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Insurance Tips By Lois Anderson Home insurance is essential pro- tection, 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 contents against perils that are specifically listed, such as fire, wind damage or vandalism. If the peril is not named, your house is not protected against it. Broad form insurance covers your building against all perils except those that are listed. Floods, earthquakes and scwer back-ups are usually excluded. Comprehensive insurance covers the home and its contents against almost every peril and, therefore, it is the most costly to you. The amount of insurance you carry on your house is determined . by the cost of rebuilding the struc- ture, not the sale valuc of the prop- erty. Insurance for the contents is based 60 per cent to 70. per cent of the replacement valuc of the build- ing, but you can buy more if you feel it is necessary. Beyond property protection, you will have to consider liability insur- ance. Liability insurance protects you if someone sustains injuries on your property an you, or your fami- ly, are held responsible. It also protects you against dam- age you accidentally cause to oth- ers or to their property. The amount of liability you necd depends on your property and the activities in which your guests may engage. For instance, if you own a pool you may need morc than average coverage. The usual. amount of lia- bility insurance is $500,000, but coverage of $1-million is common. Family valuables----furs, silver- ware, or jewelry--should be insured separately, usually under a 'floater clause' that is added to the policy. Most policies without this clause cover only a portion of your valuables. Keep a few rules in mind when you try to sort through all the infor- mation. Above all, make sure you understand the type of policy you are buying, the extent of its cover- age and any clauses that may inval- idate your claim. For instance, some policies may not cover water damage or sewer back-ups if you go on vacation and don't shut off and drain the water pipes. Look closely and determine if your policy includes provisions for accommodations while your house is being rebuilt or repaired. Check the time period it covers and under what conditions it comes into effect. If you insure your jewelry or other valuables, photograph them and store the print in a safe place. The photos may be critical when the time comes to settle claims. It is also a good idea to keep a list of all the items in your house, along with their estimated value. The list could be stored in a safe place outside of your home. Your agent or company can provide you with a standard list of items to make this task easier. When you decide to purchase home insurance either for the first time, or for the tenth time, remem- ber that premiums vary widely from one company to the next. Do a bit of comparison and get at least three quotes. you may want to use the services of a broker who can shop from several companies and can give you a good compari- son of policies. And, don't hesitate to ask any questions. You may have to pay later for the things you neglect to check today. I' by 4 Spruce Poplar LUMBER SALE Fencing lumber in stock! ATKINSON'S MILL by 6" $225/m $175/m BUSINESS Page 11, News, Wednesday, April 20, 1988 DIRECTORY COOPERMAN'S AUTO BODY Dave Cooper 32 Overpass Rd. Terrace Bay, Ont 825-9360 Marlin AWN World-Wide Canada P7C 1A7 6 NW Travel $100,000.00 free flight Insurance with each ticket purchased. CALL TOLL FREE 1-800-465-5922 Owned and operated by World-Wide Travel Service (Lakehead) Ltd. Travel Planners Since 1954 EXPERTS IN HOLIDAY and BUSINESS TRAVEL 508 Victoria Avenue Thunder Bay, Ontario (807) 623-8353 Toll Free 1(800) 465-6922 John's Texaco Your service centre Your Mini-Mart for for gas, car repairs & | groceries, milk & ; cigarettes. SERVICE Mon.-Fri. 7:30am - 9pm MINI MART Saturday 8:00am - 7:00pm Sunday 12:00am - 7:00pm 825-91 35 AIRLANE MOTOR HOTEL 698 Arthur St., W. Thunder Bay, Ontario Phone 577-1181 Banquet & Convention Facilities Lg. Heated Indoor Pool Whirlpool Saunas Diningroom "A guest When You Enter- A Friend When You Leave" Telex 073-4199 TRAVELLING ANYWHERE? LET US HELP YOU! America Travel Agency Lid. 217 Simpson St. , P.O. Box 964 Thunder Bay, Ont. P7C 4X8 .. Authorized Agents For --_ =) ALL AIRLINES ! =e ITALY and EUROPE TRAVEL jeiclaee 1-800-465-6964 é\""REEL REPAIRS" 825-9664 Get that fishing reel ready for another season. Replace those broken and worn out parts. Have that reel cleaned, lubed and repaired for as low as $9. 95 (parts extra) Lloyd Snider Contracting Terrace Bay, Ont. 825-9468 after 5 p.m. Pointing, Wallpapering, Trim finishing, Renovations, Plumbing Repairs DAN MATEEV CONSTRUCTION invites you to build your home with us. We offer: -competitive prices - custom built homes - custom cupboards of your choice olympic carpets of your choice 450 John Deere Rentals FOR FREE ESTIMATES CALL MEL OR DAN FREE ESTIMATES AT 825-9454 - my Tilden isaeese yeh es Rent-a-car Service . 1-800-465-3939 Spadoni Bros. Ltd. Cars & Trucks, daily, weekly, mon- thly, & long term leasing. Phone 857-2454 We Make Great Vacations! gy me i Call Stan at 824-2043 acation Planning Toll Se ry ea The Corporation of the Township of ese Cedar ENTERPRISES Terrace Bay Hairstyling Sailan 824-3399 824-2325 authorized Viceroy Dealer Commercial & Office Rental Space Mini & Maxi Cage Storage Mon Tues Sat 9-5 Wed Thurs Fri 9-8:30 Monto Sat 9-S TENDER : * haircutting * earpiercing Mill Road Tenders for renovations to the Terrace Bay Police Station * tinting * perms * waxing Terrace Bay will be received at the municipal office until 825-9368 Scotia Street, Schreiber 12:00 noon on Wednesday, April 27, 1988. Specifications and tender forms are available at the police station and the municipal office. 'C. DESROSIERS ALUMINUM CONSTRUCTION LTD. 807-825-3332 Building Lowest or any tender not necessarily taken. Products "Aluminum & vinyl siding, Seamless Eavestroughing D.A. Kidder Chief of Police READY MIX ¥ : HEAVY Aluminum soffit & fasia board < Township of Terrace Bay CONCRETE EQUIPMENT Aluminum stormdoors & windows, P.O. Box 27 2 insulated replacement . Terrace Say, Ontarlo P.O.BOX 760 CURTIS DESROSIERS windows POT 2WO : ; Local Alcan Dealer _ TERRACE BAY, ONT RES: 807 825-9069 825-3232 Wally Holman POT-2WO. _ 824-3428 :