24 ~ Friday, April 8, 1988 ~ North Shore News Understand home insurance | HOME ItNSURANCE is essential ‘ protection, but with so many agents, policies and coverage it is easy to get confused. There are three basic insurance categories: Homeowner's, or stan- dard, insurance is the most basic. It covers your house and its con- tents against “perils that’ are specifically listed, such as fire, wind damage or vandalism. If the - J peril is not named, your house is nol protected against it. ' Broad form: insurance covers your building against all perils ex- cept those that are listed. Floods, earthquakes and sewer back-ups are usually excluded. ; Comprehensive insurance covers “the home and _jts contents against almost every peril and, therefore, it is the most costly. — The amount of: insurance you - carry on your house is determined * by the cost of rebuilding the struc- ture, not:the sale valueof the property. Insurance for the con- » tents ‘usually is. based on 60. per _ Sent to 70 per cent of the replace- ment value of the building, but “you can buy more if, you feel it‘is necessary, Beyond property protection, you will ‘have to consider liability, in- | surance.’ Liability. insurance ‘pro- at tects you if someone sustains inju-:. ties on your property and you, or your family, are held responsible. It- also’ protects. you: against. _ damage you accidentally cause to others or to..their - property... The « amount , of ' liabitity you need. de- *. pends: on:.your financial wort your property and ‘the activities .in which; your guests may engage. 2 For instance, if you own a pool, "you may. need more than average .* goverage. The-usual amouni of. li- ~ < ability: insurance: is: “coverage of $I milli : ‘Family: valuables’ » ware: OF jewelry: provide you: sf items to’ make this task easier.” widely from one company to another. Do a bit of comparison and get at least three quotes. You. may want to use the ser- vices of a broker who can shop from several companies and can give you a. good comparison of | policies. * And don't hesitale to ask any questions. You may have to pay later for the things you neglect to *Reface or f *Redo the ‘f 225 East First, North Van. WE DO IT ALL” FOR YOU! : : Planters oe tn replace your existing cabinets counters eKitchen & bathroom . remodelling our Specially CO- ORDINATED KITCHENS Established 1974 ie . __985- $128 Planning on expanding your. ~ outdoor living area?: One of the easiest and most... =” attractive methods is to build a -