Our Property Insurance Coverage Types include:

• HOMEOWNER
• CONDOMINIUM
• TENANT/RENTER

Depending on the type, a standard property insurance policy includes the following coverages:

Dwelling

Helps to protect your home and detached structures on your property (such as a storage shed) against insured risks like fire, wind, hail, theft and more.

Contents

Helps to protect you financially against insured damage or loss to furniture, clothing and other personal property inside your home or vehicle.

Living Expenses

Helps cover expenses like a hotel room, storage costs and more if you can’t live in your home while repairs are being made after an insured loss.

Third-party liability

Helps to protect you financially if you accidentally cause property damage or bodily injury to others — at home or anywhere in the world.

OVERVIEW

In Alberta, basic automobile insurance includes two types of mandatory coverage:

• ACCIDENT BENEFITS
• THIRD-PARTY LIABILITY

There are three main types of additional auto insurance coverage. It is recommended that drivers in Alberta purchase optional coverage for added protection:

Collision Coverage

This coverage pays for repairs to your vehicle if you are involved in an accident or your vehicle is damaged. It pays for repair and replacement costs, regardless who is found to be at fault.

Comprehensive Coverage

This provides you with coverage against damages caused from theft, fire, vandalism, weather events, and other non-accident events. This provides the broadest scope of coverage for drivers.

Specified Perils Coverage

Specified perils provides coverage for specific perils outlined in your policy. Only perils that are named in your policy are covered.

OVERVIEW

We provide coverage for businesses for protection against potential losses through unforeseen circumstances like theft, liability, property damage, and for coverage in the event of an interruption of business or injured employees.

Our partnerships with some of the top Canadian insurers allow us to provide a wide range of customized business coverage for, but not limited to the following sectors:

• Contractors
• Manufacturers
• Retail
• Wholesale
• Professional Offices
• Restaurants
• Garage & Repair
• Delivery Services
• Day Care

What is a Surety Bond?

A surety bond is defined as a three-party agreement that legally binds together a principal who needs the bond, an obligee who requires the bond and a surety company that sells the bond.

CCAF Insurance provides Surety Bonds as part of its Commercial insurance coverage.

Types of Surety Bonds

There are many different types of surety bonds. In fact, almost any contract or obligation can be bonded. However, the 4 most common types of surety bonds include contract surety bonds, commercial surety bonds, court surety bonds, and fidelity surety bonds.

Contract Surety Bond

A contract surety bond guarantees that a contractor will follow the specifications laid out in a construction contract.

Commercial Surety Bond

A commercial surety bond is typically used to protect public interests and are usually mandated by government agencies.

Fidelity Surety Bond

A fidelity bond protects a company against the malpractice of an employee who handles cash and other valuable assets.

Court Surety Bond

A court surety bond can be required by an attorney or similar entity before a court proceeding to ensure protection from a possible loss.

In Alberta a bond is required for licensing under the following business types:

• Sales Business
• Collection Agency
• Direct Sellers
• Debt Repayment Agency
• Electricity Marketers
• Employment Agency
• High-cost Credit
• Home Inspection Business
• Natural Gas Marketers
• Payday Lender
• Prepaid Contractors
• Retail Home Sales
• Time Shares & Points-Based Contracts
• Fund-Raising Business

OVERVIEW

Life insurance can help take care of the future financial security of your loved ones who depend on you for financial support. Should you pass away, your beneficiaries receive a lump sum, tax-free payment to help them replace lost income, maintain their living standards, pay for your children's education, pay off debts and cover your final expenses.

CCAF Insurance offers a wide range of affordable life insurance plans to meet the needs of you and your family. There's a Life Insurance Plan for all circumstances.

Life insurance has two primary attributes – the premium and the death benefit. Those are the two base attributes we should be concerned about. If we die, how much do our beneficiaries receive? And how much does it cost to receive those benefits?

Types of Life Insurance

We offer the following types of Life Insurance coverage to meet the needs and circumstances of our customers:

• Term
• Whole
• Universal
• Variable (Life & Annuities)
• Annuities

OVERVIEW

Travel insurance provides protection against unforeseen events that can occur before or during your trip, ranging from minor mishaps to major misfortunes. Generally, travellers are motivated to purchase travel insurance to protect themselves against one or more of the following risks:

• Sickness or injury while travelling
• Need to cancel your trip before you leave, or interrupt or delay it once you are travelling
• Your baggage gets lost, stolen or delayed

Our Travel Insurance package includes the following plans:

• Medical & Cancellation Plan
• Medical Plan
• Cancellation Plan
• Visitors to Canada/Super Visa Plan

Super Visa program requirement

To obtain a Parent or Grandparent Super Visa for Canada, applicants must have valid emergency medical insurance. Super Visa applications need to provide proof that they have private emergency medical insurance valid for a minimum of 1 year, from a Canadian insurance company and that it:

• Covers emergency medical care, hospitalization and repatriation
• Provides a minimum coverage of $100,000
• Is valid for each entry to Canada and available for review by a port of entry officer

For more details, visit the
Government of Canada's Parent and Grandparent Super Visa
website.