special schedules and endorsements on the policy. These can be discussed in detail with a knowledgeable broker to determine how best to insure such items.

Guarantee Gold

The Guarantee Company introduced Guarantee Gold ® homeowners coverage in 1991. This is a comprehensive form of property coverage intended for those individuals with high value residences and/or a need for enhanced levels of coverage. The Gold program has been designed to provide total insurance protection across all of the various assets and liabilities of our clients. This includes the home, contents, jewellery, fine arts, secondary residences and recreational equipment. The policy has been designed to protect many unique exposures such as libel and slander or nonprofit D&O.

When a client chooses Guarantee Gold ®, we undertake a detailed inspection of the home to establish its current reconstruction replacement value. When the policy is issued, the Guarantee provides an all inclusive limit of 210% of the value. This amount can be used for all losses to your insured assets.

In a loss, if you prefer not to repair or replace your damaged property, you may choose a cash settlement based upon full replacement cost. This allows for expedient, fair claims handling at your convenience.

Personal Umbrella

Standard limits of liability may not be sufficient to meet the needs of our clients. By adding a personal umbrella over your home and auto policy, broader coverage and increased limits are available.