TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

Homeowner insurance covers the home you own and live in, as well as your personal property. If you experience a loss which is covered by insurance, such as a fire, and you cannot live in your home while it is being repaired, we’ll provide you with a benefit that will help pay your additional living expenses. This insurance also provides coverage for your personal liability for injury and damage.  2, record 1, English, - homeowners%20insurance

Record number: 1, Textual support number: 1 OBS

homeowners insurance: term standardized by the CSIO (Centre for Study of Insurance Operations).  3, record 1, English, - homeowners%20insurance

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 CONT

L'assurance des propriétaires occupants couvre la maison où vous habitez et dont vous êtes propriétaire. Vos biens personnels sont également couverts. Si votre maison subit un sinistre couvert par l'assurance, par exemple un incendie, et que vous ne pouvez plus y habiter pendant que des réparations y sont effectuées, nous vous versons une indemnité pour vous aider à régler vos frais de subsistance supplémentaires. L'assurance responsabilité, en cas de blessure ou de dommages, est également comprise.  2, record 1, French, - assurance%20des%20propri%C3%A9taires%20occupants

Record number: 1, Textual support number: 1 OBS

assurance des propriétaires occupants : terme normalisé par le CEPA (Centre d'étude de la pratique d'assurance).  3, record 1, French, - assurance%20des%20propri%C3%A9taires%20occupants

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

Note that our homeowner has to earn enough money first to pay the tax on his income and then still have $720 left over to pay his annual term insurance premium.  1, record 2, English, - term%20insurance%20premium

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Prime totale payable à chacune des échéances de prime successives convenues.  1, record 2, French, - prime%20suivante

Record number: 2, Textual support number: 1 OBS

prime suivante : terme normalisé par l'AFNOR; prime à terme : terme déconseillé par l'AFNOR. Extrait de la norme NF-K40-001, reproduite avec l'autorisation de l'AFNOR.  2, record 2, French, - prime%20suivante

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 CONT

Split Equity Contract similar to the en viager method used in France, involves the actual sale of the property by the homeowner. There is no mortgage. The homeowner retains the right to rent-free occupancy for a specified number of years or life. The purchase price would be determined by the expected future value of the property discounted by its rent-free use, interest, and the specific or expected time lapse before actual possession. This could be a life mortality consideration. The proceeds of the sale could be invested to yield income or, alternatively, used to buy a Life Annuity from an insurance company.  2, record 3, English, - split%20equity%20contract

Record 3,  Textual support,  French

Record 3,  Textual support,  Spanish