Endorsements
What is endorsement number 5 Permission to Rent or Lease
This was added as an exclusion by many insurers following the 9/11 attacks
What is Terrorism
The limit for lawn mowers, tractors, snow blowers, drawn machinery and utility trailers including equipment and accessories under homeowners coverage
10,000
These benefits are mandatory in all provinces and protect you from injury in an accident regardless of fault
What are Accident Benefits
The WAT definition says
The act of acquiring key pieces of an insured person's identifying information and knowingly transferring or using that information without lawful authority with the intent to commit, or aid or abet, any unlawful activity that constitutes a violation of any law.
What is Identity Theft
If you have an oil tank, you need this endorsement to cover insured property if there's an oil spill.
What is Domestic Fuel Oil Escape
What is three
Homeowners coverage limit for works of art
When an insurer pays a loss, it assumes the right to recovery against others and brings legal action in your name.
What is Subrogation
Exclusions under this endorsement include damage from tidal waves and tsunamis
What is Extended Water Damage
For seasonal residences, you can purchase this endorsement to cover theft from the premises with visible marks from forced entry.
What is Burglary?
What is 120
The limit for legal cannabis
What is $1k
Insurers typically have this entire department dedicated to insurance fraud and raising awareness.
What is the SIU - Special Investigations Unit
This body of text, featured on every insurance policy and regulated by the government, discusses among other things misrepresentation and what to do after a loss.
What are the Statutory Conditions
For snowmobiles, rec trailers, motorhomes, ATVs, and vehicles with endorsement 19(A), endorsement 40 applies the deductible to losses caused by these two perils.
What are Fire & Theft
The allotted maximum number of dwelling units per building
What is 6
The yacht/sailboat territorial limits for Canadian inland waters
What are:
the Saint Lawrence River beyond a line drawn downstream between Tadoussac and Trois-Pistoles;
the Fraser River upstream the junction of the Sumas River.
Even if you are not legally liable, we will reimburse these expenses incurred by or for the victim of an accident unintentionally caused by you or arising out of ownership, maintenance or use of the premises.
What are Voluntary Medical or Funeral Payments
Up to 90 days
If a short term rental done through AirBNB exceeds 30 days, this endorsement can be added on for coverage
What is Home Sharing
If your tiny home is longer than this square footage, you are a decline
What is 400 sq ft
If a tree falls, this is how much we will pay towards the removal of its stump
$500
If you've committed libel or slander, you will need one of these to be protected
An umbrella policy
What are:
The added limits of $1500 per occurence
The deductible now applies