Home Insurance Glossary

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P

Named perils coverage
Primary residence
Property insurance
Property type

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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