Home Insurance: Do you have sufficient coverage?

Montreal, 29 May 2007 - 

National Bank Insurance encourages consumers to review their home insurance policy regularly to make sure they are adequately covered.

“Most of our potential clients’ coverage is 15% to 20% lower than the value of their property, which could result in unpleasant surprises in the event of a claim,” explained Danielle Aubin, Vice-President – Operations at National Bank General Insurance.

Property values are constantly changing. Renovations, a pool or landscaping can enhance a home’s value. What’s more, the purchase of new appliances and furniture can increase the value of the contents to be insured. That’s why consumers should review their coverage on a regular basis.

“Underinsurance is a frequent problem. Tenants, in particular, often neglect their home insurance on the grounds that they don’t own their apartment. However, the value of their personal belongings is almost always sufficient to justify coverage against fire, theft and vandalism,” said Ms. Aubin.

Conversely, some consumers are overinsured, in which case, updating their insurance coverage could save them money.

Whatever the situation, National Bank Insurance advisors can accurately assess the value of their clients’ properties and propose adequate coverage based on their needs.

Furthermore, by combining home and auto insurance, clients can save up to 15% on their home insurance premium and up to 5% on their auto insurance premium, and enjoy other exclusive advantages and privileges offered by National Bank Insurance.

For more information about National Bank Insurance, call 1-877-871-7500 or 514-871-7500, or visit www.insurance.nbc.ca.

About National Bank Insurance
National Bank Insurance comprises three of National Bank’s subsidiaries specialized in property, casualty and life and health insurance: National Bank General Insurance, National Bank Life Insurance and National Bank Insurance Firm.  National Bank General Insurance is a property and casualty insurance firm under the National Bank Insurance banner that provides direct access to auto and home insurance for individuals in Quebec. National Bank General Insurance is the exclusive distributor of insurance products for InnovAssur, Assurances Générales, which is the result of a strategic alliance between National Bank and one of Canada’s largest property and casualty insurance firms.  This partnership offers clients the peace of mind of being covered by a leading insurer.

About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $120 billion in assets and, together with its subsidiaries, employs 16,908 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at
www.nbc.ca.

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):                  

Denis Dubé
Director – Public Relations
National Bank of Canada
Tel.: (514) 394-8644