Your home is your most prized asset. With severe weather on the rise across the country, it's more important than ever that homeowners review their insurance coverage.
All homeowners should insure their houses according to what it would cost to rebuild the house in the event it is destroyed. This amount is called the replacement cost, and it is different from the market value of your home and even from your tax assessment value. An accurate assessment of your home's replacement cost is essential to making sure you have enough coverage.
In Alberta, automobile insurance is provided through a private delivery system, that is, coverage is provided by private insurance companies. There are approximately 60 insurance companies that write automobile insurance. The minimum requirement to operate a private passenger automobile is $200,000 third party liability coverage and accident benefits coverage.
For businesses and non-profit groups in Canada, having the right insurance is essential to surviving and thriving in a world that is full of opportunity, but also full of risk. The right type and amount of insurance will provide some financial peace of mind to organizations navigating their way through the sometimes-complex world of business. For example, in a society that is turning more and more often to the legal system to settle conflicts, insurance that protects an organization and its employees and/or volunteers from lawsuits (that is, liability insurance) is more important than ever.
A farm insurance policy can provide coverage for dwellings and personal property, farm buildings, produce, livestock, machinery and equipment, and liability. Boats and recreational vehicles are likely to require special coverage. Coverage for motor vehicles that are required to be registered is provided under an Automobile Insurance policy.
Condominium unit owners (also known as strata unit owners in British Columbia and some parts of Alberta) experience some of the best aspects of both home ownership and renting. As an owner, you have title to your own unit, as well as a share in common property such as the lobby, rooftop patio, swimming pool, parking garage and other amenities. A bare land strata or condominium may have less common areas, typically just streets or roadways providing access to the units.
It is important to note that the definition of what is “owned” by the unit owner depends on the condominium, strata or bare land development.
Tenant Insurance (Renter's Insurance)
Understanding basic tenant insurance for contents and liability can help you rest easier. As a tenant, you may be liable for any damage you cause to your building or unintentional harm caused to others who live in or visit the property. Typically, a landlord will require tenants to have insurance as a rental condition in the lease.
We will help you plan for your future and protect you in case of unexpected events. Gaetz Agencies partners with licensed advisors to offer you a full range of investment and insurance products. We can assist you with your purchase of life insurance no matter where you are located in Alberta.
Gaetz insurance agencies provides insurance services for the following areas:
Wetaskiwin, Leduc, Ponoka, Camrose, Millet, Calmar, Thorsby, Devon, Rimbey, Rocky Mountain House,
Lacombe, Beaumont, Breton, Warburg, and all rural areas in and around Edmonton.
Gaetz Agencies has been an active member of the Leduc community since 1924. We provide the most affordable and comprehensive insurance solutions in Leduc and across Alberta. If you need auto insurance, car insurance, home insurance, house insurance, tenant insurance, renters insurance, condo insurance, condominium insurance commercial insurance, business insurance, farm insurance, liability insurance, or personal insurance give us a call for an immediate quote.