While coverage varies from policy to policy, it’s hard to determine the exact extent of what may not be covered. With TD Insurance, our home insurance offerings all follow comprehensive form/all risk coverage, meaning that all risks are covered, with the exception of specific properties and exclusions outlined in your policy. Regardless of who your insurer is, check your policy carefully to understand these exclusions. Should you find something you'd like/need coverage for that's listed as an exclusion on your policy, you can always check to see whether there is an option to buy additional coverage for it through an add-on. If in doubt, talk to your insurance provider to get the information you need.
Keep in mind that some exclusions are outright, meaning that there are no options to add on coverage to include them in your policy. In these cases, you would be responsible for covering these losses yourself. These exclusions are common to most insurance companies and typically include wear and tear, damage caused by pests (such as rodents or insects) and acts of terrorism, to name a few.
Your policy is also likely to contain specific dollar limits and possible coverage restrictions on certain categories of items, such as jewellery or wine collections. If you have belongings of particularly high-value, you should check these limits and restrictions to ensure you're properly covered. Should you need additional coverage, check out our Personal Valuables Coverage to learn more.
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