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Homeowner’s insurance protects your most valued possessions. Whether damage or loss occurs because of robbery, weather, flooding, fire, or some other unforeseeable disaster, insurance ensures your finances, security, and peace of mind remain intact. Insurance providers are experts in assessing both risk and value when it comes to personal possessions and property. Below is a list of just a few of the many benefits the best insurance brokers provide.

Insurers tabulate both risk and total value to ensure you pay the lowest possible premium. Their salaries are not related to their clients premium payments, meaning there is no pressure on anyone to sell or buy unnecessary levels of coverage.

They provide insurance for homeowners who own, lease, or rent. This is called “home insurance” or “house insurance.” Having a mortgage does not make getting insurance harder. In fact, it may make coverage easier, because mortgage holders often cover premiums.

Another option is condo insurance. These policies are usually more comprehensive than homeowner’s insurance. They cover damage you accidentally inflict on the unit, as well as regular wear and tear. They also cover against theft, weather, and fire and flood damage. Possessions in temporary storage are also covered in most condominium policies.

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Tenant insurance (also called renter’s insurance) protects tenants’ possessions in the event of any of the above unfortunate circumstances. It also protects tenants from having to pay for accidents and damage to the unit they cause. A subset of tenant insurance is for students. It covers them and their possessions during their period of residence in a dormitory or university-subsidized apartment.

Insurance companies also cover renters, landlords, and rental property owners from liability and damages. These policies help to pay for damages caused by tenants and resolve payments for injuries, loss, and damage in which fault is unclear. This type of insurance also helps pay for improvements, renovations, and repairs that ensure the health and safety of building occupants.

The best insurance plans include something called a “liberalization clause.” This means if coverage is increased by any factor other than the customer’s direct decision, it is immediately provided at no charge.

They also offer up to $2 million in personal liability coverage, as well as coverage for identity theft, robbery, electronics, food, alcohol, and contents in storage while the insured is in an extended care facility.

Home insurance in British Columbia is a requirement in most circumstances. However, the benefits above are amenities customers should look for. The best policyholders will provide these at little to no additional cost.