broad homeowners policy explained?

by FRANCIS
(DARTMOUTH NOVA SCOTIA)

WHAT IS THE DIFFERANCE BETWEEN COMPREHENSIVE FORM AND BROAD FORM INSURANCE


Broad vs Comprehensive


Hi Francis,

Thanks for asking. A comprehensive policy is generally accepted to be better. In general a comprehensive policy covers everything, or all risks, except the ones specifically excluded.

A broad policy typically covers the named risks and has exclusions similar to the ones in a comprehensive policy. So there are more items to claim on in a comp policy. Read more at this page: Home Owners Insurance

Please be sure to discuss this with a licensed insurance representative. And you can try getting quotes here:

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Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page.

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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

Compare insurance quotes through Kanetix.ca - save time and money!