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Home Insurance Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
P
Perils, Named, coverage
Primary residence
Property
Insurance (property insurance)
Type (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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