Whether you are the owner, or the tenant our qualified
brokers can guide you to the coverage you need.
Whether you are the owner, or the tenant our qualified brokers can guide you to the coverage you need.
The brokerage team at VLG takes pride in finding the policy that will cover your properties inside and out.
Whether you are looking for primary residence, recreational, rental, or commercial property insurance,
we work with you to ensure your policy fits your needs.
The brokerage team at VLG takes pride in finding the policy that will cover your properties inside and out. Whether you are looking for primary residence, recreational, rental, or commercial property insurance, we work with you to ensure your policy fits your needs.
Why you need property insurance and what it covers.
Property insurance can protect you from large out of pocket expenses.
Property insurance can protect you from large out of pocket expenses.
When your property suffers major damage, theft, or an incident of liability, having the right coverage can protect you from having to incur large out of pocket expenses all at once. The right policy can help protect you from costs related to;
- Property Damage (due to aircraft or vehicle impact, fire, lightning)
- Damage due to extreme weather
- Theft & Vandalism
- Personal Liability
Depending on your region there may be additional things to consider when selecting your coverage, key items such as severe weather conditions and history of incidents in your area may affect your premium. Your policy can protect both the brick and mortar property itself and the contents with-in it. It is highly recommended for any property to keep an accurate record of replacement value and inventory.
We help protect…
Your type of property may require its’ own specific plan, the types of properties we can help insure are;
- Home
- Commercial
- Tenants
- Rental
- Cottage
- Recreational
- Heritage
- Home
- Commercial
- Tenants
- Rental
- Cottage
- Recreational
- Heritage
Did you Know…
Typical Home insurance policy does NOT cover:
Property taxes, condo fees, mortgage payments, the land.
Water damage is the most common claim for property insurance.
Current claims statistics put water damage at roughly 44%, with fire claims sitting just behind at 30% of total claim dollars spent.
Talk to Our Team Today about all of Your Property Insurance Needs
We work with top insurers to find the best rates and coverage options for you.
PROPERTY INSURANCE TIPS
Determining Your Premium
Insurers will take the following key information into account when determining your premium:
- Type of residence; single or multi-family, rental property, condominium, recreational property, commercial, heritage.
- What your property was constructed with (ie. brick, cement) as well as its age, size and location.
- Roofing, land grading, and utilities such as heating, plumbing, and electrical systems.
- Any applicable fire protection; distance from hydrant, nearest fire station.
- Historical loss experience of the property: rate of crime and fire in the neighbourhood.
- Finally the type of coverage being requested, optional coverages and deductible.
- Claim history as an individual and eligible discounts.
PROPERTY INSURANCE TIPS
Personal Liability
Whether you are the owner or renter of the property, you can be held financially responsible for any bodily injury or property damage unintentionally caused to others (outside of you and your ‘household’).
In the event you are found negligent, having ‘personal liability’ coverage in your insurance policy can protect you from large payouts up to your coverage limit, in the event such a situation should occur on your property.
PROPERTY INSURANCE TIPS
Coverage Limits
Ask us about: Actual Cash Value vs. Replacement Value
Find out if your policy will cover:
- Dwelling (Foundation, flooring, windows, doors),
- Detached Structures
- Contents
- Additional Living Expenses
PROPERTY INSURANCE TIPS
Terms to know
Comprehensive – Most inclusive policy which covers both the building and its contents for all risks except damage from earthquake, sewer back-up and ‘uninsurable perils’.
Uninsurable Perils – Predictable events that are not covered and would be up to the property owner to take reasonably necessary steps to protect from.
Named (Basic) Perils – This policy only covers perils that are specifically stated, meaning you save money on your policy but could carry the financial risk of some losses yourself.
For more definitions, please our full Glossary of Insurance Terms.
