Unfortunate events such as a fire, a burglary, or an accident can and do happen. That's why it's important to have home and property insurance in place to protect your financial security, your home and your personal belongings from damages, loss and liability claims—even if you rent from someone else.

Protect your home and personal belongings against damage or loss.

• If you own a home: Whether it's your main residence, a seasonal home or a rental property, you need insurance in case you incur damages or losses specified in your policy. What's more, your policy can cover items such as detached garages and sheds on your property, greenery and landscaping, furniture, artwork, computers and much more.
• If you own a condominium unit: Your condominium corporation's policy only covers items that are part of the building. You still need your own insurance to protect any upgrades you make inside your unit and to cover your furniture and personal belongings.
• If you rent: Your landlord's insurance protects your landlord—not you. You still need insurance to cover your furniture, other personal belongings and any upgrades to the rental that you've paid for yourself.

When you purchase your policy, you can choose to insure your home and personal belongings against most unexpected situations or only against situations specified in your policy. You can also customize your coverage to protect very valuable items such as a boat or a special piece of jewellery.

Protect your financial security against liability claims.

In all situations: Whether you own or rent any type of home, you also need the personal liability coverage component of home and property insurance to protect yourself financially should someone sue you and be awarded damages for an injury that happens on your property. Liability coverage also helps protect you if you accidentally damage someone else's property—something that can easily happen if you live in a condominium unit or apartment.

Ready to learn more?

For more General Insurance Advice talk to your RBC^® Advisor and ask for a General Insurance Needs Assessment. Visit the Insurance Bureau of Canada to find a licensed insurance advisor near you.