What home insurance can protect
Building and structural damage
Eligible damage caused by fire, water, and other insured events affecting the physical structure, subject to the selected policy.
Contents coverage
Furniture, appliances, electronics, clothing, and personal belongings up to declared limits and under applicable conditions.
Personal liability
Protection for certain legal liabilities if someone is injured or property is damaged in connection with the insured home.
Homeowners and tenants need different protection
A homeowner may need to insure both the building and contents. A tenant will usually focus on personal belongings, improvements they paid for, and liability. A landlord's building policy generally does not automatically protect a tenant's possessions.
For apartments, it is useful to understand what the building or co-owners' policy covers and where your individual responsibility begins. MRC helps identify these boundaries so you avoid unnecessary duplication or overlooked gaps.
Choose limits that reflect real replacement costs
The insured value should be based on rebuilding or replacement considerations rather than only the property's market price. Contents should be estimated room by room, with special attention to valuables, electronics, jewellery, art, or equipment that may require separate declarations or sub-limits.
Policy conditions, security requirements, excesses, unoccupied-property rules, and natural-event exclusions should be understood before cover begins. MRC explains these points and assists with claim documentation and follow-up if an insured event occurs.
Frequently asked questions
Questions about home insurance
Does home insurance cover natural disasters?
This depends on the policy, selected extensions, geographic risk, and exclusions. We will help you identify what is included, excluded, or available as an optional extension.
I am renting — do I still need insurance?
A tenant can still have significant exposure through personal belongings and liability. The landlord's policy normally focuses on the building and may not extend to your possessions.
How is a home insurance premium calculated?
Key factors include property type, location, construction, insured values, occupancy, security measures, selected risks, excess, and prior claims history.