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Home Insurance

Home Insurance Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

P

Perils, Named, coverage
Primary residence
Property

Named perils coverage
Named-perils coverage protects you from the most common types of property insurance claims. Named-Perils includes fire, theft and water damage. Everything is listed very clearly in your policy booklet so you have a complete list of what your insurance policy covers.

Primary residence
The place where you spend the majority of your time is your primary residence.

Property insurance
Property insurance is a general term used to describe all types of home insurance. It includes homeowners, tenant and condo insurance.

Property type
We use your type of property to determine your rates. A property type can be a house, a row house/townhouse, duplex, a high-rise etc.)

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