This is the most common type of home insurance for people who own and live in their homes. It typically covers the structure of the home, personal belongings, liability protection, and additional living expenses if you're temporarily displaced due to a covered event (like a fire or flood). Mortgage lenders in Alberta usually require this insurance before funding a home loan.

Condo insurance in Alberta covers the contents of your unit, personal liability, and sometimes upgrades made to your unit (like custom flooring or cabinets). The condo corporation's insurance usually covers the building and common areas, so personal condo insurance is designed to fill in the gaps. Most condo boards require proof of this coverage.

If you own a home or suite that you rent out, you'll need rental property insurance. This type of coverage typically includes protection for the dwelling, landlord liability, and loss of rental income if the property becomes uninhabitable due to a covered loss. Alberta landlords should also ensure they comply with any municipal bylaws and tenancy regulations when setting up this insurance.