Glossary

When you pay by PAC, you can make from one to 12 consecutive monthly payments, at no extra cost, and interest free.

Your account will then be debited for the specified amount every month, on the date you select. Certain conditions apply.

The cause of a possible loss, such as fire, wind storm, theft, or explosion covered in an insurance policy.

The insurance policy will name the perils it insures against. If it’s an All Perils type of policy, it will insure against all perils except those specifically excluded.

Anything you own, use, or wear, including the contents of your house (such as furniture, furnishings, clothing) and other belongings on your property (such as lawn furniture, portable gas barbecues, and garden tools).

If you have any personal property stolen from your vehicle, such as a laptop, a leather jacket, or hockey equipment, it would be covered under your home insurance.

Your premium is the amount you pay the insurance company for the coverage you purchase.