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Condominium
Do you know that your personal property such as your furniture,
appliances and fittings are not covered by your condominium corporation’s insurance
policy? You are responsible for the contents within your individual unit. Therefore,
it is important to protect your assets with a condominium policy.
As a condominium owner, you have title to your own unit as well as a share in common
areas such as the lobby, swimming pool, parking garage and garden. In fact, virtually
the entire building is considered common elements except for upgrades you may have
made to your unit and your personal property. Part of the monthly maintenance fees
you pay goes towards insurance coverage for the common areas of the condominium.
A condominium insurance policy is a very cost-effective way to protect your personal
assets and remove some of the financial worries of condominium ownership.
Homeowners
We will customize a comprehensive insurance solution to ensure
that your home and its contents are fully protected.
Some of the standard coverage within a homeowner’s policy are:
Building coverage: This insures your primary residence and is set at 100% of the
Replacement Cost value of your house.
Contents coverage is a set amount which is a percentage (usually 70% to 80%) of
the building value. This covers your personal belongings including furniture, appliances,
jewelry, clothing and electronic equipment.
Legal Liability coverage protects you if you are sued for sums that you become legally
liable for due to unintentional bodily injury or property damage arising out of
your personal actions anywhere in the world or your ownership, use or occupancy
of your premises. The standard coverage is $1,000,000 however, higher limits can
be purchased.
Renters or
Tenants
If you rent a house, apartment or a condominium, you need to
protect your personal assets. As a tenant, you are also responsible, personally,
for any damage you cause to any part of the building or house in which you live
in or to others who live or visit you.
Automobile
The law in Ontario requires that you purchase automobile insurance.
Call us at (phone number) for a quote or consultation, and we will tailor a policy
to suit your individual needs with flexible deductibles and physical damage and
collision coverage options.
Seasonal
Dwellings
Many cottage owners have a special attachment to their cottages.
It may have been in the family for generations or perhaps a brand new property that
you recently constructed. We recommend that you properly insure your cottage for
the right amount of insurance coverage.
Most cottage policies contain a limited amount of coverage. There are many different
types of cottage policies - some with very minimal coverage while others have more
comprehensive coverage.
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Life Insurance
Ensure that your spouse, children, partner or loved ones are
covered through life insurance. Have the peace of mind that they can continue to
enjoy the quality of life they are used to and deserve in the event that you are
no longer here to provide for them. An individual life policy supplementing your
mortgage insurance is a great way to ensure that you are sufficiently covered in
the event of your untimely demise.
Travel insurance
In conjunction with your auto and home insurance policy, we
can also offer you emergency out of province medical insurance, lost baggage and
trip cancellation insurance to protect you and your family.
Mutual Funds
We have access to the leading mutual funds companies to help
you save and plan for your future. We can provide you with professional advice to
help you select the most appropriate funds to suit your investment style.
High-net
Worth Clients
BJL Insurance’s private client division catered to the unique
needs care of its high net worth clients.
Special Collections
and Jewelry
Over the years, you acquire items that hold a special place in your heart. These
items are unique and valuable, not only in dollars, but for other reasons as well.
These items require specialized attention and insurance protection.
We have access to leading insurers to offer your protection for your special collections
and jewelry. If something happens to them, you know you are covered. We can arrange
for coverage for the following valuable articles:
- Jewelry
- Fine Art
- Silver/Gold
- Stamps and Coins
- Sports Memorabilia
- Rare and Valuable Documents
- Wine collections
- Other Collectibles
Excess Liability
Insurance
This coverage provides for insurance protection in excess of the primary insurance
coverage you currently have. It is intended to increase the limits of liability,
thereby providing additional coverage. Excess liability coverage provides for coverage
in the following manner.
Example : Your primary policy provides for $1 million coverage and you have an excess
$2 million policy. In the event of a claim, the primary policy will cover up to
$1 million while the excess will cover for claims in excess of the primary policy
up to the excess policy limit of $2 million. The umbrella policy extends to offer
you protection on all of your other policies including your car, home, condo, cottage,
boat and motorcycle. Coverage is also extended on a worldwide basis.
Other features can include:
- Identity fraud/theft coverage
- Kidnap and ransom coverage
- Carjacking coverage
- Home invasion coverage
- Stalking threat coverage
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