Caib 1 - Chapter 2

Front 1

Insured

Back 1

Named insured; spouse; relative of either; any person under the age of 21 in their care

Front 2

Dwelling

Back 2

The building described on the coverage page

Front 3

Premises

Back 3

The land contained within the lot lines on which the dwelling is situated

Front 4

Coverage A - Dwelling Building

Back 4

Dwelling and attached structures

Permanently installed outdoor equipment

Outdoor swimming pools and attached equipment

Materials and supplies located on or adjacent to the premises

Front 5

Coverage B - Detached Structures

Back 5

Detached garage/shed/greenhouse

Front 6

Coverage C - Personal Property

Back 6

On Premises coverage: contents of the insured(s) dwelling. Off Premises coverage: Temporarily off premises, anywhere in the world.

Front 7

Coverage D - Additional Living Expenses

Back 7

Costs "Over and Above" what it would normally have cost the insured to maintain their normal standard of living.

Front 8

Fair Rental Value

Back 8

Rental income lost due to damage from an insured peril.

Front 9

Moving to Another Home

Back 9

Coverage provided for up to 30 consecutive days, or the date of expiry, whichever comes first.

Front 10

Freezer Food. Up to $2,000 for food contained in a freezer when loss is due to:

Back 10

Power Failure: except for operation of circuit breakers or fuses; accidental or intentional disconnection of the power supply.

Mechanical Breakdown.

Front 11

Lock Replacement

Back 11

Up to $500 to replace or rekey the locks on insureds dwelling. Only available when keys have been stolen and reported to authorities.

Front 12

Tear Out

Back 12

Coverage for the repair of walls, ceilings or other parts of insured buildings which must be torn apart before water damage from pipes or domestic appliances can be repaired.

Front 13

Credit Cards

Back 13

Up to $1,000 coverage for amounts billed to the insured resulting from theft or unauthorized use. Cannot be residents of insureds household or persons to whom the card has been entrusted.

Front 14

Replacement Cost

Back 14

Repair or replace the property with similar kind and quality

Front 15

Actual Cash Value

Back 15

Replacement cost minus depreciation

Front 16

Homeowners Basic Form (IBC 1151)

Back 16

Named Perils coverage. Perils Included: Fire, or lightening, explosion (of natural, coal or manufactured gas), smoke (except for smoke from a fireplace)

Front 17

Homeowners Broad Form (IBC 1153)

Back 17

Coverage for dwelling and detached private structures is provided on an "all risks" basis. Named Perils coverage provided for personal property.

Front 18

Homeowners Comprehensive Form (IBC 1155)

Back 18

Greatest advantage to purchasing this form include: All property owned by the insured is covered on an "all risks" basis; loss or damage caused to both the dwelling and personal property by smoke from a fireplace; collapse of roof from snow load.